🛠️ Design and Production Phase

Mosope Olaosebikan, CEO of Possible EVS, shared that they are currently in the design and production phase, with plans to start assembling EVs in Nigeria next year. They aim to offer a wide range of electric vehicles, from tricycles to taxis, to meet the growing demand for sustainable transportation.

🚖 Electric Taxis in Abuja

While primarily a manufacturer, Possible EVS has launched an electric taxi service for testing in Abuja. These electric taxis can travel up to 400 km on a single charge. Feedback has been positive, and the company plans to expand its electric taxi fleet to Lagos and Akwa Ibom by the year's end.

🔌 Charging Infrastructure

Possible EVS is also investing in charging infrastructure. They have established a public charging station at their electric vehicle experience center in Abuja, aiming to familiarize people with electric vehicles. Additionally, they offer fast charging services, allowing EVs to charge to full capacity in under an hour at a rate of ₦1,200 ($1.56).

☀️ Hybrid Charging Solution

In a country with unreliable electricity supply, Possible EVS is pioneering a hybrid charging solution, combining solar energy with grid electricity. They plan to deploy a fully off-grid alternative, making electric vehicle charging more accessible and sustainable.

💰 Funding Strategy

The company initially raised $5 million internally and is actively seeking further funding by Q1 2024. Possible EVS is exploring partnerships with financiers, asset financing, and hire-purchase arrangements to make EVs accessible to a wider audience.

📈 Expanding Horizons

As Possible EVS prepares to launch its assembly plant, they're also set to open an Electric Vehicle Experience Center (EVEC) in Lagos and expand their charging infrastructure nationwide. The company's mission is to accelerate the adoption of electric vehicles in Nigeria and across Africa.

#EV #ElectricVehicles #Nigeria #SustainableTransport #GreenTech

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