By Ghazali Ibrahim
Nigerian automotive company Hybrid Motors has secured approximately $95 million in investment commitments to support the development of electric vehicle (EV) manufacturing facilities and charging infrastructure across the country, marking a significant boost for Nigeria’s growing clean mobility sector.
The company, founded by Nigerian automobile executive and entrepreneur Jubril Arogundade, said the funding will be deployed toward the establishment of EV manufacturing plants in Lagos and Abuja as well as the rollout of a large-scale charging network designed to accelerate the adoption of electric vehicles in Nigeria.
Hybrid Motors, which was launched earlier this year, is positioning itself as a major player in Nigeria’s transition toward cleaner transportation by focusing on hybrid, compressed natural gas (CNG) and fully electric vehicles.
The company has identified EV charging infrastructure as one of the critical gaps hindering wider adoption of electric vehicles in the country.
According to details released by the company, the investment will support plans to deploy 114 fast-charging stations across Lagos and Abuja over the next four years. The network is expected to provide 2,736 fast-charging points capable of serving thousands of vehicles daily, significantly expanding Nigeria’s still-emerging EV charging ecosystem.
The development comes after Hybrid Motors entered into a strategic partnership with Shanghai-based automotive firm Launch Design to establish EV manufacturing facilities in Nigeria.
The planned factories are expected to produce electric vehicles under the company’s proposed Acely brand and contribute to local automotive manufacturing capacity.
Arogundade, who previously served as an executive director at CIG Motors and is widely known in Nigeria’s automotive industry as “Jubril of Lagos,” launched Hybrid Motors Nigeria in February with a vision of building a nationwide network for vehicle sales, assembly, financing, leasing and after-sales support.
In announcing the company earlier this year, Arogundade said Hybrid Motors would focus on local assembly of hybrid and electric vehicles, spare-parts distribution, training centres and EV charging systems as part of efforts to create a comprehensive mobility ecosystem.
Industry analysts say the latest investment commitment reflects growing investor interest in Nigeria’s electric mobility sector as motorists increasingly seek alternatives to rising fuel costs.
If fully implemented, the project could become one of the largest private-sector investments in Nigeria’s EV infrastructure space.
