Follow Us on Google
Rensource Energy and Metropolitan Electric (Metro EV) have partnered to launch Nigeria’s first integrated renewable-powered electric mobility ecosystem, with operations scheduled to commence on September 1, 2026.
The initiative will combine renewable energy, electric vehicles, charging infrastructure, battery solutions and financing on a single platform aimed at making electric mobility more affordable and accessible to individuals, businesses and transport operators.
According to a statement issued yesterday, the partnership is designed to address key barriers to electric vehicle adoption in Nigeria, including high acquisition costs, inadequate charging infrastructure, range anxiety and limited access to financing.
At the centre of the project is Rensource Mobility, the electric vehicle and clean transportation arm of Rensource Energy. The company will provide mobility solutions covering cars, tricycles and buses, with a focus on both formal and informal transport operators.
Under the partnership, Rensource Mobility plans to deploy 1,000 charging stations annually over the next 10 years across Nigeria. The charging facilities, to be known as Metro EV Stations, will be powered by Rensource Energy’s solar stations and mini farms.
The stations will also serve as energy hubs, with electricity supplied to businesses operating around the facilities.
The companies said the ecosystem would provide vehicle diagnostics, maintenance and after-sales services, alongside payment and maintenance platforms designed to simplify electric vehicle ownership and operation.
A cash-flow-based credit system will enable drivers and businesses to access financing, while battery rental and replacement options will help lower ownership costs and address concerns over driving range.
Chief Executive Officer of Rensource Energy, Dr. Azizat Gbadegesin, said the company was well positioned to deliver the project, drawing on its experience in renewable energy programmes across Africa.
“We have built a scalable operating platform that delivers projects on time, on budget and to specification,” she said, adding that the partnership would bring the company’s “discipline and reliability” into Nigeria’s mobility sector.
Gbadegesin said the project went beyond the introduction of electric vehicles.
“We are not just introducing electric vehicles. We are building the infrastructure, the technology, and the financing models to make sustainable transport work for every Nigerian,” she said.
Similarly, the Chief Executive Officer of Metropolitan Electric, Olugbenga Obadina, said effective coordination would be essential to accelerating Nigeria’s transition to electric mobility.
“Nigeria has reached a critical stage in its transition to electric mobility. The policy pieces are largely in place. What is needed now is to connect them, with coordination and execution across agencies,” he said.
The partners estimated that powering an electric vehicle over a distance of 400 kilometres would cost about N20,000, compared with roughly N160,000 required to fuel a petrol or diesel vehicle over the same distance.
They said the renewable-powered charging network would also help cut vehicle emissions and reduce Nigeria’s carbon footprint.
The companies added that businesses would be able to access financing based on verified carbon savings generated through the adoption of clean mobility solutions.
The partnership is expected to create a nationwide ecosystem linking clean energy generation, electric transport, charging infrastructure, battery services and financing, as Nigeria seeks to increase the adoption of cleaner alternatives to conventional petrol and diesel-powered transportation.
