Nigeria - Startup under 3 years old

Describe your project or startup in a few words

Emobility for Individuals & Small Businesses: Making clean transportation accessible & affordable for all in Africa with flexible rentals & innovative battery swapping.

01.01 Describe your startup in more detail

TynuEV's Emobility for Individuals & Small Businesses tackles Africa's transportation challenges with a comprehensive e-mobility ecosystem. We go beyond just EVs, offering: Flexible Rentals: Daily, weekly, monthly options cater to diverse needs, making EVs accessible for personal & business use. Convenient Charging: Strategically placed stations, powered by renewables when possible, address range anxiety. Battery Swapping: Minimizes downtime compared to charging, enhancing user experience. Data-Driven Approach: Optimizes charging network, routes, and user experience through data analytics. Financial Accessibility: We explore solutions like EV loans and battery subscriptions to break down ownership barriers. This holistic approach removes major hurdles to EV adoption, promoting clean transportation, job creation, and a sustainable future for Africa.

01.02 What is the main problem you are trying to solve?

Africa faces a critical transportation challenge: dependence on fossil fuels creates air pollution, limited access to affordable transportation hinders economic opportunities, and traditional ownership models exclude many from using EVs. Reduced Emissions & Cleaner Air: We promote electric vehicles (EVs) as a cleaner alternative to gasoline vehicles, significantly reducing air pollution in African cities and mitigating climate change. Improved Mobility & Economic Access: Flexible EV rentals make EVs accessible to a wider range of users - individuals for commutes, small businesses for deliveries - boosting economic activity and job creation. Overcoming EV Adoption Barriers: Range anxiety and high upfront costs are major hurdles. We address this with conveniently located charging stations and innovative battery-swapping technology. Additionally, we explore financial solutions like EV loans and battery subscriptions, making EV ownership more attainable.

01.03 Tell us the major benefits and/or advantages of using the product/service that your startup provides (at least 3).

TynuEV's Emobility for Individuals & Small Businesses unlocks a future of clean transportation in Africa with several key benefits: Environmental Sustainability: By promoting electric vehicles (EVs), TynuEV significantly reduces reliance on fossil fuels. Enhanced Mobility and Economic Opportunity: Our flexible EV rental options make EVs accessible to a wider range of users compared to traditional ownership models. Overcoming Barriers to EV Adoption: TynuEV addresses two major hurdles that prevent wider EV adoption: range anxiety and upfront costs. We strategically place charging stations, powered by renewable energy sources whenever possible, to alleviate range concerns. Our innovative battery-swapping technology minimizes downtime compared to traditional charging methods, further enhancing user experience. Additionally, we explore financial solutions like EV loans and battery subscriptions, making EV ownership a more attainable option for a broader audience.

01.04 Please describe who exactly your startup’s product/service is aimed at serving. Who are the targeted beneficiaries?

1. Individuals Seeking Clean and Affordable Transportation: Everyday commuters: Our flexible rental options (daily, weekly, monthly) cater to individuals who need EVs for daily commutes, errands, or occasional trips, particularly for those who might not require full-time ownership. Budget-conscious users: By exploring financial solutions like EV loans and battery subscriptions, TynuEV brings EV ownership within reach for a wider range of individuals who might be deterred by high upfront costs. 2. Small Businesses Looking to Embrace Sustainability and Efficiency: Delivery & Service Companies: Our EVs provide eco-friendly solutions for businesses involved in deliveries, services, or rentals. Businesses of All Sizes: Flexible rentals allow businesses of all sizes to experiment with EVs and explore their suitability for their operations without a large upfront investment.

01.05 When was your company established?

2023-06-23

01.06 Are you already selling your product/service?

Yes

01.07 How many other owners are there within your startup?

3

01.08 Among the other owners, how many are female?

1

01.09 Please describe the profile of the other owners within your startup (skills, experience, etc.)

Femi Oye is a visionary, business, and social entrepreneur who will take an active role in the Company once his visa is approved. He is a clean tech investor with more than 20 years of social entrepreneurship; committed to leveraging local innovation, financial engineering, partnership models to rapidly scale up high impact solution for a billion people. Dr. Adeojo is the Managing Director at SMEFUNDS Capital Limited. He is Climate Impact Finance Adviser with a Pan-African impact outlook. He is an avid advocate of climate finance methodology as one of the instruments for combating the global climate change effects. Lilian Aremu Chief Operating Officer Named as one of the top inspiring leader by women in clean cooking 2022. Lilian as cofounder pioneered a last mile distribution network (CCAfrica) for women entrepreneurship program across 12 African countries delivering clean, safe and affordable cookstoves, solar lanterns, biofuels and clean LPG gas to over 1million customers.

01.10 If you have a website, a social media page (Facebook, Instagram, Linkedin…), or app, please provide the link(s) here:

https://tynuev.com/

01.11 Which industry best describes your project?

c) Industry (equipment, commercial, logistical and professional services, transport)

02.01.01 My startup contributes to the No poverty goal

1 - Strongly Disagree

02.01.02 No poverty - Justification for my startup

02.02.01 My startup contributes to the Zero hunger goal

1 - Strongly Disagree

02.02.02 Zero hunger - Justification for my startup

02.03.01 My startup contributes to the Good health and well-being goal

1 - Strongly Disagree

02.03.02 Good health and well-being - Justification for my startup

02.04.01 My startup contributes to the Quality education goal

1 - Strongly Disagree

02.04.02 Quality education - Justification for my startup

02.05.01 My startup contributes to the Gender equality goal

1 - Strongly Disagree

02.05.02 Gender equality - Justification for my startup

02.06.01 My startup contributes to the Clean water and sanitation goal

1 - Strongly Disagree

02.06.02 Clean water and sanitation - Justification for my startup

02.07.01 My startup contributes to the Affordable and clean energy goal

7 - Strongly Agree

02.07.02 Affordable and clean energy - Justification for my startup

By promoting electric vehicles (EVs), TynuEV reduces reliance on fossil fuels and encourages a shift towards cleaner energy sources, particularly when charging stations are powered by renewables.

02.08.01 My startup contributes to the Decent work and economic growth

7 - Strongly Agree

02.08.02 Decent work and economic growth - Justification for my startup

The e-mobility revolution creates new job opportunities in areas like EV manufacturing, maintenance, infrastructure development, and charging station operations. This fosters economic growth and empowers local communities.

02.09.01 My startup contributes to the Industry innovation and infrastructure

1 - Strongly Disagree

02.09.02 Industry innovation and infrastructure - Justification for my startup

02.10.01 My startup contributes to the Reduced inequalities goal

1 - Strongly Disagree

02.10.02 Reduced inequalities - Justification for my startup

02.11.01 My startup contributes to the Sustainable cities and communities goal

7 - Strongly Agree

02.11.02 Sustainable cities and communities - Justification for my startup

TynuEV's EVs contribute to cleaner air in African cities by reducing tailpipe emissions, promoting public health and overall well-being. Additionally, conveniently located charging stations can improve urban infrastructure.

02.12.01 My startup contributes to the Responsible consumption and production goal

1 - Strongly Disagree

02.12.02 Responsible consumption and production - Justification for my startup

02.13.01 My startup contributes to the Climate action goal

7 - Strongly Agree

02.13.02 Climate action - Justification for my startup

Widespread adoption of EVs through TynuEV's solutions leads to reduced greenhouse gas emissions, mitigating climate change and its devastating impacts.

02.14.01 My startup contributes to the Life below water goal

1 - Strongly Disagree

02.14.02 Life below water - Justification for my startup

02.15.01 My startup contributes to the Life on land goal

1 - Strongly Disagree

02.15.02 Life on land - Justification for my startup

02.16.01 My startup contributes to the Peace Justice and Strong Institutions goal

1 - Strongly Disagree

02.16.02 Peace Justice and Strong Institutions- Justification for my startup

02.17.01 My startup contributes to the Partnerships for the goal

1 - Strongly Disagree

02.17.02 Partnerships for the goal - Justification for my startup

06.01 There are a large number of customers who already use a product/service very similar to the product/service we envision creating.

1 - Strongly Disagree

06.02 The product/service represents an entirely new type of product/service.

4

06.03 The product/service could be described as a new technology.

4

06.04 The product/service is an improvement on an existing product or service.

6

06.05 The product/service could be described as an extension of a range of products or services.

5

06.06 The product/service responds to a demand or need that has not been satisfied by other products/services.

7 - Strongly Agree

06.07 The product/service is a new version of an old product/service.

4

06.08 Justification for my startup

06.09 Competitive Analysis

Potential Competitors: Traditional vehicle rental companies entering the EV rental market. Ride-hailing services (e.g., Uber, Bolt) potentially incorporating EVs into their fleets. Existing EV startups offering limited solutions (e.g., solely focused on selling EVs). TynuEV's Differentiation: We go beyond just offering EVs. TynuEV stands out through its comprehensive e-mobility ecosystem designed specifically for the African market: Flexible Rental Options. Strategic Charging Network. Innovative Battery Swapping. Data-Driven Approach. Financial Accessibility. Focus on Sustainability. TynuEV's holistic approach tackles key barriers to EV adoption in Africa. We empower individuals and small businesses, promote clean air, and contribute to a sustainable future, creating a stronger competitive edge.

11.05 Are you initiating actions within your community to promote the role of female entrepreneurs?