Solar Taxi Ghana

What Solar Taxi Ghana does

Solar Taxi Ghana Ltd. is a vertically integrated electric mobility company founded in 2018 and headquartered in Accra, Ghana. The company designs, assembles, finances, and services electric bikes, cars, and buses through a wholly-owned platform ecosystem comprising TruztEV (AI-powered EV e-commerce with all-in GHS pricing and integrated financing), WoteEV (fleet leasing and bike rental for delivery operations), EVCare Pro (EV maintenance and servicing), and DuciaHR (HR management SaaS). Local assembly is conducted at the Prampram manufacturing campus in Greater Accra — described as Ghana's first dedicated EV assembly facility, with 460+ EVs assembled to date — and charging is supported by proprietary solar-powered hubs that address the country's unreliable "Dumsor" electrical grid. The company's value proposition rests on a 60% reduction in per-kilometre running costs versus petrol vehicles, an 18-month or shorter payback period for typical drivers, and regulatory advantages from Ghana's import-duty waiver on locally-assembled EVs through 2032.

Solar Taxi monetises through five primary revenue streams: hardware sales and financing margins on vehicles (e.g., Arcfox Alpha T and BYD Sealion 7 listed at GHS 391,986 all-in, Truzt X Basic at GHS 187,500); recurring fleet leasing on WoteEV (GHS 400/week for the WoteEV Courier Bike); after-sales service subscriptions via EVCare Pro (GHS 650/year for cars); transaction fees on app-based mobility services (Wote Food, Wote Bus, Wote Metro); and carbon credit financing revenue under a seven-year offtake agreement with the Swedish Energy Agency and Klik Foundation targeting 60,000 EV deployments. Customer segments span individual delivery riders and ride-hail drivers (primary, lease-to-own), B2B logistics and corporate fleets (Bolt Food GH, Jumia, QuickShip GH, Accra Foods Ltd), individual car buyers via TruztEV, and public transport operators (8,000-bus offtake signed in 2024). Operations span four Ghanaian cities (Accra, Kumasi, Takoradi, Tamale) with 400+ employees and a cumulative 500+ EVs deployed.

The company raised a GHS 2.2 million seed round in 2022 led by Persistent Energy Capital, with participation from Samata ATS, Calbank, and Kumasi Hive, and is currently raising growth capital. Strategic and operational partners include Mastercard Foundation, Siemens Stiftung, Ecobank Ghana, GIZ, and Letshego for asset financing. Solar Taxi self-describes as Ghana's first and only vertically integrated EV company and the third-largest EV assembler in Africa, with reported cumulative CO2 displacement of approximately 1,200 tonnes since founding.

Name

Solar Taxi Ghana

Legal name

Solar Taxi Ghana Ltd.

Website

https://solartaxi.co

Company type

Private

Founded year

2018

Operating status

Operating

Headcount range

101–250 employees

Short description

Solar Taxi Ghana is a vertically integrated EV company that designs, assembles, finances, and services electric bikes, cars, and buses across Ghana through proprietary platforms (TruztEV, WoteEV, EVCare Pro), serving delivery riders, ride-hail drivers, corporate fleets, and public transport operators.

Ownership category

akta.pro rank

Product category

Electric Vehicles

NAICS

Motorcycle, Bicycle, and Parts Manufacturing (336991), Taxi and Limousine Service (4853)

SIC

Motorcycles, Bicycles & Parts (3751), Services-Auto Rental & Leasing (No Drivers) (7510)

akta.pro primary industry

EV Campervan / Electric RV Rentals (THADANAH)

Keywords

• Electric vehicles
• EV assembly
• Fleet leasing
• Vehicle maintenance
• Solar charging

Headquarters

HQ city

Kumasi

HQ country

Ghana

HQ region

Africa

Offices5 records

Markets served

GTM type

B2B and B2C

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales

Revenue model

1. Vehicle Sales and Financing: Solar Taxi designs, assembles, and sells electric bikes, cars, and buses through the TruztEV platform. The company also provides finance leasing and lease-to-own options where instalments are designed to stay below fuel savings, creating asset-backed receivables. Revenue is generated through the margin on vehicle sales and financing interest.
2. Fleet Leasing and Rental (WoteEV): WoteEV offers electric bike leasing for delivery riders on a weekly basis (e.g., GHS 400/week for WoteEV Courier Bike), and operates a fleet network of 300+ delivery bikes across Accra, Kumasi, and Takoradi. Rental and lease income compounds as the deployed fleet grows, building a predictable recurring base.
3. After-Sales Service (EVCare Pro): Service centres nationwide provide EV maintenance including annual service packages (e.g., GHS 650/year for cars, GHS 180 battery health check for motorbikes). Revenue is generated from service fees and parts.
4. Carbon Credit Financing: Secured carbon credit financing and offtake agreement with the Swedish Energy Agency and Klik Foundation to support deployment of 60,000 EVs over 7 years. Carbon finance provides a revenue stream tied to verified CO₂ avoidance from deployed EVs.
5. App-Based Mobility Services: Wote Bus (inter-city electric bus service), Wote Metro (intra-city electric bus service), and Wote Food (food delivery with EV fleet) generate transaction and service fees through their respective apps.

Pricing tiers

Go-to-market motion3 records

Distribution channels7 records

Marketing channels6 records

Core offering

Solar Taxi Ghana is a vertically integrated electric vehicle company that designs, assembles, finances, and services electric bikes, cars, and buses in Ghana. The company operates a multi-platform ecosystem including TruztEV (AI-powered e-commerce sales platform), WoteEV (electric bike fleet leasing), EVCare Pro (after-sales maintenance), and DuciaHR (workforce management), supported by local assembly at the Prampram manufacturing campus and proprietary solar charging hubs.

Product overview

Solar Taxi Ghana is a vertically integrated EV company that designs, assembles, finances, and services electric vehicles across three vehicle lines — E-Bikes, E-Cars, and E-Buses — supported by a platform ecosystem. The core customer-facing platforms include TruztEV (AI-powered sales and financing portal), EVCare Pro (maintenance and servicing), WoteEV (fleet leasing and bike rental), and DuciaHR (workforce management). Local assembly is conducted at the Prampram manufacturing campus in Greater Accra, and charging infrastructure is supported by proprietary solar hubs. The company also operates carbon financing arrangements secured with the Swedish Energy Agency and Klik Foundation for deployment of 60,000 EVs over 7 years.

Differentiator

Problem solved

Functional benefit

Brands

• TruztEV: AI-powered e-commerce platform for electric vehicles with all-in GHS pricing, financing options, and fleet management.
• EVCare Pro
• WoteEV
• DuciaHR
• Wote Bus
• Wote Food App
• Wote Metro
• Solar Taxi Academy

Products and services

• TruztEV Platform An AI-powered e-commerce platform enabling customers to browse, finance, and purchase electric vehicles (bikes, cars, buses) with transparent all-in GHS pricing covering import duty, VAT, registration, and delivery to Accra. Partners with financing institutions, suppliers, and after-sales workshops for a one-stop EV buying experience.
• WoteEV Bike Leasing Electric bike fleet leasing and rental service for delivery riders and corporate fleets, offering weekly lease (GHS 400/week for the WoteEV Courier Bike) with 120km range and 100kg payload. Includes real-time GPS tracking, fleet management dashboard, rider management, and live ETAs within 3 minutes.
• EVCare Pro Maintenance Service Electric vehicle maintenance and servicing platform covering cars and motorbikes, offering online booking, fault-tracking dashboard, annual service packages (GHS 650/year for cars, GHS 180 battery health check for motorbikes), and nationwide service centre coverage across four cities.
• DuciaHR Platform A Ghanaian HR management platform using a strategy-to-outcome model. Tracks employee KPIs linked to company objectives with live dashboards, AI-driven retention risk flagging, and built-in compliance with Ghanaian employment law. Now offered to external organizations.
• E-Bike (WoteEV Courier Bike)

Quantifiable outcome

• 60% lower running cost per kilometre vs petrol vehicles
• +9 more outcomes

Named customers7 records

Segments4 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability4 records

Feature6 records

Partnerships

Five partnerships are on record, tiered core and secondary.

• Bolt Food GHcoreStrategic or Co-development PartnerMajor food delivery platform partnering with Solar Taxi's WoteEV fleet network across Accra, Kumasi, and Takoradi. WoteEV provides electric delivery bikes for Bolt Food's last-mile logistics, electrifying the platform's delivery operations.
• JumiacoreStrategic or Co-development PartnerFirst commercial EV partnership in Africa (2019). Jumia partnered with Solar Taxi for electric motorbike delivery services, marking the first such commercial EV partnership on the African continent.
• GIZsecondaryStrategic or Co-development PartnerListed among trusted partner organisations. GIZ (Deutsche Gesellschaft für Internationale Zusammenarbeit) supports sustainable development projects and may be involved in clean mobility initiatives with Solar Taxi.
• TruztEV Platform Partners (Financing Institutions)secondaryChannel Partner/ Reseller/ DistributorTruztEV platform partners with financing institutions, suppliers, and after-sales workshops to deliver a one-stop e-commerce platform for EV mobility. Enables integrated financing options for buyers.
• TruztEV Platform Partners (After-Sales Workshops)secondaryChannel Partner/ Reseller/ DistributorAfter-sales workshops integrated into the TruztEV platform to deliver maintenance and service for purchased EVs, expanding service coverage beyond Solar Taxi's own 4 centres.

Scale indicators12 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• BYD: BYD is the world's largest EV and battery manufacturer and a global incumbent across electric cars, buses, and trucks. BYD is both a supplier (Solar Taxi distributes the BYD Sealion 7) and a broad incumbent defining the global EV competitive landscape in which Solar Taxi operates.
• Arcfox (BAIC): Arcfox is the premium EV brand of Chinese state-owned automaker BAIC, manufacturing electric passenger vehicles globally. Arcfox is a supplier to Solar Taxi (the Arcfox Alpha T is a featured vehicle on TruztEV) and a broad incumbent whose product positioning overlaps with Solar Taxi's premium car offering.
• Tesla: Tesla is the global EV market leader, setting benchmarks for EV pricing, charging networks, and software-defined vehicles. It is not a direct competitor in Ghana but defines the competitive reference point for Solar Taxi's car products like the Arcfox Alpha T and BYD Sealion 7 listed on TruztEV.

Direct peers

• BasiGo: BasiGo is a Kenyan electric bus company deploying e-buses and charging infrastructure to public transport operators on pay-as-you-drive financing. Directly comparable to Solar Taxi's Wote Bus / Wote Metro e-bus deployment and its 8,000-bus offtake agreement in Ghana.
• Ampersand: Ampersand is an East African electric motorcycle taxi company operating primarily in Rwanda and Kenya, providing e-bikes with battery-swapping infrastructure to taxi and delivery riders. Highly comparable to Solar Taxi's WoteEV e-bike leasing business and its focus on the African gig-economy rider segment.
• Opibus: Opibus is a Kenya-based EV technology company focused on electrifying African transport through local assembly and ICE-to-EV conversions. Comparable to Solar Taxi's local EV assembly operations and its vertically integrated approach to building African EV capacity.
• Spiro: Spiro operates electric motorcycle leasing and battery-swapping networks across multiple African countries including Kenya, Uganda, Nigeria, and Rwanda. It is a direct peer to Solar Taxi Ghana's WoteEV platform, offering electric two-wheelers to delivery riders and gig workers with a similar lease-to-own / battery-swap model.
• Roam: Roam is a Kenyan EV company locally designing and manufacturing electric motorcycles and buses for African markets. Comparable to Solar Taxi's Prampram assembly facility and its delivery-bike and e-bus product lines, with a similar focus on African-designed and assembled EVs.
• MAX (Metro Africa Xpress): MAX is a Nigerian mobility and logistics company operating electric motorcycles and vehicles for ride-hailing and delivery, with in-house financing and charging. It mirrors Solar Taxi's vertically integrated EV-plus-financing model and serves similar delivery-rider and ride-hail driver segments in West Africa.

Regional players

• Yulu: Yulu is an Indian shared electric mobility company operating electric two-wheelers for delivery and urban mobility with battery swapping. Comparable business model to WoteEV, but serves a different geography (India) and is therefore a regional rather than direct peer.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks7 records

Key highlights7 records

Customer concentration

• Xx.com/SolarTaxiGh
• Facebookfacebook.com/SolarTaxiGh

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Subsidiaries4 records

Funding overview

Funding rounds1 record

Investors3 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Solar Taxi Ghana