Electric vehicles (EVs) manufacturing firm Agilitee Africa, which will be setting up shop in Zimbabwe soon, received a boost on Tuesday after it concluded a deal to establish 100 charging stations in South Africa.
The company, which is headed by founder and CEO Dr Mandla Lamba, also plans to set up an EVs assembly plant as well as charge stations in Zimbabwe.
In a notice to shareholders on the Johannesburg Stock Exchange (JSE) today, Agilitee Africa said: “Following the conclusion of the due diligence exercise and the confirmation of the Board to continue with the acquisition, the company notes that Agilitee SA has accepted a proposal from GridCars Proprietary Limited (“GridCars”) for the building and operation of a network of 100 Electric Vehicle (EV”) charging stations in South Africa in several phases.
GridCars will be appointed as the Charge Point Operator and will have certain rights to negotiate on behalf of Agilitee SA.
GridCars already have leading experience in building and operating such networks in South Africa. Currently, there are 150 electric vehicles charging stations in South Africa that are controlled by seven automotive companies.”
The stations will charge all electric vehicles, including motorbikes and all four-wheel electric vehicles.
“Agilitee has signed the proposal to expedite the process of adoption of EV by bolstering the infrastructure development, with the first operational charging stations planned for handover in the last quarter of 2021,” adds the statement.