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Cryptocurrency News Articles

MAX and PASH Global Invest $10 Million in Expanding Nigeria's Electric Vehicle Infrastructure

Oct 24, 2024 at 03:08 am

This collaboration aims to develop a widespread network of EV charging stations across urban centers, accelerating Nigeria's transition to clean

MAX and PASH Global Invest $10 Million in Expanding Nigeria's Electric Vehicle Infrastructure

Mobility and electric vehicle platform MAX has secured $10 million from PASH Global, a renewable energy and impact investment firm, to expand Nigeria’s electric vehicle (EV) infrastructure.

This collaboration will see the development of a widespread network of EV charging stations in urban centers across Nigeria, accelerating the country’s transition to clean and sustainable mobility.

The initiative will support the adoption of electric motorcycles, three-wheelers, and cars, ultimately addressing transportation challenges and driving greener and more inclusive urban mobility solutions in Nigeria.

“This partnership with PASH Global represents a monumental step forward in our mission to decarbonize Africa’s transportation sector. By building the infrastructure needed to support electric vehicles, we are not only making it easier for drivers to transition to cleaner options, but we are also helping reduce the continent’s reliance on fossil fuels. Together, we are enabling safer, more affordable, and sustainable transportation for millions of people across Nigeria,” said Adetayo Bamiduro, CEO and Co-Founder of MAX.

PASH Global, leveraging its renewable energy expertise, will finance and implement clean energy solutions to power MAX’s EV fleet and charging infrastructure.

This partnership aligns with Nigeria’s goals of reducing carbon emissions, boosting energy independence, and driving sustainable economic growth.

“We are excited to partner with MAX, a company that is leading the charge in transforming Africa’s transportation landscape. By combining our renewable energy and EV Infrastructure expertise with MAX’s innovative mobility solutions, we are creating a blueprint for clean mobility in Nigeria and setting a powerful example for the rest of the continent,” added Kofi Owusu-Bempah, CEO and Managing Partner of PASH Global.

This partnership highlights MAX’s dedication to job creation and economic empowerment, as the development of EV infrastructure will generate jobs in construction, maintenance, and operations.

It also strengthens Nigeria’s position as a leader in sustainable transportation and clean energy. Together, MAX and PASH Global are committed to improving urban mobility, reducing pollution, and creating lasting economic value for communities across Nigeria.

News source:disruptafrica.com

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Other articles published on Nov 23, 2024