Ghanaian Start-up Kofa Eyes Togolese Market

Wednesday, 05 June 2024 18:29
Ghanaian Start-up Kofa Eyes Togolese Market

(Togo First) - Kofa, a Ghanaian start-up specializing in battery solutions and electric motorcycles, is set to enter the Togolese market. Already well-established in Ghana, Kofa plans to introduce its sustainable mobility innovations to Lomé, a market currently dominated by Spiro.

Launched in 2021 in Ghana, Kofa has quickly made a name for itself with its electric motorcycle models and Kore2 interchangeable battery system. The Jidi electric motorcycle, equipped with the Kore2 battery, offers a range of over 100 km.

While other companies focused on importing ready-to-use EVs into the market, Kofa concentrated on creating a market for efficient batteries and the charging infrastructure needed to support battery users.

"Kofa's key innovation lies in delivering high-performance energy through its batteries, which are economical - being at least 30% more competitive than gasoline - but also versatile in their applications," explains Erik Nygard, CEO of Kofa.

To gain a foothold in the Togolese market, Kofa plans to capitalize on its strategic partnerships, notably with TAIL-G, a global manufacturer of electric motorcycles, and MAX, a pioneer of electric vehicle solutions in Nigeria.

In Togo, Spiro, which offers electric motorcycles and an advanced battery management and exchange platform, enjoys a strong position. With the arrival of Kofa, the Togolese electric vehicle sector is about to become more competitive.

According to Kofa's CEO, the electric mobility market, which promises double-digit annual growth, is still wide open and brimming with opportunities. "Our main competitor is gasoline," he asserted.

Fiacre E. Kakpo

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