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From Uche Usim, Abuja
Independent Capital Limited, a project finance firm, is taking a major step towards revolutionalising local transportation with that planned roll-out of three-wheeler electric vehicles (e-trike) in cities and villages.
The Chief Executive Officer of the firm, Dr George Nwangwu, who announced this in a statement in Abuja on Tuesday, said the audacious investment was galvanized by the federal government’s plan to introduce gas-powered vehicles in the country as a fallout of the removal of fuel subsidies.
He further said that the company was committed to establishing a robust network of solar-powered charging infrastructure to support the operations of its e-trike fleet as the innovative strategy not only tackles the obstacles associated with adopting electric vehicles but would also actively contribute to the establishment of a sustainable energy ecosystem.
He said: “We are dedicated to reducing carbon emissions, alleviating congestion and improving the overall quality of transportation for the Nigerian population. Independent Capital aims to create a greener and more efficient transportation ecosystem that enhances the lives of individuals and contributes to a cleaner environment”, he noted.
According to the firm’s Nwangwu, in response to the recent removal of fuel subsidies, the Nigerian market is experiencing a fundamental shift, creating an opportune moment for innovative solutions in the e-mobility sector which “Independent Capital is well-positioned to capitalize on this shift by introducing sustainable transportation alternatives that cater to the evolving needs of the market”.
Also speaking, the Chief Finance Officer of the company, Mr. Moses Saromi said “with the e-mobility sector undergoing significant developments, driven by environmental concerns, technological advancements and shifting government policies our firm is poised to play a pivotal role in shaping the future of transportation in Nigeria,”
He revealed that the demand for e-mobility solutions in Nigeria is projected to grow exponentially by 15% compound annual growth rate and thus, Independent Capital stands at the forefront of providing sustainable alternatives to traditional vehicles and that with a focus on e-trikes, the company strategically positions itself to capture a significant share of the expanding market to meet the diverse needs of individual consumers and delivery services to the Nigerian society.
He added that in the pursuit of a cleaner and more efficient transportation ecosystem, Independent Capital remains a driving force in the nation’s journey towards a greener future.
