SAGLEV has officially delivered an 18-passenger fully electric van, the E Star V9 EV, manufactured by Dongfeng, to Stanbic IBTC in a landmark milestone for Nigeria’s growing electric mobility sector. The official handover ceremony took place at Stanbic IBTC Bank’s Head Office, widely known as the Stanbic IBTC Towers, located on Walter Carrington Crescent, Victoria Island, Lagos.
The delivery represents the first locally assembled 18-passenger fully electric van of its kind to be delivered in Nigeria and across Sub-Saharan Africa, further positioning the country as an emerging player in sustainable transportation innovation.
The vehicle was assembled locally at SAGLEV’s electric vehicle assembly facility in Imota, Ikorodu, Lagos, reinforcing the company’s commitment to developing sustainable mobility solutions while contributing to local industrial growth.
The deployment of the E Star V9 EV marks a significant step forward in Nigeria’s transition toward cleaner and more sustainable transportation systems. The vehicle will serve as a staff bus, supporting Stanbic IBTC Bank’s daily employee transportation while reducing operational emissions and dependence on fossil fuels.
By integrating a fully electric vehicle into its staff mobility operations, Stanbic IBTC Bank demonstrates continued leadership in environmental responsibility and innovation within Nigeria’s financial services sector.
READ ALSO SAGLEV Clinches 2025 Nigeria EV Brand of the Year Award
This latest delivery also builds on an existing partnership between both organisations, following the bank’s acquisition of the SAGLEV Sky 01 electric vehicle in 2025, further reinforcing its commitment to adopting sustainable mobility solutions.
Electric vehicles offer several advantages for corporate fleet operations, including zero tailpipe emissions, reduced fuel costs, lower maintenance requirements, and quieter, more efficient performance.
As organisations increasingly align their operations with Environmental, Social, and Governance (ESG) objectives, the adoption of electric vehicles presents a practical pathway toward reducing long-term operating costs while contributing to cleaner urban air and improved environmental outcomes. The successful deployment of the E Star V9 EV demonstrates that electric mobility solutions are no longer experimental concepts but viable, scalable options for commercial and institutional use in Nigeria.
Local assembly of the vehicle underscores Nigeria’s growing capacity for advanced automotive manufacturing and technology transfer. SAGLEV’s local assembly facility supports job creation, technical skills development, and the strengthening of the country’s automotive value chain, helping to reduce reliance on fully imported vehicles while building local expertise in electric mobility technologies. The milestone highlights SAGLEV’s role as a pioneer within Nigeria’s evolving electric vehicle ecosystem and its broader mission to accelerate sustainable transportation adoption across Africa.
Both SAGLEV and Stanbic IBTC Bank have expressed their intention to continue collaborating to promote electric mobility solutions within Nigeria’s corporate and commercial sectors. The partnership reflects a shared vision of reducing dependence on fossil fuels while advancing innovative transportation solutions that support long-term environmental sustainability.
Beyond a fleet upgrade, the delivery sends a strong signal that electric mobility in Nigeria is practical, reliable, and ready for wider adoption as organisations increasingly embrace cleaner alternatives for their operational needs.
SAGLEV is a Nigerian electric vehicle manufacturer and assembler committed to advancing sustainable transportation across Africa through strategic partnerships with global original equipment manufacturers.
The company assembles and distributes a range of electric vehicles, including passenger cars, vans, and buses, supported by comprehensive after-sales service and technical support.
Stanbic IBTC Bank remains one of Nigeria’s leading financial institutions, focused on driving sustainable growth, innovation, and responsible corporate citizenship through investments and initiatives that promote environmental sustainability and long-term value creation.
