Egoras Technology – Tech | Business | Economy https://techeconomy.ng Tech | Business | Economy Sat, 16 Mar 2024 07:36:13 +0000 en-GB hourly 1 https://wordpress.org/?v=7.0 https://techeconomy.ng/wp-content/uploads/2025/06/cropped-256Px-32x32.png Egoras Technology – Tech | Business | Economy https://techeconomy.ng 32 32 Nigerian Startup Egoras Deepens EV Adoption with Blockchain-powered Charging Station https://techeconomy.ng/nigerian-startup-egoras-deepens-ev-adoption-with-blockchain-powered-charging-station/ https://techeconomy.ng/nigerian-startup-egoras-deepens-ev-adoption-with-blockchain-powered-charging-station/#respond Sat, 16 Mar 2024 07:36:13 +0000 https://techeconomy.ng/?p=127305 Nigerian energy startup Egoras Technology is gearing up to launch “Egostation,” a revolutionary electric vehicle charging station powered by blockchain technology.

Scheduled for debut on June 8th in Port Harcourt, Nigeria, Egostation is designed to reshape the future of sustainable transportation in the region.

This innovative project has been specifically designed to enhance the way people travel, with a particular emphasis on sustainability and eco-friendliness.

Powered by Egoras’ proprietary blockchain solution, Egochain, Egostation ensures enhanced transparency and incentivizes station ownership, fostering the widespread adoption of EVs across Nigeria.

Egostation’s cutting-edge Level 3 DC fast charging system enables rapid charging, with the capability to charge an electric vehicle up to 80% within just 20 minutes, making it an ideal solution for the dynamic needs of modern EV owners.

The startup revealed that Level 3 charging stations, like Egostation, are equipped with DC fast chargers. Compared to traditional Level 2 AC chargers, DC fast chargers deliver significantly faster charging times.

This is because DC chargers bypass the car’s onboard AC/DC converter, delivering direct current to the battery for a more efficient and rapid charging process.

As Egoras continues to pave the way for sustainable transportation solutions, the company invites partners to join in establishing charging stations nationwide.

“We are excited to introduce Egostation as a game-changer in EV charging technology,” said the Chief Executive Officer at Egoras, Ugo Harry.

“By leveraging the power of blockchain through our proprietary Egochain, we are not only revolutionizing the EV charging experience but also incentivizing the widespread adoption of electric vehicles across the country.”

He explained that Egoras’ commitment to sustainability extends beyond its charging stations.

“Our fleet of electric vehicles and charging station terminals will be seamlessly integrated into the Egochain, ensuring enhanced security, transparency, and efficiency,” Harry stated.

Last week, the startup announced plans to launch its made-in-Nigeria electric vehicle, APEX 28, in April.

The firm is committed to transitioning Africans from fossil fuels to sustainable energy with the APEX 28 EV.

The electric vehicle, manufactured at Egoras’ factory in Port Harcourt, Nigeria, represented a significant step forward to revolutionise and promote clean energy within the transport sector.

On potential partnerships, the CEO said that as it continues to pioneer advancements in the EV sector, partners are encouraged to seize the opportunity to establish charging stations nationwide, contributing to the expansion of Nigeria’s EV infrastructure.

He further explained that it will leverage Egoras’ cutting-edge Egochain technology to incentivize station ownership and foster the expansion of the Egostation network.

As more vehicles utilize Egostations for charging, station owners earn rewards in the form of $EGAX block tokens, creating a mutually beneficial system that encourages network growth and rewards those who contribute to its success.

“The integration of Egochain technology into Egostation represents a paradigm shift in the EV charging landscape,” explained Harry.

“By incentivizing station ownership and rewarding participation, we are driving the widespread adoption of EVs while simultaneously advancing Nigeria’s EV infrastructure.”

Last year, the company launched a gas-powered tricycle known as the Egoras Dual-Fuel Tricycle.

The tricycle offered a cost-effective solution for both urban and rural areas, while also contributing to a greener environment.

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Egoras Technology Introduces Eco-Friendly Tricycle https://techeconomy.ng/egoras-technology-introduces-eco-friendly-tricycle/ https://techeconomy.ng/egoras-technology-introduces-eco-friendly-tricycle/#respond Thu, 28 Dec 2023 09:54:22 +0000 https://techeconomy.ng/?p=121447 Egoras Technology, a sustainable transportation solutions firm, has launched a gas-powered tricycle, Egoras Dual-Fuel Tricycle.

The Chief Executive Officer of Egoras Technology, Ugoji Harry, said in a statement that the tricycle was designed to address the challenges posed by the recent subsidy removal.

He noted that the tricycle offered a cost-effective solution for both urban and rural areas, while also contributing to a greener environment.

According to Harry, the dual-fuel tricycle runs seamlessly on both petrol and liquid purified gas, presenting a versatile and eco-friendly alternative for commuters.

He added that in addition to its dual-fuel capabilities, the Egoras Dual-Fuel Tricycle boasts a user-friendly design, facilitating easy maintenance for operators.

According to the CEO of Egoras Technology, the tricycle, which is currently used in some states in the North, South, and South stands out as a reliable and powerful vehicle, boasting impressive technical specifications.

Constructed with high-quality materials such as aluminium, steel, and carbon fibre, the tricycle ensures durability and reliability in various terrains.

“With a robust 10 horsepower engine, it delivers a combination of strength and efficiency. The tricycle’s top speed of 60kmph further underscores its capability, offering users a swift and dependable mode of transportation,” he stated.

He noted that tricycles had undergone rigorous testing to ensure safety and compliance with industry standards, assuring riders and pedestrians of a secure and efficient mode of transportation.

Harry reiterated that the firm remained dedicated to driving positive change in Nigeria’s transportation landscape, and the launch of the dual-fuel tricycle marked a significant step towards achieving this goal.

We encourage communities to embrace this sustainable and cost-effective solution, contributing to a brighter, more eco-friendly future.”

He added that the company offered fleet management to help owners manage their tricycles.

To avail themselves of this service, customers simply need to sign an agreement with the company, ensuring a hassle-free and comprehensive support system for their tricycle ownership.

“We have drivers in our fleet, who can use the tricycle to operate, the agreed funds will be remitted to owners until a certain period before ownership is transferred,” he concluded.

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