Bolt’s electric tricycles aim to lower transport costs for Lagosians

Bolt has officially launched its electric tricycles in Lagos in a bid to expand low-cost urban transport.

This move is also aimed at empowering Nigerian drivers through lower operational costs and more accessible paths to vehicle ownership, the firm stated.

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Osi Oguah, general manager, Bolt Nigeria, said, “This launch is a major step in addressing two critical challenges in Nigeria’s transport sector – driver income and commuter access.

“By introducing electric tricycles with flexible, lease-to-own options, we are helping drivers save money, own their vehicles, and build sustainable livelihoods. At the same time, we’re offering commuters, especially in underserved areas, a more affordable and accessible way to move around their city. We have an ambitious target of having 1,000 electric tricycles by the end of 2025.”

This launch marks Bolt’s latest investment in building transport solutions tailored to the realities of African cities, focusing on financial inclusion, income growth, and long-term sustainability for drivers.

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Caroline Wanjihia, Bolt’s regional director of rides operations, Africa and International Markets, added, “This initiative is about transforming how mobility works for the people who power our platform, the drivers, by giving them tools to reduce fuel spending, avoid upfront vehicle costs, and eventually own their tricycles, we’re putting more control and earning potential directly into their hands.

“Nigeria, with its vast and dynamic population, is key to our strategy of making mobility economically viable and accessible for everyone.”