ADDIS ABABA – The Utopia Green Mobility Project aims to significantly boost Ethiopia’s green-led digital economy by transitioning to low-cost renewable electricity, saving foreign currency, and creating numerous job opportunities.
Last Wednesday , Utopia Green Mobility held a press release to unveil its innovative electric car financing system and accompanying application, a first-of-its-kind in Ethiopia.
The company’s General Manager Adonic Worku emphasized the project’s pivotal role in the nation’s green economic aspirations.
“Electric vehicles have zero tailpipe emissions, dramatically reducing local air pollution,” he stated during the press conference.”
Worku outlined ambitious targets, aiming to serve 10,000 customers within five years and 60,000 within a decade. Recognizing the financial constraints faced by many, Utopia Green Mobility has introduced a unique car lease payment plan. Unlike conventional financing, this plan offers interest-free payments for up to a year, making electric vehicle ownership accessible to low- and middle-income individuals.
“By combining long-term payment options with credit solutions from established banks and financial institutions, we empower thousands of residents currently struggling with transportation costs,” explained Worku. “They can save up to 97 Birr per day and become proud owners of private or metered taxi electric cars.”
To ensure consistent lease payments, Utopia Green Mobility will provide customers with a stable income stream through its “Utopia electric meter taxi” service. The company also guarantees long-term warranties, fast charging services, and comprehensive maintenance and spare parts support.
The project champions environmentally sustainable development. When powered by renewable energy sources like solar and wind, electric vehicles significantly reduce carbon footprints, aligning with Ethiopia’s green development goals.
Adonic Worku announced a strategic agreement with MG Motor, a renowned British automotive brand, to assemble and distribute fourth-generation electric vehicles in Ethiopia. Utopia Green Mobility will serve as the exclusive importer and distributor for both private and taxi use.
Utopia Green Mobility Deputy Manager Hana Itcha highlighted the innovative digital system developed by a team of local and international experts. This user-friendly application streamlines the entire car financing process while ensuring complete security.
Furthermore, Utopia Green Mobility has partnered with the Commercial Bank of Ethiopia and Tele Birr to facilitate digital payments, enhancing convenience for customers.
To further amplify its message, Utopia Green Mobility has appointed renowned artist Engdasew Habte as its Brand Ambassador.
BY ESSEYE MENGISTE
THE ETHIOPIAN HERALD THURSDAY 2 JANUARY 2025
