RIDE’s founder and CEO Samrawit Fikru said that her company was working with its drivers to change their cars with electric vehicles. According to the CEO, the transition of the vehicles of more than 40,000 drivers of RIDE from gas powered cars into electric cars will help the economy of the country by saving foreign exchange that is used to import oil.

The CEO stated that RIDE drivers who had the financial capacity could save for six months to buy the electric car while others could own the car by paying in advance 20% to 30% of its total price. She also noted that RIDE would connect its drivers with car manufacturers and banks to help them change their vehicles.

RIDE has benefited more than 43,000 drivers and created permanent employment for about 500 citizens. It is now considering to expand its services to the regions and East African countries.

Source: Ethiopian Press Agency