Why VoltaEv?

Today Africa has a population of about 1 billion people with Nigerian being the largest economy with about 200 million people, this number is forecasted to grow to 1.25 billion by 2025 and to 2.4 billion in 2050. GDP of the Sub Sahara region grew at 4.7% in 2013 and six out of the ten fastest growing countries over the past decade were African. consumer spending in Africa has seen a geometric leap, and it is expected to hit $1.4 Trillion by 2020 according to the Mckinsey Global Institute.
The global middle class is expected to double in size within the next 10-15 years from today’s 2.5bn people to almost 5bn people by 2030. This growth is driven by Asia and Africa. In Nigeria, the middle class accounts for about 23% of the population according to the African Development Bank (AFDB) data, with the majority living in urban centres, particularly Lagos. With this facts and figures in mind, we see an opportunity to create our own market in an industry still in it’s forming stages as major global economies move toward cleaner and sustainable mobility. Designing and Manufacturing electric vehicles to local taste and international quality will not only be the first of its kind on the continent but will also create a ripple effect across many industries with real job opportunities and economic growth.

  • In Nigeria internet bases car sales account for 89% of all car sales (2015)
  • In 2014, automotive imports valued $48 billion and exports totaled $11 billion
  • 1:131 ratio of new cars to used in Nigeria (2017)
  • 42,510,000 vehicle in use in Africa ( OICA 2014)

Looking at these statistics and not being able to find an African brand in the automobile industry is quite disappointing. Africa has the market and the resources to compete profitably in the automobile design and manufacturing industry while creating jobs and improving the lives of its citizens. It therefore makes both moral and business sense to venture into this industry and make Africa rise from the rubbles of the Internal Combustion Engine vehicles industry with a made in Africa high end fully electric Quantum 1 EV.


Build a formidable Team
Develop 3D
Sign OEM Partnership
Get Automotive License
Get Seed Funding
Build Concept Vehicle
Unveil Prototype
Start Market Testing Start Receiving Pre-orders
Seek $500 million Investment to Build Factories
Build Charging Stations
Hire great People and start delivering Quantum 1 to customers
Receive vital feedback
Resolve production defects when discovered
Develop more EV models (Buses and Bikes)
Get quoted on the Nigeria Stock Exchange in 5years with continuous R&D into new prodcust and markey segments


VoltaEV currently seeks a seed investment of $1,000,000 to help us carry out the following;

  • Create production ready design
  • Carry out simulation of prototype design
  • Get OEM partners to suppy specified parts
  • Setup and tool factory in Nigeria
  • Assemble prototype vehicle parts in Nigeria
  • Exhibit Prototype

You can support the mission of bringing the first made in Nigeria Electric Car by donating here.

You can also email us at invest@voltaev.co