Oando Plans to Launch Electric Ride-Hailing Initiative in Second Half

Oando, a Nigerian energy company listed in Lagos and Johannesburg, has said it will launch a pilot for its electric ride-hailing initiative as part of its broader clean energy strategy.

The company said on Friday that grid-based charging for the electric bus fleet remained fully operational, facilitating over 113,000 commuter rides during the first half of the year.

“The electric ride-hailing initiative also advanced, with ongoing collaboration with vehicle manufacturers and the Lagos State Government to support a pilot launch in H2 2025,” it said in an earnings release.

Oando said preparations for its 1.2 gigawatts solar module assembly plant progressed, with land secured and project structuring completed to support imminent fundraising.

“The PET recycling project also gained momentum, with a site secured and construction of the planned 2,750 tons/month facility targeted for Q4 2026,” it said.