QORAY Mobility & Energies Ltd, a Nigerian clean energy and sustainable mobility company, formally introduced its founding Executive Leadership Team on July 3, 2026.
The team is led by Founder and Chief Executive Officer Olabanjo Alimi, with Co-Founders Akinkunmi Akingbogun, Vice President of Mobility, and Ayo Falola, Vice President of Renewable Energy. Collectively, this group has driven the deployment of over 2,150 electric vehicles, installed more than 7MWh of decentralised solar systems, and mobilised over ₦20 billion in clean energy assets across Nigeria.
Nigerian Clean Energy: QORAY Mobility’s leadership team takes the helm
The QORAY executive team stems from Nigeria’s financial sector, where its members spent years helping to shape the nation’s clean energy and mobility ecosystem. They chose to take direct ownership of the mission, driven by a conviction that Africa’s clean energy transition demands local leadership and solutions built for African communities.
This approach centres on scaling through homegrown enterprise, a philosophy articulated by Olabanjo Alimi. He stated, “Our mission is to drive Africa’s transition to clean energy and sustainable mobility through community, innovation, and partnerships. QORAY exists to power progress sustainably and inclusively.”
Olabanjo Alimi steers the clean energy vision
As Founder and Chief Executive Officer, Olabanjo Alimi built QORAY at the convergence of Nigeria’s clean energy, mobility, and financial sectors. His leadership has been central to the company’s significant operational achievements across the country.
Alimi previously served as Divisional Head, Renewable Energy & Mobility at Sterling Bank, and as COO and Executive Director at Eterna PLC. His career also includes leadership roles at Enyo Retail & Supply and Oando Marketing, where he managed portfolios exceeding USD 400 million.
Under his direction, QORAY has deployed over 2,150 electric vehicles and installed more than 7MWh of decentralised solar systems. He has also been instrumental in mobilising over ₦20 billion in clean energy and mobility capital. These efforts have deepened energy access, improved air quality, and fostered green job creation.
Akinkunmi Akingbogun spearheads electric vehicle adoption
Akinkunmi Akingbogun, Co-Founder and Vice President of Mobility, brings over two decades of experience spanning engineering, energy, and banking. He is a COREN-certified engineer and a member of the Nigerian Society of Engineers, holding degrees in Civil Engineering, Water & Environmental Engineering, and Business Marketing.
Before co-founding QORAY, Akingbogun held leadership positions at OVH Energy and Sterling Bank, focusing on strategic mobility and sustainable transport initiatives. At QORAY, he has been key to advancing electric mobility adoption, developing partnerships, and deploying innovative products.
Under his leadership, QORAY set a Guinness World Record for the longest tuk-tuk journey in 2025. This achievement underscores the company’s commitment to pushing the boundaries of electric vehicle capabilities and expanding electric tricycle deployment across Nigeria.
Ayo Falola advances renewable energy solutions
Ayo Falola, Co-Founder and Vice President of Renewable Energy, is a business development and sustainability leader with over 14 years of experience across multiple sectors. He now leads QORAY’s Renewable Energy Division, focusing on energy financing and decentralised system deployment.
Falola’s work prioritises aligning financial performance with sustainability outcomes. He crafts market-driven solutions that deliver both profitability and social impact for communities and businesses across Africa.
He has personally overseen the deployment of over 7MWh of distributed solar systems across Nigeria. This effort has a particular focus on Small and Medium-sized Enterprises (SMEs) and underserved communities, expanding access to clean power.
Operational milestones underscore QORAY’s impact
QORAY has established a track record of concrete achievements in both clean energy and sustainable mobility. These milestones demonstrate the company’s capacity for practical deployment and its measurable impact on Nigeria’s industrial landscape.
The company has deployed over 2,150 locally assembled electric vehicles across Nigeria. This effort contributed directly to a reduction of over 180.8 metric tons of carbon emissions. Furthermore, QORAY has installed Nigeria’s largest network of EV charging and battery-swap stations, alongside the nation’s first publicly accessible EV charging station in Lagos in 2023.
In 2024, QORAY expanded its infrastructure nationwide, deploying 11 DC and AC chargers, including Nigeria’s first DC fast-charging station. The same year saw the assembly of 120 electric tricycles and the financing of over 2MW of solar energy projects, showing a consistent pace of expansion.
Key details
By 2025, the company had delivered a fleet of 200 electric vehicles for Cabzero, Nigeria’s premier EV-based ride-hailing service, which now scales to over 100 EVs. Additionally, QORAY locally assembled 2,000 electric tricycles that year and generated over 5MW of clean energy. These figures highlight the increasing role of automation in scaling industrial outputs.
Fostering green innovation and skills development
Beyond vehicle and energy deployment, QORAY has focused on developing local talent. The company has trained over 100 local technicians through its Green Upskill programme, building essential skills for the growing clean energy and mobility sectors. This investment in human capital is crucial for long-term sustainability.
The establishment of Cabzero as Nigeria’s first all-electric B2B leasing and ride-hailing platform showcases a holistic approach to sustainable mobility. It’s not just about manufacturing or deploying vehicles, but also about creating viable business models that support widespread adoption and impact on daily operations.
Overall, QORAY’s initiatives have touched over 24,234 lives, generated more than 4,388 kWh of clean electricity, and saved over 15,267 metric tons of CO₂. These numbers point to a company actively working to transform the foundational energy and transport systems of Nigeria.
Five-year vision for Nigeria’s clean energy future
QORAY Mobility & Energies is guided by a clear vision: to become Africa’s most life-changing company. This ambition extends beyond immediate deployments to a broader transformation of the continent’s industrial and energy landscape.
The company’s five-year goal aims for QORAY-powered systems to account for two out of every ten electric vehicles and two out of every ten distributed solar installations in Nigeria. This aggressive target underscores their belief in scalable, locally-led solutions for energy independence and sustainable development.
To achieve this, QORAY collaborates with key financial institutions such as Sterling Bank Ltd, The Alternative Bank, and the Development Bank of Nigeria. These partnerships are critical for mobilising capital and expanding access to clean mobility and renewable energy across Africa, creating opportunities for investors and local communities. Such strategic alliances often influence broader market capitalisation trends for industrial and engineering stocks.
Building homegrown industrial capacity in Nigeria
QORAY’s focus on local assembly and technical training directly addresses the need for enhanced industrial capacity in Nigeria. By manufacturing electric vehicles and installing decentralised solar systems domestically, the company is building tangible productive assets within the country.
This approach counters the reliance on imported solutions, fostering local expertise and supply chains. It is an example of how manufacturing execution systems are becoming a strategic lever for plant agility, even in emerging markets.
The training of local technicians further ensures that the knowledge and skills required to maintain and expand these clean energy technologies remain within Nigeria. This human capital development is as important as the physical infrastructure being deployed.
The emphasis on local assembly for electric tricycles, with 2,000 units assembled in 2025 alone, showcases a practical commitment to in-country value creation. This moves beyond mere deployment to actual production, creating direct economic benefits and reducing dependency on foreign manufacturing.
Broader implications for Africa’s energy transition
The efforts of QORAY Mobility & Energies resonate deeply within Africa’s broader energy transition goals. Reliable and sustainable power is a fundamental requirement for industrial growth and economic stability across the continent.
Decentralised solar systems, in particular, offer a pathway to energy access in regions often underserved by traditional grid infrastructure. QORAY’s deployment of over 7MWh of such systems directly contributes to powering homes and businesses, especially SMEs, which form the backbone of many African economies.
Furthermore, the expansion of electric mobility addresses critical environmental concerns while simultaneously modernising transport networks. Reduced carbon emissions are a direct benefit, but so too is the potential for lower operational costs for logistics and public transport providers over time, fostering greater efficiency.
Companies like QORAY demonstrate that African businesses can lead the charge in adopting and adapting advanced technologies for local needs. Their work provides a practical template for other nations seeking to build their own sustainable industrial futures, proving that solutions for African industrial connectivity are within reach.
