- This EV ride-hailing service, the first in Nigeria, will commence operations on April 13, 2025, and will be powered almost entirely by renewable energy.
- eDryv aims to disrupt Nigeria’s ride-hailing market with subsidised fares below ₦320/km and a Green Coins reward program that offers discounts based on emission-free travel.
In a transformative push for green mobility, Foltï Technologies Limited has officially launched eDryv, Nigeria’s first electric vehicle (EV) ride-hailing service powered almost entirely by renewable energy.
eDryv will begin operations in the Lagos Island area on Sunday, April 13, 2025, marking a significant milestone in the nation’s evolution toward clean energy and transport.
But beyond a conventional ride-hailing platform, eDryv introduces an entire transport-as-a-service (TaaS) ecosystem that includes ride-hailing, vehicle rentals, and corporate transport—all powered by 95% solar energy and independent of the national grid.
At the heart of this innovation is a localised, sustainable system. Speaking at the unveiling, Ahmad Damcida, Founder of Foltï Technologies, emphasised that the power infrastructure, including solar arrays and storage batteries, was designed and installed by Nigerian engineers.
“We don’t depend on the national grid. We generate our own electricity—95% of it from solar power,” Damcida said.
This independence is key in a country facing frequent power outages and fuel price volatility, positioning eDryv as a viable and eco-conscious transport alternative.
eDryv aims to disrupt Nigeria’s ride-hailing market with subsidised fares below ₦320/km and a Green Coins reward program that offers discounts based on emission-free travel.
“Every kilometre driven in our EVs reduces carbon emissions—and riders get rewarded for that,” Damcida explained.
Unlike typical car services, eDryv’s vehicles are not for sale. With each EV costing around N44 million, the company offers them as a service to eliminate the financial burden of ownership while ensuring proper maintenance.
Damcida, who spent nearly two decades in the oil and gas sector, called the shift to green mobility “deliberate and necessary.”
“We know the oil business well, but we also know it’s time to decarbonise.”
Currently, eDryv operates two EV models—the Dayun MPV (450 km range, 72.27 kWh battery) and the Dayun SUV (330 km range, 36.6 kWh battery).
Emmanuel Anagbe, Head of Operations and Maintenance, noted that these vehicles cater to individual and corporate users. The pilot phase is already active across Lagos Island and parts of the mainland, with 231 EVs and three charging hubs planned for the commercial rollout.
eDryv’s flagship solar-powered charging hub in Agungi, Victoria Island, features a 460 kWh battery system that requires just one hour of public power daily. With eight 30 kW ports, the hub reduces range anxiety and ensures compatibility with various EV models.
Telematics technology also enhances operations by tracking real-time vehicle health, driver behaviour, and route efficiency. The Electric Mobility Promoters Association of Nigeria (EMPAN) has lauded the initiative as a game-changer.
The President of EMPAN, Engr. Dapo Adeshina, said, “eDryv gives us a glimpse into Nigeria’s transport future. It’s not just about EVs—it’s about an integrated clean transport ecosystem.”
According to Adeshina, transportation contributes over 22% of greenhouse gas emissions in Nigeria, so switching to EVs can significantly improve air quality and public health. EMPAN is pushing for government support through policies such as removing import duties on EVs, faster port clearances, and soft loans for EV drivers.
“Electric is safer and cleaner than CNG, and with proper financing, drivers can eventually own EVs,” Adeshina added.
Looking ahead, Foltï Technologies plans to establish an EV assembly plant in Abeokuta, Ogun State, by 2026 or 2027, creating jobs and deepening Nigeria’s capacity in the EV value chain.
While a ride from Victoria Island to the airport in an EV currently costs around ₦12,000 (compared to ₦18,000 on Bolt), the company says costs will fall further as it scales.
“This isn’t just about mobility,” Damcida concluded. “It’s about building a healthier, more sustainable Africa—starting right here in Nigeria.