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Agreement Signed for Deployment of Electric Motorbikes in Lagos
Agreement Signed for Deployment of Electric Motorbikes in Lagos
By: Michael Mike
Swap Station Mobility Limited has signed partnership agreement with Glovo and Siltech World to deploy electric motorbikes, smart swappable batteries, and a network of quick interchange stations across Lagos State.
The Partnership will provide Glovo couriers with 2-wheel electric motorbikes that offer lower cost, clean mobility alternative to the internal combustion engine (ICE).
The Electric Vehicles (EVs) are provided on a lease-to-own model whilst also offering riders a unique “pay as you ride” or “weekly subscription” to access SSM’s battery swap and charging facilities, technical support and cover for insurance, licensing, and routine maintenance services. In order to increase adoption, Swap Station intends to build out a network of solar powered automated quick interchange battery stations along major demand routes and logistics bases starting in Lagos and surrounding states over the next twenty-four months.
Blackaion Capital and FundCo Capital Managers who are the co-sponsors of Swap Station Mobility, believe the operational cost of battery swapping per kilometre (km) will remain substantially lower than the fuel cost per km for the ICE counterpart. “This is the main value driver which has been catalysed by the Federal Government’s near elimination of fuel subsidies.
The products developed or distributed by Swap Station are designed to exceed the performance of petrol alternatives whilst significantly improving CO2 emissions, local air quality, and cost efficiency for users over the life of the asset,” said the Director at Swap Station and Partner at Blackaion Capital, Obiora Okoye,
Okwu Njoku who sits on the Board went on to say, “We are very excited about signing with Glovo who operate one of the most prolific food delivery platforms in Nigeria. Our EVs and swappable batteries are in-country, and Siltech World, one of our key technology and technical partners, supported us with the procurement, testing, and certification of the EVs, and so, we are now ready to start operations. We plan to spend the next few months securing additional swap locations, building our technology platform, and expanding our team.”
Abiodun Oni, Chief Executive Officer (CEO) of FundCo Capital Managers, and former Regional Sales Director, Energy, for Tesla, stated, “e-mobility is critical to our sustainable infrastructure investment strategy, and this agreement with our partners enables us to kick start that process”.
On his part, Head of Operations at Glovo, Ify Adah stated, “ By 2030, our goal is to have about half of our orders delivered by non-combustion vehicles. So, we are very excited and look forward to working with Swap Station, and supporting our couriers with cleaner and more cost-effective transport solutions.”
Swap Station is an integrated EV financing and battery charging infrastructure development company that has built a business-to-business-to-consumer (B2B2C) platform that provides access to electric 2-wheel and 3-wheel vehicles, swap station infrastructure, swappable batteries, and a hub for repairs and maintenance services to fleet owners, businesses, and users operating in the logistics and last mile connectivity in Nigeria.
Blackaion Capital is a West Africa focused infrastructure advisor, developer, and asset manager with offices in Lagos, Abuja, and Mauritius. Blackaion’s mission is to create exceptional long-term value for all stakeholders by developing and capitalising tech-enabled and climate-friendly infrastructure projects and companies.
FundCo is a specialised Alternative Asset Manager for sustainable infrastructure-related funds across critical economic sectors. These are selected industries providing essential services to the society, with domestic geographic diversity, have secure cash flows, are recession resilient, and ideally, offer some inflation protection. FundCo is duly registered with and licensed by Nigeria’s Securities and Exchange Commission (SEC) as a portfolio/fund manager in line with the SEC rules.
Agreement Signed for Deployment of Electric Motorbikes in Lagos
Troops repel multi-front terrorist attack in Borno, killed several terrorists and recover arms
By: Zagazola Makama
Troops of Operation Hadin Kai have repelled a coordinated attack by suspected terrorists on a Forward Operating Base in Biu Local Government Area of Borno, recovering weapons and inflicting losses on the attackers.
A military source said the incident occurred at about 12:28 a.m. on March 28, when insurgents launched a multi-front assault on troops at Forward Operating Base Mandaragirau.
The source disclosed that the troops, already positioned in ambush, engaged the attackers in a fierce exchange, killing several of them and forcing others to retreat.
“Troops effectively engaged the terrorists from their ambush positions, compelling them to flee in disarray,” the source said.
He added that troops pursued the fleeing insurgents along their withdrawal routes, during which additional casualties were inflicted on them.
“During exploitation, troops discovered the bodies of four neutralised terrorists and recovered five AK-47 rifles, eight magazines, two rocket-propelled grenade bombs and quantities of ammunition,” he said.
The source noted that visible blood stains along the escape routes indicated that more casualties were inflicted on the fleeing insurgents.
He, however, said the troops also recorded casualties during the encounter.
“Some soldiers sustained injuries in action, while two members of the Civilian Joint Task Force (CJTF) lost their lives and two others are currently missing in action,” he said.
The sources added that the wounded personnel had been evacuated to the Cantonment Medical Centre in Biu for treatment, while exploitation operations are ongoing to track down the fleeing insurgents.
Troops repel multi-front terrorist attack in Borno, killed several terrorists and recover arms
Troops arrest suspected ISWAP collaborator in Borno
By: Zagazola Makama
Troops of Operation Hadin Kai have arrested a suspected collaborator of ISWAP/JAS terrorists in Damboa Local Government Area of Borno State.
A military source said the suspect was apprehended at about 5:35 p.m. on March 27 by troops of 25 Brigade and 19 Battalion (Mobile), in conjunction with members of the Civilian Joint Task Force (CJTF).
The source disclosed that the suspect, a native of Gwalki village in Kafa area of Damboa LGA, resides at Hausari Internally Displaced Persons (IDP) camp in Maiduguri.
“The suspect is alleged to have been collaborating with ISWAP/JAS elements operating within the Damboa general area,” the source said.
He added that during preliminary investigation, the suspect claimed to be part of a hybrid force and a repentant terrorist.
“However, he confessed to being involved in the sale of ammunition to terrorist elements at the Timbuktu Triangle through an accomplice identified as Konto Fatima, said to be residing at Aburi IDP camp,” the source said.
According to him, the suspect is currently in military custody and undergoing further investigation.
Troops arrest suspected ISWAP collaborator in Borno
Troops foil attack on farmers, one injured in Borno
By: Zagazola Makama
Troops of Operation Hadin Kai have foiled an attempted attack by suspected ISWAP/JAS terrorists on farmers and herders in Gwoza Local Government Area of Borno State.
A military source said the incident occurred at about 11:50 a.m. on March 28, when insurgents believed to have emerged from the Mandara Mountains attempted to attack, kidnap farmers and rustle cattle around Hudugum village in the Hambagda axis.
The source disclosed that troops of 192 Battalion, deployed for piqueting duties along the Gwoza–Limankara road, swiftly responded to the distress call.
“On arrival, troops made contact with the terrorists and engaged them in a firefight, forcing them to abandon their mission and flee towards the foothills of the Mandara Mountains,” the source said.
He added that troops pursued the fleeing insurgents along their withdrawal route but did not make further contact.
The source, however, said one civilian was accidentally hit by a stray bullet during the exchange.
“The victim sustained injury on her left thigh and was evacuated to General Hospital Gwoza, where she has been stabilised and is currently receiving treatment,” he said.
Troops foil attack on farmers, one injured in Borno
Troops repel multi-front terrorist attack in Borno, killed several terrorists and recover arms
Troops arrest suspected ISWAP collaborator in Borno
Troops foil attack on farmers, one injured in Borno
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