Nigeria’s food system is undergoing a green transformation as agritech startup BevAgro introduces electric vehicles (EVs), solar-powered battery swap hubs, and pay-as-you-go financing to tackle one of the nation’s biggest agricultural challenges — food loss.
According to the World Bank, Nigeria loses over $7 billion worth of food annually before it reaches consumers, due to poor logistics, high fuel costs, and a lack of affordable transport. BevAgro is addressing this by creating a clean, cost-effective mobility solution that empowers farmers, traders, and delivery operators.
“We turn food losses into profits by powering farmers, traders, and delivery riders with EVs financed seamlessly through every battery swap,” said Ashaolu, Chief Operating Officer of BevAgro.
The company’s model, known as the “Agri-to-City Mobility Grid,” connects rural farms to city markets using electric three-wheelers, cargo vans, and e-bikes. Over 150 EVs are already operational along key agricultural routes, supported by solar-powered hubs that enable quick battery swaps — cutting fuel costs and eliminating downtime.
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Farmers and traders adopting BevAgro’s solution report lower transport costs, faster deliveries, and fresher produce reaching urban markets. “We’ve seen spoilage drop significantly,” said a market trader in Oyo State. “With BevAgro’s EVs, I now spend less and sell more. It’s changing how we do business.”
To scale its operations, BevAgro recently secured a $1.7 million grant from a leading Development Finance Institution (DFI) and an additional $1.4 million loan from a local commercial bank to expand its solar swap hubs and smart-financing pool.
BevAgro’s proprietary platform integrates IoT-enabled batteries, smart repayment systems, and real-time data analytics to create a transparent, bankable ecosystem. Each battery swap triggers a micro-repayment, allowing users to gradually own their vehicles while maintaining cash flow.
“This is more than transportation; it’s transformation,” Ashaolu added. “Every swap, every kilometre, every farmer we empower moves us closer to a cleaner, more profitable food system.”
By replacing petrol-powered logistics with solar-driven mobility, BevAgro’s business model is turning waste into wealth, emissions into savings, and mobility into opportunity. Each swap hub is projected to reach profitability within 30 months, sustained by recurring energy revenue and predictable repayments.
“Our mission is simple,” Ashaolu said. “Feed families, power livelihoods, and protect the planet — one electric mile at a time.”
