Qoray Mobility & Energies Limited has launched its Dealer-Owned, Dealer-Operated (DODO) model, a scalable electric mobility initiative designed to accelerate clean last-mile transportation adoption while enabling local entrepreneurs to build infrastructure-backed mobility businesses across Nigeria.
The model allows independent dealers to own and operate electric tricycle fleets within their territories while leveraging Qoray’s integrated mobility platform, battery swap infrastructure, operational systems, and technology support.
Under the structure, dealers make an upfront equity contribution of approximately ₦50 million to gain access to a financed mobility ecosystem with an estimated asset profile of about ₦177 million, including electric tricycles and supporting infrastructure. The balance of the infrastructure financing is provided through a bank-backed facility structured over a two year period and repaid through daily operational activity.
Unlike traditional dealership systems that focus primarily on product distribution, Qoray’s DODO model is designed as a long-term operational ecosystem that enables dealers to build recurring cashflow businesses through last-mile transportation and energy infrastructure operations.
