Lagride, the Lagos State–backed e-hailing service, said it is targeting at least 70% of the Lagos e-hailing market as it expands its fleet with 100 new electric vehicles (EVs).
According to the company, the 100 EVs are part of the broader plans to roll out over 3,000 EVs over the next three years to support the state’s shift to cleaner and smarter mobility.
With this, the company is also hoping to snatch market share from competitors, which include Uber, Bolt, and InDrive.
According to the company, the EVs boast a range of 333 kilometers, enough to cover a round trip between Lagos and Ibadan without recharging, thus addressing the range anxiety concerns common with electric cars.
Speaking during a media briefing on the company’s fleet expansion, Lagride’s PR and Communications Lead, Ifeanyi Abraham, said the city is aligning with global hubs such as Dubai, where government-backed taxis set the pace for safety, affordability, and reliability.
“We are now moving decisively in the same direction with professional driver training, technology that serves the public, and vehicles that protect the environment,” he said.
Lagride’s Executive Director, Adeniyi Saliu, explained that the EV rollout ties directly to Lagos State’s broader economic transformation agenda.
He highlighted benefits such as reduced wait times, lower emissions, and higher reliability during peak periods.
According to him, the company’s expansion is designed to create thousands of jobs across driver training, maintenance, and fleet operations.
“What we are doing differently today is to support the new agenda of the government in transforming the entire system. Now, we are the first company in Nigeria to bring in electric vehicles for operations of this nature,” Saliu said.
“Our plan, objectively, is to take at least 70% of this market because of the scale of our investments in assets, infrastructure, and people,” he stated.
Last year, Naijaonpoint reported that the Lagos State Government signed a new joint venture partnership with CIG Motors Company Limited involving the acquisition of 5,000 brand-new vehicles for the LAGRIDE fleet.
The goal, he said, is to provide the state with an integrated urban transit system, offering a sustainable alternative to the outdated vehicles currently used for transportation.