CT0040: …Swap – the Startup Electrifying Nigeria’s Transportation Sector
Would you be willing to switch to electric transportation, which costs 25-30% less than fuel and produces zero carbon emissions? Better climate action at a cheaper cost.
On this episode, our guest, Seyifunmi Oguntade, the Founder/ CEO of Swap Energies, took us on a thrilling adventure on how he and his team convert already existing internal combustion engines to electric energy, and its climate implications (as approximately 5 million keke [tricycle] operate each day, causing excessive carbon emission per day).
Seyi talked about innovation (8:01) and creativity, and how the main drive should be towards combining profitability and positive impact on the environment.
He further expressed that Nigeria (16:10) can only be built by Nigerians themselves, and the government is a reflection of the people at large. To have a good government, we start by having good people.
As an entrepreneur, our guest suggests (26:35) that you have something to show when applying for grants or financing. This will help to ensure your success because investors want to see evidence that you are not just a business idea but a successful innovation.
On this episode, you will learn about:
1. Fossil fuel usage in Nigeria is gradually phasing out.
2. Electric Vehicle (EV) is the future, and the Nigerian market will slowly transition.
3. The Nigerian transport market is highly gatekept by traditional fossil fuel players, making the barrier to entry even harder for EV technology.
Listen and get the full gist. Happy listening.
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Mentions:
About the Swap Energies Platform: https://www.linkedin.com/company/swapenergies/about/
Guest’s Social Media (LinkedIn): https://www.linkedin.com/in/seyi-oguntunde-98302449/
Episode Credits:Episode Host: Seyifunmi Adebote (https://www.linkedin.com/in/adebotes/)Episode Producers: Nkem Creatives (https://x.com/nkemcreatives)
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