DriveMe Mobility Technology
DriveMe is a Nigerian mobility fintech that provides rent-to-own electric vehicle financing for ride-hailing drivers, a matching network placing trained drivers with corporate clients, and a professional driver training programme, underpinned by proprietary credit-scoring and collections infrastructure.
- Company typePrivate
- Founded2020
- HeadquartersLagos, Nigeria
- Headcount11–50
- GTM typeB2B and B2C
- OfferingServices
What DriveMe Mobility Technology does
DriveMe Mobility Technology, operating as DriveMe Limited, is a Nigerian mobility fintech founded in 2020 and headquartered in Lagos. The company operates an integrated platform with three core offerings: rent-to-own financing for electric vehicles (specifically the Wuling Bingo model) targeting professional ride-hailing drivers, a Matching Network that places verified and trained drivers with corporate clients and fleet operators, and a 5-day professional driver training programme that has certified over 6,000 drivers. The rent-to-own structure requires 417 days of automatic daily repayments collected via bank mandate, after which the driver takes full ownership of the vehicle.
The platform is built on proprietary fintech infrastructure rather than commodity tooling. The Driver Credit Intelligence Engine combines BVN data, bank statement analytics through a Mono open banking integration, repayment history, and behavioral signals to score informal transport workers who lack traditional credit history. The Automated Remittance Rail applies mandate-based daily debit across multiple linked bank accounts with intelligent cascade fallback logic, and the Fleet Intelligence System provides real-time portfolio monitoring, default early warning, and automated escalation workflows. In January 2023, DriveMe acquired GoTwenty SIX, and in mid-2022 it closed a pre-seed round led by participation from Niche Capital, FM Capital, and local angel investors.
DriveMe monetizes through three revenue streams: recurring financing margins on the rent-to-own vehicle book, placement and service fees from the driver matching marketplace, and fees tied to the professional training programme. Distribution is primarily digital-first via a self-serve website with WhatsApp and email channels, supplemented by direct enterprise outreach to fleet operators and corporate clients. The customer base spans individual ride-hailing drivers (SMB), corporate organizations and fleet operators (enterprise), and individual clients hiring personal drivers (mid-market), with operations currently concentrated in Nigeria despite stated ambitions for broader African expansion.
DriveMe Mobility Technology firmographics
Firmographics- Name
- DriveMe Mobility Technology
- Legal name
- DriveMe Limited
- Website
- https://driveme.ng
- Company type
- Private
- Founded year
- 2020
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- DriveMe is a Nigerian mobility fintech that provides rent-to-own electric vehicle financing for ride-hailing drivers, a matching network placing trained drivers with corporate clients, and a professional driver training programme, underpinned by proprietary credit-scoring and collections infrastructure.
- Ownership category
- akta.pro rank
DriveMe Mobility Technology industry classification
Industry- Product category
- Mobility Services
- NAICS
- Passenger Car Rental and Leasing (53211), Taxi and Ridesharing Services (485310), Limousine Service (485320)
- SIC
- Services-Auto Rental & Leasing (No Drivers) (7510), Transportation Services (4700)
- akta.pro primary industry
- EV Ride-Hailing / Chauffeur Services (EV-Only Fleets) (THADANAG)
- akta.pro secondary industry
- On-Demand Private Ride-Hailing (Solo Rides) (THADADAA)
Keywords
Where DriveMe Mobility Technology is headquartered
LocationHeadquarters
- HQ city
- Lagos
- HQ country
- Nigeria
- HQ region
- Africa
Offices1 record
Markets served
DriveMe Mobility Technology business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Supply Chain, Personnel, Operations, Technology or R&D, Marketing or Sales
Revenue model
- Rent-to-Own EV Financing: DriveMe finances electric vehicles for qualified professional ride-hailing drivers through a rent-to-own model. Drivers make daily repayments via bank mandate for 417 collection days, after which they own the vehicle outright. Revenue is generated through the financing arrangement, collecting daily payments that aggregate to the vehicle value plus financing costs.
- Driver Matching Services: Connecting verified, trained professional drivers to corporate clients, fleet operators, and individuals. Revenue is earned by placing vetted drivers with clients who pay for professional driver services. The matching network generates placement or ongoing service fees.
- Professional Driver Training: 5-day intensive capacity building programme that trains drivers in professional conduct, safety, customer service, and vehicle care. Graduates receive DriveMe certification and priority access to vehicle financing. Training fees may be charged or costs recovered through financing terms.
Go-to-market motion3 records
Distribution channels3 records
Marketing channels4 records
DriveMe Mobility Technology product offering
Product offeringCore offering
DriveMe is Nigeria's electric mobility platform offering rent-to-own EV financing for professional ride-hailing drivers (417 daily mandate-based repayments leading to vehicle ownership), a Driver Matching Network connecting verified, background-checked, and trained drivers with corporate clients, fleet operators, and individuals, and a 5-day Professional Driver Training programme. The ecosystem is powered by proprietary fintech infrastructure including the Driver Credit Intelligence Engine for credit assessment of informal transport workers and the Fleet Intelligence System for real-time portfolio monitoring.
Product overview
DriveMe is Nigeria's electric mobility platform offering three interconnected services: (1) Rent-to-Own Vehicle Financing for electric vehicles (Wuling Bingo) with a 417-day daily repayment cycle, (2) Driver Matching Services connecting verified professional drivers with corporate clients and fleet operators, and (3) Professional Driver Training as a 5-day certification programme. The ecosystem is powered by proprietary fintech infrastructure including the Driver Credit Intelligence Engine for credit assessment and the Fleet Intelligence System for real-time monitoring. Drivers can progress from training through vehicle financing to ownership, creating an integrated pathway for professional ride-hailing drivers in Africa.
Differentiator
Problem solved
Functional benefit
Brands
- DriveMe Matching Network: Professional driver matching service connecting verified, trained drivers to corporate clients, fleet operators, and individuals across Africa.
- Driver Credit Intelligence Engine
- Fleet Intelligence System
Products and services
- Rent-to-Own Vehicle Financing DriveMe finances electric vehicles (e.g., Wuling Bingo) for qualified professional ride-hailing drivers through a rent-to-own programme. Drivers make daily repayments automatically via bank mandate with no cash handling and achieve full vehicle ownership after 417 collection days. Targeted at informal-sector ride-hailing drivers on platforms like Uber and Bolt who currently pay weekly rent on vehicles they do not own.
- Driver Matching Services The DriveMe Matching Network connects verified, background-checked, professionally trained, and platform-monitored drivers to corporate clients, fleet operators, and individuals across Africa. Matched drivers are uniformed, insured, and supported through the platform. Available for both corporate/enterprise hire and individual personal use.
- Professional Driver Training A 5-day intensive capacity building programme that trains drivers in professional conduct, safety, customer service, and vehicle care. Graduates receive DriveMe certification and priority access to vehicle financing. Over 6,000 drivers have been trained and certified through the programme.
Quantifiable outcome
- 6,000+ drivers trained and certified through the professional capacity building programme
- +2 more outcomes
Companies that use DriveMe Mobility Technology
Customer profileNamed customers4 records
Segments3 records
Ideal customer profiles3 records
DriveMe Mobility Technology technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration1 record
AI capability4 records
Feature3 records
DriveMe Mobility Technology partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- MonocoreMono provides open banking infrastructure that enables DriveMe to access and analyze bank statement data for the Driver Credit Intelligence Engine. This integration allows DriveMe to assess driver creditworthiness through behavioral signals and repayment history from connected bank accounts.
Scale indicators4 records
Recent moves5 records
Expansion highlights5 records
DriveMe Mobility Technology competitors and assessment
Company assessmentPeers
Regional players
- MAX (formerly MAX.ng): MAX is a Nigerian mobility platform that has shifted into financing vehicles for drivers. It shares DriveMe's Nigeria-centric driver-support focus and its evolution toward driver asset ownership rather than pure platform play.
- Gokada: Gokada is a Nigerian delivery and mobility operator that has pivoted toward providing vehicles and riders to logistics and corporate clients. Comparable to DriveMe's Matching Network for placing drivers with corporate clients.
Emerging players
- M-KOPA: M-KOPA provides pay-as-you-go financing for solar home systems and other productive assets to underbanked African customers. Its model of incremental, mandate-based repayment into asset ownership is structurally analogous to DriveMe's rent-to-own approach.
Direct peers
- Moove: Moove is an Africa-focused mobility fintech that provides vehicle financing to ride-hailing drivers, with a strong presence in Nigeria. It is the closest direct competitor to DriveMe's EV rent-to-own financing model targeting Uber and Bolt drivers.
- Spiro: Spiro finances and operates electric motorcycles across Africa, including Nigeria. It overlaps with DriveMe in the EV-for-transport-worker financing space, although Spiro focuses on two-wheelers rather than passenger EVs.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights6 records
Customer concentration
DriveMe Mobility Technology social profiles
Digital presenceDriveMe Mobility Technology financial estimates
Financial estimateRevenue estimate
Valuation estimate
DriveMe Mobility Technology leadership team
Management profileNumber of profiles
DriveMe Mobility Technology funding detail
Funding detailFunding overview
Funding rounds1 record
Investors2 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
DriveMe Mobility Technology M&A and investment
M&A and investmentM&A1 record
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about DriveMe Mobility Technology
What does DriveMe Mobility Technology do?
DriveMe is Nigeria's electric mobility platform offering rent-to-own EV financing for professional ride-hailing drivers (417 daily mandate-based repayments leading to vehicle ownership), a Driver Matching Network connecting verified, background-checked, and trained drivers with corporate clients, fleet operators, and individuals, and a 5-day Professional Driver Training programme. The ecosystem is powered by proprietary fintech infrastructure including the Driver Credit Intelligence Engine for credit assessment of informal transport workers and the Fleet Intelligence System for real-time portfolio monitoring.
Is DriveMe Mobility Technology a public or private company?
DriveMe Mobility Technology is a private company. It is classified as venture growth investor backed and is currently operating.
When was DriveMe Mobility Technology founded?
DriveMe Mobility Technology was founded in 2020. It employs 11 to 50 people.
Where is DriveMe Mobility Technology based?
DriveMe Mobility Technology is headquartered in Lagos, Nigeria, in the Africa region.
How does DriveMe Mobility Technology make money?
Three revenue lines are on record. Rent-to-Own EV Financing is the primary driver. The others are driver Matching Services and professional Driver Training.
Who are DriveMe Mobility Technology's main competitors?
Uber (Uber Africa) is listed as a peer. Regional players are MAX (formerly MAX.ng) and Gokada. M-KOPA is listed as an emerging player. Direct peers are Moove and Spiro.
Does DriveMe Mobility Technology have an API?
No public API is recorded for DriveMe Mobility Technology.
What industry is DriveMe Mobility Technology in?
DriveMe Mobility Technology's product category is Mobility Services. Its primary akta.pro industry code is THADANAG, EV Ride-Hailing / Chauffeur Services (EV-Only Fleets), with a secondary code of THADADAA, On-Demand Private Ride-Hailing (Solo Rides). Its NAICS code is 53211 and its SIC code is 7510.