Ten BYDs. Ninety days. One standard.
In late October 2026, RISIQ puts ten BYD electric vehicles through a full battery-certification cycle in Addis Ababa — and hands the results to the banks, micro-finance institutions and insurers who agree to read them with us.
For institutions carrying EV risk in Ethiopia — no cost to participate in the founding cohort.
The cars your customers are already financing.
BYD is the marque that arrived with Ethiopia's import ban — and it is the marque sitting in your loan books right now. The pilot fleet spans five models and a 12,600–88,300 km mileage range, deliberately chosen to look like a real portfolio rather than a showroom.
Every one is an import
No OEM service channel, no unlockable diagnostics, no warranty you can call on. Exactly the cars nobody can currently value — which is why they are the only honest test.
Five models, real mileage
Atto 3, Dolphin, Song Plus, Yuan Plus and e2, from nearly new to heavily used, so per-model degradation behaviour starts building from day one.
Measured more than once
Each vehicle takes a full reference test and repeat Rapid Checks across the 90 days — which is how the fast test earns its accuracy band rather than claiming one.
A portfolio view, not a pile of PDFs.
Every certificate lands in a partner dashboard built for the question a credit committee actually asks: which of these assets is worth what, and which one is about to surprise us.
Mileage does not predict battery health
Each dot is one vehicle. If the odometer told you what a battery was worth, these dots would form a line. They do not — which is precisely the gap a certificate closes.
Read this: P04 has covered 71,500 km and grades A at 93.8%. P10 has covered 29,700 km — under half the distance — and grades D at 74.8%. On paper P10 is the better buy. In collateral terms it is the worse one.
The portfolio, ranked
The same ten vehicles sorted by measured state of health, against the grade thresholds the certificate uses.
Read this: four vehicles grade A, three B, two C and one D. A lender treating this fleet as one risk class is over-lending on three of them.
Rated range versus measured range
What the brochure promises, next to what the battery actually delivers today.
Read this: the shortfall runs from 12 km on the healthiest car to 108 km on the weakest. That gap is the part of the asset a valuation currently misses.
View the underlying data
| Vehicle | Model | Odometer | State of health | Grade | Rated range | Measured range | Shortfall |
|---|---|---|---|---|---|---|---|
| P01 | Atto 3 | 18,400 km | 97.1% | A | 420 km | 408 km | 12 km |
| P02 | Dolphin | 62,800 km | 95.4% | A | 405 km | 386 km | 19 km |
| P03 | Song Plus | 24,100 km | 88.2% | B | 505 km | 445 km | 60 km |
| P04 | Atto 3 | 71,500 km | 93.8% | A | 420 km | 394 km | 26 km |
| P05 | Yuan Plus | 33,900 km | 84.6% | C | 430 km | 364 km | 66 km |
| P06 | Dolphin | 47,200 km | 91.7% | B | 405 km | 371 km | 34 km |
| P07 | Song Plus | 12,600 km | 90.3% | B | 505 km | 456 km | 49 km |
| P08 | Atto 3 | 55,400 km | 96.2% | A | 420 km | 404 km | 16 km |
| P09 | e2 | 88,300 km | 79.4% | C | 405 km | 322 km | 83 km |
| P10 | Yuan Plus | 29,700 km | 74.8% | D | 430 km | 322 km | 108 km |
Three kinds of institution. Three founding places each.
The founding cohort is deliberately small, because each partner gets direct engineering time rather than a mailing list. Participation costs nothing — what we ask for is access and honest feedback on the certificate.
Commercial banks
You are writing five-year vehicle loans against an asset that can lose half its value in two, with no way to price the part that degrades.
- Certificates on ten vehicles from your own or a partner importer's stock.
- A residual-value model your credit team can actually interrogate.
- First refusal on a certificate-backed EV loan product after the pilot.
Micro-finance institutions
You lend to the drivers and small fleets who feel a degraded battery first — and who have the least room to absorb it when a car stops earning.
- Battery-health screening on vehicles already in your portfolio.
- A per-borrower affordability picture that accounts for real range, not rated range.
- Pricing designed for MFI ticket sizes, billed locally in birr.
Insurers
You are underwriting cars whose most expensive component is invisible to you at policy issue and disputed at claim.
- An independently measured SoH figure at underwriting and at claim.
- Baseline degradation data to price a battery-warranty product against.
- A tamper-evident record that settles battery-related claims disputes.
Access, attention, and an honest answer.
Founding partners pay nothing during the pilot. What makes the cohort valuable is that the people in it actually engage.
- Access to vehicles you finance, insure or hold — or an introduction to an importer who will provide them.
- One hour a month with someone who makes credit or underwriting decisions, not a delegate.
- A candid verdict on whether the certificate would change what you actually do.
- Permission to name you as a founding partner once the pilot closes — withdrawable at any point.
The 90 days, in order
Cohort forms
Founding places are confirmed and vehicles are nominated. Rig assembly and calibration complete.
Pilot goes live
First reference tests on the ten BYDs. Certificates issue from the first passing run.
Repeat measurement
Rapid Checks against reference baselines; the fast test's accuracy band gets validated per model.
Findings, then terms
Full dataset and portfolio report to every founding partner, and commercial terms for those who want to continue.
Nine places. Late October. Addis Ababa.
Tell us which vehicles you carry risk on, and we will tell you within a week whether the pilot can cover them.