Qorai Launches Electric Mobility Franchise in Nigeria

Qorai Mobil Energi Limit has introduced a national dealer-owned electric mobility franchise designed for last-mile transportation in Nigeria. This model allows independent dealers to own and operate electric tricycle fleets within their territories, utilizing a battery swap infrastructure and operational technology support.

Dealers are required to contribute approximately 50 million naira as upfront equity to gain access to the financial mobility ecosystem, which is estimated to have an asset profile of 177 million naira. The financing structure is backed by banks and is designed to be repaid over two years through daily operational activities.

Unlike traditional dealership systems that primarily focus on product distribution, Qorai's Dodo model is structured to enable long-term operational ecosystems, allowing dealers to build recurring cash flow businesses. This initiative aims to support Nigeria's transition towards cleaner and more efficient urban mobility systems, create economic opportunities at the community level, and reduce dependency on conventional fuel sources.