Qoray Mobility & Energies Limited has introduced a dealer-owned electric mobility franchise model designed to accelerate the adoption of clean last-mile transportation in Nigeria. The initiative, known as the Dealer-Owned, Dealer-Operated (DODO) model, enables local entrepreneurs to own and operate electric tricycle fleets within their territories while leveraging Qoray's integrated mobility platform, battery swap infrastructure, operational systems, and technology support.
Empowering Local Entrepreneurs
Under the DODO model, independent dealers make an upfront equity contribution of approximately ₦50 million to gain access to a financed mobility ecosystem with an estimated asset profile of about ₦177 million. This includes electric tricycles and supporting infrastructure. The balance of the infrastructure financing is provided through a bank-backed facility structured over a two-year period and repaid through daily operational activity.
Unlike traditional dealership systems that focus primarily on product distribution, Qoray's DODO model is designed as a long-term operational ecosystem. It allows dealers to build recurring cashflow businesses through last-mile transportation and energy infrastructure operations.
Supporting Nigeria's Green Transition
The company states that the initiative supports Nigeria's transition toward cleaner, more efficient urban mobility systems while creating economic opportunities at the community level. Olabanjo Alimi, Founder and CEO of Qoray Mobility & Energies Limited, emphasized: "Our vision goes beyond deploying electric vehicles. We are building a decentralised last-mile mobility ecosystem that empowers local operators, expands access to clean transportation, creates green jobs, and drives sustainable economic participation across communities."
Benefits of Electric Tricycles
Qoray's electric tricycles provide an alternative to conventional fuel-powered transport by significantly reducing fuel dependency and lowering operating costs for riders and fleet operators. Through its financing-enabled operating model, the company aims to lower entry barriers for transport entrepreneurs while enabling faster fleet expansion and infrastructure deployment.
The company is also assembling its electric vehicles locally in Nigeria, a strategy aimed at deepening local technical capabilities, supporting industrial development, and creating specialised skills across the electric mobility value chain.
Economic and Social Impact
Beyond commercial returns, the DODO model is expected to create broader economic and social impact by supporting local entrepreneurship, improving rider income stability through lower operating costs, and expanding access to cleaner transportation alternatives. By decentralising fleet ownership, the company believes more economic value can be retained within local communities while accelerating grassroots adoption of electric mobility.
The initiative reflects a broader shift toward decentralised transportation and energy infrastructure models capable of supporting Africa's rapidly urbanising population and growing demand for efficient last-mile mobility systems. As adoption of electric mobility accelerates globally, Qoray Mobility & Energies Limited is positioning itself at the intersection of clean transportation, decentralised infrastructure, and inclusive economic growth across Africa.
