The agritech startup is using electric vehicles, solar swap hubs, and pay-as-you-go financing
to cut $7 billion in annual food losses, empower farmers, and build a cleaner, more
profitable food system.

Nigeria loses over $7 billion worth of food every year before it reaches consumers, a crisis
driven by poor logistics, fuel costs, and lack of affordable transport. BevAgro, a fast-rising
agritech startup, is solving this challenge by electrifying the food supply chain with electric
vehicles (EVs), solar-powered battery-swap hubs, and a smart financing platform.

“We turn food losses into profits by powering farmers, traders, and delivery riders with EVs
financed seamlessly through every battery swap,” says Ashaolu, COO of BevAgro.

Powering the “Agri-to-City” Mobility Grid

BevAgro’s network links farm clusters, wholesale markets, and city neighborhoods using
electric three-wheelers, light cargo vans, and e-bikes. More than 150 EVs already operate on
Nigerian roads, supported by solar swap hubs that allow quick battery exchanges,
eliminating petrol costs and downtime. Each swap triggers an automated micro-repayment,
enabling pay-as-you-go EV financing and eventual asset ownership.

Farmers and traders now report lower transport costs, faster deliveries, and less spoilage,
boosting profits and delivering fresher produce to markets.

Blended Financing to Scale Impact

To expand clean mobility in agriculture, BevAgro recently signed a $1.7 million grant
agreement with a leading Development Finance Institution (DFI). This grant will enable farmers to afford and
access BevAgro’s electric vehicles, with deployment now in progress across key agricultural
corridors.

Additionally, BevAgro has secured $1.4 million from a local commercial bank to grow its
financing pool. The capital supports additional vehicles, solar swap hubs, and digital
onboarding of cooperatives and market unions, with a goal to reach 2 million farmers and
traders nationwide.

Smart Technology, Measurable Results
BevAgro’s proprietary platform integrates:
• IoT-enabled batteries with real-time data
• Smart repayment engine for micro-deductions per swap
• Analytics dashboards for uptime, repayment, and carbon savings

This data-driven model makes the system scalable, transparent, and bankable.

Impact: Turning Waste into Wealth

By focusing on rural agriculture and essential-goods logistics, BevAgro cuts petrol
dependence and enables solar-powered mobility by converting waste into wealth,
emissions into savings, and mobility into opportunity. Each swap hub targets profitability
within 30 months, driven by recurring energy revenue and predictable repayments.

The Road Ahead

“This is more than transportation, it’s transformation,” says Ashaolu. “Every battery
swap, every kilometer, every farmer we empower is a step toward a future where food moves
cleanly, efficiently, and profitably. We are not just reducing waste; we are building a food
system that feeds families, powers livelihoods, and protects the planet.”

About BevAgro

BevAgro is an agritech mobility company transforming Nigeria’s food supply chain through
electric vehicles, solar swap infrastructure, and pay-as-you-go financing. The company’s
mission is to electrify Africa’s food chain and empower millions of farmers and traders with
affordable, clean transport.