Swap Energies Bags Seed Funding to Electrify Nigeria

🛺 Swap It!

• Swap Energies converts petrol minibuses and tricycles into electric vehicles in Nigeria.

• And now, they’ve just closed an undisclosed seed round to grow their operations.

• Investor check. The Catalyst Fund.

---

⚡️ Petrol to Power

• Transport is responsible for roughly 24 percent of global energy-related CO₂ emissions, according to the International Energy Agency.

• Meanwhile, fuel costs and long charging times often stop commercial drivers from going electric.

• Swap fixes this by letting drivers trade empty batteries for full ones in minutes.

---

🛠️ The Tech

• Their platform uses data to track battery health across their station network. This setup helps manage logistics and ensures batteries at their destinated EV stations are ready when drivers arrive.

• Today, they've completed 50,000 total swaps for 400 vehicles.

---

🇳🇬 What’s Next?

• The cash will go toward building more battery-swapping stations across Nigeria.

• The goal is to support the country's shift toward electric transport through practical, local infrastructure.