Qoray Mobility and Energies

What Qoray Mobility and Energies does

Qoray Mobility and Energies Limited (QMEL) is a Nigerian integrated clean energy and sustainable mobility company founded in 2022 and headquartered in Lagos. The company sells two-, three-, and four-wheeled electric vehicles — including locally assembled electric tricycles — alongside EV charging infrastructure (AC and DC fast chargers) built for African road conditions. It separately installs and finances solar and hybrid renewable energy systems for homes, businesses, and healthcare facilities through its Imperium sub-brand, with over 5MW of solar projects deployed and 7MWh+ of decentralized systems installed cumulatively.

The business operates across three interlocking verticals: Electric Mobility (light EVs on myqoray.com and four-wheeled EVs on qoraymobility.com plus a network of 11 AC/DC charging stations); Renewable Energy (Imperium solar/inverter solutions and project financing); and Travel and Logistics (Torrista travel platform, Thrupas first/last-mile delivery, and CabZero EV-based fleet and ride-hailing management). Revenue is generated through hardware sales of EVs and solar systems, usage-based fees at charging stations, transaction-based travel commissions, managed fleet-electrification services, and professional fees on sustainability financing arrangements that have mobilized over ₦20 billion in clean energy assets alongside partners Sterling Bank, The Alternative Bank, and the Development Bank of Nigeria.

Qoray reaches customers through enterprise fleet sales targeting corporates, logistics firms, ride-hailing operators, and government; OEM supply contracts with Chinese manufacturers and local assembly partnerships; consumer e-commerce storefronts; financial-institution channel partners; and event-led awareness (e.g., Torrista launched at the 2nd World Tourism event; Guinness World Record set by the Qoray Keke electric tricycle in February 2025). Strategically, the company is in a clear scale-up phase — scaling tricycle assembly from 120 units in 2024 to 2,000 in 2025, expanding charging from a single station to 11 chargers nationwide, delivering 200 EVs to a flagship ride-hailing operator, and signaling broader West African ambitions beyond its current Nigerian footprint.

Name

Qoray Mobility and Energies

Legal name

Qoray Mobility and Energies Limited

Website

https://qoray.co

Company type

Private

Founded year

2022

Operating status

Operating

Headcount range

11–50 employees

Short description

Qoray Mobility and Energies is a Nigerian integrated clean energy and mobility company that sells locally assembled electric two-, three-, and four-wheelers, operates EV charging infrastructure, installs solar and hybrid energy systems, and runs integrated travel, logistics, and fleet-management platforms across Nigerian and West African markets.

Ownership category

akta.pro rank

Product category

Electric Vehicles and Clean Energy

NAICS

Motor Vehicle Electrical and Electronic Equipment Manufacturing (33632), Motor Vehicle Electrical and Electronic Equipment Manufacturing (336320), Taxi and Limousine Service (4853), Electric Power Generation (22111), Electric Power Generation, Transmission and Distribution (2211)

SIC

Motorcycles, Bicycles & Parts (3751), Services-Auto Rental & Leasing (No Drivers) (7510), Electric, Gas & Sanitary Services (4900), Cogeneration Services & Small Power Producers (4991)

akta.pro primary industry

EV Fleet Management & Charging Solutions (THADAKAJ)

akta.pro secondary industries

Charging Systems & Swappable Battery Infrastructure Manufacturing (IMACAOAF), EV Charging Network Management & Software Services (CPMS, Monitoring, Billing) (TLAKAMAG), EV Ride-Hailing / Chauffeur Services (EV-Only Fleets) (THADANAG), E-Mobility Chargers & Charging Docks (Consumer) (CRACASAJ)

Keywords

• Electric vehicle manufacturing
• EV charging infrastructure
• Solar energy systems
• Fleet electrification services
• Clean energy solutions

Headquarters

HQ city

Lagos

HQ country

Nigeria

HQ region

Africa

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. Electric Vehicle Sales: Sale of two, three, and four-wheeled electric vehicles including electric tricycles (keke), cars, sedans, SUVs, and buses. Revenue generated through direct sales to fleet operators, ride-hailing services, and individual consumers.
2. Solar and Renewable Energy Systems: Installation and financing of solar and hybrid energy systems for homes, businesses, healthcare facilities, and transport infrastructure. Includes over 5MW of deployed solar projects.
3. EV Charging Infrastructure Services: Operation of charging stations including AC and DC fast chargers across strategic locations in Nigeria. Revenue from charging fees.
4. Travel and Tourism Platform: Torrista travel platform offering curated travel experiences, sustainable heritage tours, and hospitality services with flexible financing options.
5. Fleet Electrification Services: Full-service ecosystem for transitioning corporate and logistics fleets to electric vehicles, including charging infrastructure and maintenance.
6. Sustainability Financing: Financing solutions for clean energy assets and EV procurement, mobilized over ₦20 billion in clean energy assets through partnerships with financial institutions.

Go-to-market motion3 records

Distribution channels6 records

Marketing channels8 records

Core offering

Qoray Mobility and Energies designs, locally assembles, and sells electric vehicles (two-, three-, and four-wheeled including tricycles, sedans, SUVs, and buses), operates EV charging infrastructure (AC and DC fast chargers), and installs solar and hybrid renewable energy systems for residential, commercial, healthcare, and transport use. The company also operates the Torrista travel platform, Thrupas first/last-mile logistics service, and CabZero fleet management platform as part of an integrated clean mobility and energy ecosystem targeting the Nigerian market.

Product overview

Qoray Mobility and Energies Limited operates as an integrated clean energy and mobility ecosystem with three core business segments: Electric Mobility, Renewable Energy, and Tourism/Logistics. The Electric Mobility division encompasses Light EVs (two and three-wheeled vehicles), 4-Wheeled EVs, and EV charging infrastructure. The Renewable Energy segment provides solar and hybrid systems through products like Imperium. The Tourism and Logistics division includes Torrista (travel booking), Thrupas (logistics), and CabZero (fleet management). Products operate as a unified ecosystem where EVs are powered by renewable energy solutions while logistics and travel platforms benefit from integrated payments infrastructure.

Differentiator

Problem solved

Functional benefit

Brands

• CabZero: Electric vehicle-based ride-hailing service fleet management platform.
• Imperium
• Torrista
• Thrupas

Products and services

• Electric Mobility - Light EVs Two- and three-wheeled electric vehicles built for endurance, agility, and the demands of African roads, combining efficiency, performance, and affordability for urban and rural transportation.
• 4-Wheeled Electric Vehicles Wide range of affordable electric cars including stylish sedans, sporty coupes, rugged SUVs, and high-capacity buses for sustainable personal and public transportation, sold through the qoraymobility.com storefront.
• EV Charging Infrastructure Network of AC and DC charging stations for electric vehicles, including Nigeria's first commercial EV charging station and first DC fast-charging station, generating revenue from usage-based charging fees.
• Imperium Renewable Energy Systems Inverter and home/small business solar energy solution providing clean, stable power for residential and commercial customers, including installation and maintenance of solar and hybrid systems customized to client needs.
• Torrista Travel and Hospitality Platform Travel and hospitality platform that curates exceptional travel experiences with flexible financing options, partnering with spas, tour companies, and travel agencies to deliver sustainable heritage tours and wellness experiences.
• Thrupas Logistics Service First and last-mile logistics solutions powered by the electric vehicle fleet, ensuring efficient and sustainable delivery services for individuals and SMB logistics customers.
• CabZero Fleet Management Platform Electric vehicle fleet management platform enabling streamlined fleet scheduling for corporate commutes and ride-hailing operations.
• Sustainability Financing Solutions Financing solutions for clean energy assets and EV procurement facilitated through partnerships with financial institutions, having mobilized over ₦20 billion in clean energy assets across Nigeria.

Quantifiable outcome

• Deployed over 2,150 electric vehicles across Nigeria
• +6 more outcomes

Named customers4 records

Segments5 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

Three partnerships are on record, tiered core and major.

• Leading Chinese OEMscoreStrategic or Co-development Partner · 1 January 2023Sales contracts signed with leading Chinese OEMs for electric vehicle supply, enabling market entry and product portfolio expansion for Nigerian market.
• Corporate PartnersmajorStrategic or Co-development PartnerCorporate partnerships for fleet electrification, logistics collaboration, and sustainable business operations.
• Solar Energy Vendors and FinancierscoreStrategic or Co-development PartnerPartnerships with solar energy vendors and financiers established in 2022 to boost renewable energy financing and deployment.

Scale indicators11 records

Recent moves10 records

Expansion highlights6 records

Regional players

• BasiGo: Kenyan electric bus manufacturer and operator deploying pay-as-you-go e-buses for public transit. Comparable as an African EV operator integrating vehicles, charging, and financing, though focused on buses rather than light EVs.
• Roam (formerly Opibus): Kenyan company that designs, manufactures, and converts electric motorcycles, buses, and trucks for African markets. Comparable as an African EV manufacturer and electrification services provider with local assembly capability.
• SolarTaxi: Ghanaian EV ride-hailing and leasing company operating electric cars. Comparable as a sub-Saharan African EV-as-a-service operator, though focused on 4-wheeled vehicles rather than tricycles.
• Ampersand: East African (Rwanda/Kenya) electric motorcycle taxi operator with battery-swap network. Comparable as an African e-mobility infrastructure + vehicle platform targeting ride-hailing fleets, though geographically concentrated in East Africa.

Emerging players

• Zola Electric: Off-grid and weak-grid solar + storage provider operating across sub-Saharan Africa. Comparable as a distributed solar + battery solutions provider targeting similar residential and commercial reliability-of-power pain points that Imperium addresses in Nigeria.

Direct peers

• Kofa: Ghana-based EV charging network with battery-swap stations. Closely comparable business model (EV charging infrastructure backbone for African 2-wheeler mobility) targeting the same West African customer profile as Qoray.
• Gokada: Nigerian delivery and ride-hailing platform that has pivoted to electric motorcycles. Comparable as a Lagos-based on-demand mobility operator targeting fleet electrification in the same regulatory and macro environment as Qoray.
• Spiro: Pan-African electric motorcycle ride-hailing operator (formerly MAX) active in Nigeria, Kenya, and Uganda with battery-swap infrastructure. Directly comparable as it competes for the same Nigerian e-tricycle and ride-hailing fleet customers and shares the electric 2/3-wheeler + battery swap thesis.

Broad incumbents

• d.light: Global solar energy company with deep African footprint providing pay-as-you-go solar home systems. Comparable as an established off-grid solar competitor to Imperium in the same customer segment across multiple African markets.
• M-KOPA: Largest pay-as-you-go solar home system provider in East Africa with millions of customers. Comparable as a scaled African distributed energy + asset financing company and a potential ecosystem partner or competitor in the off-grid solar segment where Imperium operates.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/qoraymobility
• YouTubeyoutube.com/@QorayMobility
• LinkedInlinkedin.com/company/qmel
• Instagraminstagram.com/qoraymobility

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Funding overview

Funding rounds

Investors

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 Qoray Mobility and Energies