Ryan Energy, Global IME Capital sign agreement to revolutionise green mobility sector

KATHMANDU: Ryan Energy, a leading innovator in electric mobility, and Global IME Capital, a prominent financial institution, have signed a strategic agreement to accelerate Nepal’s transition to sustainable transportation. 

The signing ceremony, attended by energy experts, investors, and key media personnel, marked a significant step forward in Nepal’s green energy revolution. The agreement was signed by Deepak Rauniar, Managing Director of Ryan Energy, and Mandip Luitel, CEO of Global IME Capital, in the presence of distinguished guests.

This partnership underscores the shared vision of both organisations to promote eco-friendly transportation solutions and address the growing demand for affordable, efficient, and sustainable mobility in Nepal. 

Established in 2022, Ryan Energy has been at the forefront of Nepal’s electric vehicle (EV) market, specialising in battery stations and the assembly of two and three-wheelers. Their innovative Battery-as-a-Service (BaaS) model cuts upfront costs by 40%, eliminates slow charging times, and offers a sustainable solution to recurring battery replacement costs.

Ryan Energy plans to establish 100 battery stations for electric three-wheelers and 30 stations for two-wheelers by December 2026. Their hybrid solar and grid-powered charging stations, along with a state-of-the-art assembly plant in Sarlahi district, are expected to significantly impact the country’s transportation sector.

The partnership with Global IME Capital will support these ambitious plans with a project valued at Rs 3 billion, funded through a 70:30 debt-to-equity ratio, including Rs 900 million in equity and Rs 2.1 billion in debt. This investment will fuel the expansion of battery stations, the development of plant infrastructure, and the procurement of inventory for two and three-wheelers.

Ryan Energy Managing Director Rauniar expressed his enthusiasm for the collaboration, stating, “This partnership with Global IME Capital is a testament to our shared commitment to driving a green future. By addressing the pain points of high upfront costs and slow charging, we are making electric vehicles accessible to all Nepalis, while contributing to the nation’s economic and environmental goals.”

Likewise, Global IME Capital CEO Luitel said, “We are proud to support Ryan Energy’s vision of transforming Nepal’s transportation sector. This investment aligns with our mission to foster sustainable development and create long-term value for our stakeholders. Together, we are paving the way for a cleaner, greener Nepal.”

The collaboration between Ryan Energy and Global IME Capital is expected to have far-reaching economic and social impacts. By promoting cost-effective local and last-mile transportation, the initiative will enhance mobility, create livelihood opportunities, drive financial inclusion, and contribute to Nepal’s digital transformation. 

With a projected 20% annual return on equity (ROE) from the third year, Ryan Energy is poised to become one of Nepal’s most profitable companies. The company also plans to expand regionally by 2027, further solidifying its position as a leader in the EV market. 

Supported by Global IME Capital’s financial expertise, this initiative is expected to deliver both environmental and economic benefits.