Lagride, the e-hailing firm supported by Lagos State, announced plans to capture at least 70% of the local ride-hailing market by boosting its fleet with 100 new electric vehicles (EVs). The main purpose for this addition is to deploy over 3,000 EVs across the next three years, aligning with Lagos’ drive toward greener, more efficient transportation.
The company aims to gain ground against rivals such as Uber, Bolt, and InDrive through this expansion.
The newly acquired vehicles offer a range of 333 kilometers, enough to comfortably cover a round trip between Lagos and Ibadan without recharging.
Lagride’s PR and Communications Lead, Ifeanyi Abraham, stated that the goal of the company is to transform the state’s mobility industry towards modern urban transit hubs like Dubai.
He added that the vehicles were carefully selected to meet Lagos’ heavy transport demands, supported by dependable charging infrastructure for longer journeys. Riders will soon be able to choose between petrol and electric vehicles through an updated mobile app.
Meanwhile, Lagride’s Executive Director, Adeniyi Saliu, revealed that the company’s growth will create thousands of new jobs in driver training, vehicle upkeep, and fleet management.
Drivers will benefit from flexible ownership options spanning 18 months to four years, aimed at enhancing earnings and livelihoods. The company targets growing its fleet to 5,000 vehicles in three years, with more than 3,000 being electric, in order slash petrol dependence, cut running costs, and boost driver income.
Last year, Lagos State entered a joint venture with CIG Motors Company Limited to procure 5,000 new vehicles for the Lagride fleet, including 1,000 electric cars. Governor Babajide Sanwo-Olu described this project as part of his administration’s scheme to modernize public transportation with an integrated, sustainable system that replaces outdated vehicles.
