Rensource, Metro EV Unveil Renewable-powered Mobility Ecosystem

Rensource Energy and Metropolitan Electric (Metro EV) have teamed up to introduce Nigeria's first renewable-powered electric mobility ecosystem, set to launch on September 1, 2026. The joint venture aims to make electric vehicles more accessible to individuals, businesses, and transport operators by integrating renewable energy, EVs, charging infrastructure, battery solutions, and financing into one platform.

The initiative seeks to address key obstacles to electric vehicle adoption, such as high initial costs, insufficient charging networks, range limitations, and inadequate financial support. In addition to vehicle diagnostics, maintenance, and post-sales assistance, the partnership will also offer payment and maintenance platforms.

A cash flow-based credit system will enable individual drivers and businesses to obtain financing, while battery rental and replacement options are expected to lower ownership costs and alleviate range concerns. Dr. Azizat Gbadegesin, CEO of Rensource Energy, expressed confidence in the project's execution, highlighting the company's track record of delivering renewable energy projects on schedule, within budget, and in accordance with specifications.

She emphasized that the partnership would bring Rensource's discipline and reliability to Nigeria's mobility sector.

Olugbenga Obadina, CEO of Metro EV, stressed the importance of effective coordination to expand electric mobility in the country. Nigeria has reached a crucial stage in its transition to electric mobility, with the necessary policy framework in place. However, Obadina noted that the next step is to connect the various elements through coordination and execution across relevant agencies.