• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Saturday, September 6, 2025
Leadership Newspapers
Read in Hausa
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
Leadership Newspapers
No Result
View All Result

FasterCapital Backs Nigeria’s First Integrated E-Tricycle and Battery Plant with $21M Vision

by Sponsored
3 weeks ago
in Sponsored Content
FasterCapital Backs Nigeria's First Integrated E-Tricycle and Battery Plant with $21M Vision
Share on WhatsAppShare on FacebookShare on XTelegram

Zolair Energy Solutions Limited https://zolairenergy.com/ Nigeria’s pioneering venture in e-tricycle assembly and advanced battery manufacturing, announced a strategic partnership with FasterCapital https://fastercapital.com/ through its LaunchUp program. This collaboration aims to accelerate the startup’s 6 – 8 month timeline to market, targeting Africa’s growing sustainable transportation and energy storage sectors.

Advertisement

 

Market Opportunity

Nigeria’s transportation and energy sectors face critical challenges including rising fuel costs, grid instability, and limited access to affordable clean energy solutions. With over 3 million tricycles in operation and annual sales exceeding 200,000 units, demand for sustainable alternatives is surging. The market remains underserved by integrated solutions, presenting significant opportunities for scalable, localized manufacturing in Africa’s largest economy.

 

ADVERTISEMENT

Innovative Solution

Zolair’s Integrated Energy Solutions Plant in Idu, Abuja, represents a first-of-its-kind vertically integrated facility combining:

  • Modular e-tricycle assembly
  • Pilot-scale zinc-air fuel cell production
  • 50-75 MWh/year sodium-ion battery factory

Designed for Nigerian conditions, the products offer durability, affordability, and advanced battery management. The company’s Battery as a Service (BaaS) and battery swapping model reduces upfront costs by 40% while generating recurring revenue. Early projections forecast a 35.0% IRR and 4.2x equity multiple over five years, validated by partnerships with ride-hailing platforms like Bolt.

ADVERTISEMENT

 

Strategic Partnership

Through the LaunchUp program, FasterCapital provides critical resources including strategic mentorship, technical guidance, and access to a global investor network. The collaboration supports phased funding of $21 million aligned with milestones, optimizing capital efficiency and reducing time-to-market.

 

Executive Perspectives

“Zolair’s Integrated Energy Solutions exemplifies the innovation and impact we seek in our LaunchUp portfolio,” stated Hesham Zreik, Founder & CEO of FasterCapital. “Their integrated approach addresses critical market gaps in Africa.”

Zolair CEO Kayode Babatunde added, “Partnering with FasterCapital validates our vision to transform Nigeria’s energy ecosystem. Their expertise will accelerate our production timeline and expand our reach, delivering affordable, clean energy solutions across Africa.”

 

Future Outlook

Over the next 6-8 months, Zolair will complete plant commissioning and ramp production, targeting initial market entry with e-tricycles and battery solutions. Plans include expanding production capacity, scaling the BaaS model, and exploring regional opportunities. Additional capital rounds are planned to support growth and R&D, with a long-term vision to lead Africa’s clean transportation and energy storage sectors.

 

Media Contact:

RELATED

Honourable Adesote Adebowale: A Visionary Leader Inspiring Peace, Innovation, And Humanity

Honourable Adesote Adebowale: A Visionary Leader Inspiring Peace, Innovation, And Humanity

15 hours ago
SNEYD Mining Launches Mobile App to Unlock Daily Income Potential from Crypto Mining

SNEYD Mining Launches Mobile App to Unlock Daily Income Potential from Crypto Mining

2 days ago

Rasha Almasri

[email protected]

+1 (512) 400-0256

 


Join Our WhatsApp Channel



Tags: Zolair Energy Solutions Limited
SendShare10172Tweet6357Share
ADVERTISEMENT
Previous Post

IPAC Writes RSIEC Chairman, Rejects August 30 Rivers LG Elections

Next Post

Akwa Ibom Institutes Inter-religious Council For Peace, National Integration

Sponsored

Sponsored

You May Like

Honourable Adesote Adebowale: A Visionary Leader Inspiring Peace, Innovation, And Humanity
Sponsored Content

Honourable Adesote Adebowale: A Visionary Leader Inspiring Peace, Innovation, And Humanity

2025/09/05
SNEYD Mining Launches Mobile App to Unlock Daily Income Potential from Crypto Mining
Sponsored Content

SNEYD Mining Launches Mobile App to Unlock Daily Income Potential from Crypto Mining

2025/09/03
Nigeria Needs Private Sector In Health Reforms – Shettima
Sponsored Content

A Special Tribute To H.E. Senator Kashim Shettima, GCON, Vice President, Federal Republic Of Nigeria As He Turns 59 And Counting

2025/09/02
​7-Day VIP Free! Your Android Ticket To Hollywood In South Africa​
Sponsored Content

​7-Day VIP Free! Your Android Ticket To Hollywood In South Africa​

2025/08/29
TECNO Spark 40 Series: Balancing Advanced Technology With Everyday Affordability
Sponsored Content

TECNO Spark 40 Series: Balancing Advanced Technology With Everyday Affordability

2025/08/28
SATH Invests $300,000 In AI Experience Center At FUTO To Accelerate Education And Innovation
Sponsored Content

SATH Invests $300,000 In AI Experience Center At FUTO To Accelerate Education And Innovation

2025/08/21
Leadership Conference advertisement

LATEST

Bayelsa Community To Install King After Two Decades

Federal Gov’t Advocates Nutrition Budget Tagging For Transparent Healthcare Delivery

2027: Desperate El-Rufai And The Limit Of Propaganda

Rising Liquidity, Foreign Reserves Boost Naira To 6-month High Of N1,514.86

Stakeholders Laud Babandede’s Promotion, As Onne Customs Generates N859bn Revenue

FIRS Advocates Global Reforms On SMEs Tax Evasion

TV Reality Show Plans N50m Reward For Youth Entrepreneurs

CBN Unveils Compliance Department For Anti-money Laundering, Cybersecurity

CardCentre, MTN Nigeria Partner To Unveil Sustainable SIM Cards

SEC Approves Eko Rice N23.4bn Contracts For Listing On Commodities Exchange

© 2025 Leadership Media Group - All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us

© 2025 Leadership Media Group - All Rights Reserved.