RTEAN, Firms To Deploy 10,000 Electric Tricycles

The Road Transport Employers Association of Nigeria (RTEAN), KarryGo Transport Technology Company, and Qoray Mobility have partnered to deploy 10,000 Qoray Teak electric tricycles over the next 12 months, transforming Nigeria’s transportation landscape.

The landmark partnership agreement aimed to reduce dependence on fossil fuels, decrease carbon emissions, and provide millions of Nigerians a cleaner, safer, and more sustainable last-mile transportation solution. It highlighted the need for energy security and clean mobility to support the growth of an agile economy.

Over the next 12 months, 10,000 Qoray electric tricycles, advanced charging and swap infrastructure, and seamless payment solutions will be deployed nationwide, providing much-needed relief to transport operators and passengers.

This ambitious initiative aligns with the federal government’s energy transition plan and demonstrates the partners’ deep commitment to sustainable development. Notably, The Alternative Bank’s financing of this project underscores their endorsement of innovative, viable solutions that drive positive change, further solidifying the partners’ collective efforts to transform Nigeria’s transportation landscape for a greener, more sustainable future.

Co-founder of KarryGo Transport Technology Company Damola Akindolire said the transportation industry is a critical component of the Nigerian economy, and the rising cost of petrol has impacted the sector’s operations.

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“Therefore, our partnership with a key stakeholder such as RTEAN and its members who control over 70 per cent of the transport sector is a major landmark deal and marks the beginning of the energy transition and provision of mobility technology for the Nigerian transport sector,” Akindolire stressed.

Also speaking to the development, Ayomide Daniels, CTO and Co-founder of Karrygo Transport Technology Company, emphasised the need for Mobility Technology Infrastructure to take the transportation sector from potential to realisation for the betterment of the economy.

He said, “We are playing a key role in this space by building and deploying technologies built on the premise of Blockchain, Clean Energy, Internet of Things to facilitate the payments and movement of people and goods across the country in record time and securely, and in doing so also helping respective government agencies with critical data needed for the improvements of the transportation sector and the security of passengers and goods across the country.”