Egoras To Unveil Blockchain-powered Charging Station For Electric Vehicles

Nigerian energy company, Egoras Technology, has announced the imminent launch of ‘Egostation’, an ingenious electric vehicle (EV) charging station powered by blockchain technology.

This revolutionary infrastructure is set to debut on June 8, 2024 in Port Harcourt, Rivers State, and is expected to transform the future of sustainable transportation in the region, according to a statement released by the startup.

Powered by Egoras’ proprietary blockchain solution, Egochain, Egostation ensures enhanced transparency and incentivises station ownership, fostering the widespread adoption of EVs across Nigeria.

Egostation’s cutting-edge Level 3 DC fast charging system enables rapid charging, with the capability to charge an electric vehicle up to 80% within just 20 minutes, making it an ideal solution for the dynamic needs of modern EV owners.

The startup revealed that Level 3 charging stations, like Egostation, are equipped with DC fast chargers. Compared to traditional Level 2 AC chargers, DC fast chargers deliver significantly faster charging times.

This is because DC chargers bypass the car’s onboard AC/DC converter, delivering direct current to the battery for a more efficient and rapid charging process.

As Egoras continues to pave the way for sustainable transportation solutions, the company invites partners to join in establishing charging stations nationwide.

Chief Executive Officer, Egoras, Ugoji Harry, said: “We are excited to introduce Egostation as a game-changer in EV charging technology.

“By leveraging the power of blockchain through our proprietary Egochain, we are not only revolutionizing the EV charging experience but also incentivizing the widespread adoption of electric vehicles across the country.”

He explained that Egoras’ commitment to sustainability extends beyond its charging stations.

“Our fleet of electric vehicles and charging station terminals will be seamlessly integrated into the Egochain, ensuring enhanced security, transparency, and efficiency,” Harry stated.

Last week, the startup announced plans to launch its made-in-Nigeria electric vehicle, APEX 28, in April.

The firm is committed to transitioning Africans from fossil fuels to sustainable energy with the APEX 28 EV.

The electric vehicle, manufactured at Egoras’ factory in Port Harcourt, Nigeria, represented a significant step forward to revolutionise and promote clean energy within the transport sector.

On potential partnerships, the CEO said that as it continues to pioneer advancements in the EV sector, partners are encouraged to seize the opportunity to establish charging stations nationwide, contributing to the expansion of Nigeria’s EV infrastructure.

He further explained that it will leverage Egoras’ cutting-edge Egochain technology to incentivize station ownership and foster the expansion of the Egostation network.

As more vehicles utilise Egostations for charging, station owners earn rewards in the form of $EGAX block tokens, creating a mutually beneficial system that encourages network growth and rewards those who contribute to its success.

“The integration of Egochain technology into Egostation represents a paradigm shift in the EV charging landscape,” explained Harry.

“By incentivizing station ownership and rewarding participation, we are driving the widespread adoption of EVs while simultaneously advancing Nigeria’s EV infrastructure,” he added.

Last year, the company launched a gas-powered tricycle known as the Egoras Dual-Fuel Tricycle.

The tricycle offered a cost-effective solution for both urban and rural areas, while also contributing to a greener environment.