Volta EV is in the business of designing and manufacturing electric vehicles starting with a focus on the Nigerian market. As Nigerians ourselves, we have grown with a pessimistic mindset that cars cannot be profitably made in Nigeria due to the many many challenges which are not hard to see. As a result, more than 87% of fossil cars driven in Nigeria are second hand.
Our market entry strategy is to create our flagship EV, Quantum 1 which is a middle class saloon car meeting a cross-section of the average automobile customers and the growing middle class in the major cities in Nigeria, through strategic partnership with OEM's while we work towards our longterm goal of sourcing 100% locally and exporting across Africa. We will also deploy charging stations at strategic locations where we charge a token for charging.
Volta EV doesn't only want Nigerians to be able to afford brand new car made in Nigeria we also want to be sustainable about it. more