In a courageous step that is supposed to revolutionize the Nigeria transport landscape, Foltï Technologies Limited Edryv launched an innovative hail service that is powered by electric vehicles (EVS) and 95% green energy.
The service will begin on Sunday, April 13, 2025, in the Lagos Island region.
The groundbreaking project aims to provide affordable, safe and environmentally friendly means of transport and at the same time tackle the power and environmental pollution challenges in Nigeria.
Speak during the start, director and founder of Fololtï Technologies,
Ahmad Damcida described EDRYV as a “transport-as-a-service”-which offers a sustainable alternative to the conventional transport systems of Nigeria.
The service uses electric vehicles that are generated with electricity from solar collectors and battery storage systems generated in their own house.
“There is a general conviction that Nigeria has no electricity. That is why we have taken the matter in our hands. We create and manage our own strength – 95% of them from green sources – to charge our electric vehicles,” said Damcida. “Everything you see was designed and installed locally.”
EDRYV is not only through its green energy procurement, but also its cost efficiency. While the current market price for transport is 320 ₦ per kilometer, EDRYV offers trips with a competitive discount. The drivers also earn green coins, a reward system that further reduces the fare for every kilometer that drives in a zero emission vehicle.
“We want to reward commuters to choose a cleaner transport,” said Damcida. “With every trip you reduce carbon emissions and earn rewards that reduce your tariff.”
Damcida and his co-founders have spent almost two decades in the oil and gas industry and say that their decision to convert into renewable energies is deliberately and targeted.
“We understand the oil and gas business deeply, but we also recognize our responsibility for decarbonizing the environment,” he said. “Electric vehicles are cheaper, environmentally friendly and a more practical solution for Africa, in which many cars are in their second or third parties.”
In addition to recycling, Foldï Technologies is not just committed to the service. After the 7-8-year life cycle of every vehicle, the company plans to recycle its components, including the batteries, instead of passing on to consumers instead of aging vehicles.
While other attempts in the electrical transport room have undertaken, Damcida insists that EDRYV Nigeria's first really sustainable, integrated EV transport solution is.
“This is the first of its kind,” he said. “We have built up a model that is scalable and self -sufficient. We have an African vision, and this is only the beginning.”
The company plans to extend EDRYV to other cities in the coming months and has already started the process of establishing an EV assembly plant in Abeokuta in the state of Ogun. The work is supported by the National Automotive Design and Development Council (NADDC) and is expected to start with electric vehicles on site by 2026 or 2027.
According to Damcida, it would be for most Nigerians for most Nigerians for most Nigerians.
“These cars cost around 44 million ₦. This is not realistic for the average buyer. That is why we have decided to offer the vehicles instead as a service, which the load burden eliminates,” he said.
The President of the Electric Mobility Promoters Association of Nigeria (Empan), Engr Dapo Adeshina, praised the EdryV initiative and described it as a revolutionary step towards sustainable transport and work.
Adeshina called for more state support on the sidelines to scale electromobility (e-mobility) across the country.
Empan was founded in October 2024 and officially registered, which are registered until January 2025. He represents the interest groups in the growing e-mobility ecosystem Nigeria.
According to him, Edryv's model is a welcome innovation in the Nigeria transport room and offers a number of environmentally friendly services, from electrical driving behavior, leasing and rentals to infrastructure such as charging stations and solar-powered systems.
“E-mobility is more than just electric cars-es is an entire ecosystem that includes two-wheelers such as bicycles, tricycles (biscuit) and four-wheelers, which are used both commercially and privately,” he explained. “EDRYV uses this and offers users the opportunity to drive electric vehicles with a mobile app similar to Uber and Bolt, but supplied with clean energy.”
The Empan President emphasized the environmental advantages of electric vehicles (EVS) and found that their potential was reduced to reduce greenhouse gas emissions and air pollution. This is particularly important for Nigeria's advance on his nationally stipulated contributions (NDCs) and the achievement of net zero emissions by 2050.
“The transport contributes around 22 to 26 percent of carbon emissions. By relocating to EVS, we remove a huge part of it,” he said. “This also has direct health benefits – the excitement of respiratory diseases, the reduction in noise pollution and the improvement of life expectancy.”
EDRYV also includes user incentives such as “Green Coins” that can reward customers based on kilometers and can be used as discounts for future trips. The platform offers telematic functions – technologies that combine telecommunications and computer science – to monitor the driver and driver behavior, optimize the vehicle performance and to improve the user experience.
The EDRYV system runs mostly with solar energy with a 460 kWh battery storage system that is operated by solar modules on the roof. “You only need an hour of public streams a day,” remarked the head of the Empan. “It is a massive investment and a model of energy efficiency.”
The hub includes a charging station with eight ports with a capacity of 30 kW each and adaptable charging heads to absorb different EV models-and alleviate the concern for users.
Beyond sustainability, Empan believes that e-mobility offers great economic potential. From the compilation of EVS on site to battery swap technologies and hagel services, the ecosystem could generate considerable employment and promote tech transfer.
“The sector opens doors for training, innovation and entrepreneurship,” said the president. “More people learn telematics, develop mobility apps and the establishment of assembly plants.”
However, he found that affordability remains a challenge. Although the EV driving tariffs are currently lower than conventional alternatives to fuel base-z.
Empan asked the Federal Government to further support the industry by eliminating import duties to electric vehicles, optimizing port sharing processes and simplifying the documentation. “The delay in deletion imported EVS adds unnecessary costs and discourages the investors,” he complained, quoting a personal experience in which Imported EVS took four months until he moved from Lagos to Abuja.
He also asked the banking and financial sector to provide tailor -made loans and loans for EV drivers and startups in the room. “The drivers want to own these cars. With the right financing structure, they can,” he said, named Sterling Bank as one of the few institutions that are promising in EV financing.
In the debate between electric vehicles and compressed natural gas (CNG), the President of Empan kept a permanent attitude. “I am an advocate of electric vehicles. While CNG is cleaner than petrol and plenty of petrol in Nigeria, EVS offer almost zero emissions, better energy efficiency and increased security.”
He rejected security concerns regarding the EVS and assured the public that the batteries are locked and waterproof. “Just like a telephone can survive water pollution, an ev. This is also global technologies.”
With the support of the government, the better financing options and more awareness, Empan believes that Nigeria is well positioned to lead the EV revolution in Africa. “This is not just about transport – it's about a better quality of life, cleaner air, more jobs and a sustainable future,” concluded the president.
Head of Operation and Maintenance at EDRYV, Emmanuel Anagbe, announced that the company currently operates two models of electric vehicles: the Dayun SUV and the Dayun MPV.
According to him, the Dayun MPV has a travel breakdown of 450 kilometers and is powered by a battery of 72.27 kilowatt hours. The Dayun SUV, on the other hand, has a travel area of approx. 330 kilometers, which is powered by a battery of 36.6 kilowatt hours.
“Our services are based on the concept of transport as a service,” he said. “This includes driving supply, vehicle rents and company services. Organizations can either rent our EVs or integrate them into their corporate transport requirements.”
The operation of Edryv is currently concentrating on Lagos Island and the mainland, where it operates its pilot phase to collect feedback, test infrastructure and to better understand the local market.
Anagbe described the pilot phase as crucial for the introduction of electric vehicle technology in the Nigerian transport ecosystem.
“This is our first trip to the EV room, and electromobility is still a new concept in our region,” he said. “We use the pilot to understand terrain, to engage the public and optimize our service provision.”
After the pilot phase, EDRYV strives to start its complete commercial operation with over 231 electric vehicles and three charging stations in Lagos.
The company currently has a fully functional charging center in its main office in Agary, Victoria Island, and there will be plans for additional stations on the mainland (along Farmstrasse) and between Marina and Ajapa.
Emmanuel confirmed that the vehicles are not for sale that individuals and organizations can access them through the transport services of EDRIVE. “We don't sell the vehicles,” he emphasized. “This is strict transport as a service.”
With regard to the expansion, the company projects, which have set up a loading facility on the Lagos festival country within six months of up to one year and have expanded its range further into the city.
Edryv's entry into the Lagos transport scene is a considerable step towards sustainable urban mobility, since Nigeria examines alternatives to fossil fuels in view of the increasing fuel costs and environmental problems.
With a future -oriented mission to redefine mobility in Africa, EDRYV from Fololt Technologies could be a turning point for the transition of the continent to clean, accessible transport.