WAYVE

What WAYVE does

Wayve Mobility Ghana is a mobility-fintech platform headquartered in Accra, Ghana, that enables ride-hailing drivers to acquire electric vehicles through a 'Work & Pay' lease-to-own programme. Founded in 2025–2026 and operating in pre-revenue stage with vehicle rollout anticipated for July 2026, the company is the official EV-first mobility partner of Bolt Ghana. Its core offering bundles EVs (Leapmotor T03 at GHS 2,600/week, Dongfeng Nano Box at GHS 2,800/week, Dongfeng Nammi 01 at GHS 3,000/week) with comprehensive insurance, monthly maintenance, mobile data for Bolt, and EV charging into a single weekly subscription payment that transfers vehicle ownership to the driver after 3–4 years.

The technology stack comprises a cloud-based fleet management platform built on Supabase, iOS and Android driver apps, the Wayve Charge solar-powered EV charging network (2 operational stations with 10 chargers and 120+ kWp installed solar capacity, delivering 4,280 kWh monthly with DC fast charging up to 150kW and AC Level 2 up to 22kW), and a Pay As You Go Insurance product covering health and vehicle risks with daily/weekly/monthly payment flexibility. Revenue mechanics span recurring weekly lease subscriptions, insurance product distribution, and usage-based public EV charging fees. The company has 1–10 employees, operates across 5 Ghanaian cities (Accra, Kumasi, Takoradi, Cape Coast, Tema), and has accumulated a waitlist of 2,400+ drivers. Seed funding has been opened with Bolt as lead investor and Societe Generale as financial partner, though the round size is undisclosed.

Name

WAYVE

Legal name

Wayve Mobility Ghana

Website

https://wayve.africa

Company type

Private

Founded year

2025

Operating status

Operating

Headcount range

1–10 employees

Short description

Wayve Mobility Ghana is an EV-first mobility-fintech platform that enables Ghanaian ride-hailing drivers to lease and ultimately own electric vehicles through weekly payments, bundling insurance, maintenance, charging, and mobile data via its Bolt partnership.

Ownership category

akta.pro rank

Product category

Electric Vehicle Financing & Mobility-as-a-Service

NAICS

Passenger Car Rental (532111)

SIC

Services-Auto Rental & Leasing (No Drivers) (7510)

akta.pro primary industry

Self-Drive Car Rental (THADAAAF)

akta.pro secondary industry

Rideshare & Ride-Hailing Platforms (TNCs) (TLAFAAAK)

Keywords

• Electric vehicle leasing
• Ride-hailing financing
• EV charging network
• Mobility-as-a-service
• Gig worker insurance

Headquarters

HQ city

Accra

HQ country

Ghana

HQ region

Africa

Offices5 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Supply Chain, Infrastructure, Technology or R&D, Personnel, Operations, Marketing or Sales

Revenue model

1. Vehicle Financing - Weekly Payments: Drivers make weekly installment payments (GHS 2,600-3,000/week depending on vehicle model) over 3-4 years to achieve vehicle ownership. Payments include comprehensive insurance, maintenance, mobile data, and EV charging support.
2. Insurance Products: Flexible Pay As You Go insurance (daily, weekly, or monthly payments) for health coverage and vehicle insurance, offered in partnership with Ayo Insurance and Lead Insurance Partner.
3. Public EV Charging: Public access EV charging at Wayve Charge stations for non-fleet EV owners. Drivers pay via mobile money, card, or NFC tap-to-pay. Fleet vehicles receive free charging as part of the programme package.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels5 records

Core offering

Wayve Mobility operates the Work & Pay programme, a fintech-powered vehicle financing model that leases electric and ICE vehicles to ride-hailing drivers in Ghana. Drivers make weekly installment payments of GHS 2,600-3,000 over 3-4 years, with comprehensive insurance, maintenance, mobile data, and EV charging bundled in. At the end of the programme, drivers achieve full vehicle ownership. The company also operates Wayve Charge, a solar-powered public EV charging network, and Pay As You Go Insurance products for gig workers.

Product overview

Wayve is an EV-first mobility-fintech platform operating in Ghana. Its core offering is the Work & Pay programme — a fintech-powered vehicle financing model through which ride-hailing drivers lease electric or ICE vehicles and progress to full ownership over 3–4 years via weekly payments. The platform is built around Bolt as the exclusive ride-hailing partner. Key product modules include: Wayve Charge (a solar-powered EV charging network open to fleet and public use, with stations in Accra), Pay As You Go Insurance (flexible health and vehicle insurance with daily/weekly/monthly payment options, backed by Ayo Insurance and a Lead Insurance Partner), the Wayve Driver App (for vehicle and payment management on iOS and Android), and the Wayve Charge App (for station location and charging payments). The vehicle fleet comprises electric models (Dongfeng Nammi 01, Leapmotor T03, Dongfeng Nano Box) and ICE vehicles under the Wayve UVS brand (Toyota Vitz), with comprehensive insurance, maintenance, mobile data, and EV charging support bundled into the weekly payment.

Differentiator

Problem solved

Functional benefit

Brands

• Wayve Charge: Solar-powered EV charging network providing DC fast and AC Level 2 charging across Accra for Wayve fleet vehicles and public EV owners.
• Pay As You Go Insurance
• Work & Pay
• Wayve UVS

Products and services

• Work & Pay Programme Fintech-powered vehicle financing programme enabling ride-hailing drivers in Ghana to lease electric or ICE vehicles and make affordable weekly payments while driving on Bolt, with full vehicle ownership after 3-4 years of consistent payments. Bundled with comprehensive insurance, maintenance, mobile data for Bolt, and free EV charging.
• Leapmotor T03 (Entry EV) Entry-tier electric vehicle offered through the Work & Pay programme at GHS 2,600/week with zero fuel costs. Includes charging, insurance, maintenance, and mobile data for Bolt. Targeted at ride-hailing drivers seeking the most affordable EV option in the fleet.
• Dongfeng Nano Box (Mid-range EV) Mid-range electric vehicle offered through the Work & Pay programme at GHS 2,800/week with zero fuel costs. Includes charging, insurance, maintenance, and mobile data for Bolt.
• Dongfeng Nammi 01 (Premium EV) Premium-tier electric vehicle and the most popular EV option in the Work & Pay fleet, priced at GHS 3,000/week with zero fuel costs. Includes charging, insurance, maintenance, and mobile data for Bolt.
• Wayve Charge (Solar-Powered EV Charging Network) Solar-powered EV charging network providing DC fast charging (up to 150 kW) and AC Level 2 charging (up to 22 kW) across Accra. Powers the Wayve fleet for free and is open to all EV owners via Mobile Money, card, and NFC tap-to-pay. Currently 2 live stations with 10 chargers and 120+ kWp installed solar capacity, with planned expansion to Tema and Kumasi.
• Pay As You Go Insurance Flexible insurance coverage for health and vehicles, allowing daily, weekly, or monthly payments with no lump sums or credit checks. Designed for gig workers and ride-hailing drivers. Health coverage powered by Ayo Insurance (inpatient, outpatient, maternity, dental, optical, mental health); vehicle coverage powered by a Lead Insurance Partner (third party, own damage, theft, fire, passenger liability, roadside assistance).
• Wayve Driver App Mobile application for iOS and Android enabling drivers to manage their vehicle, track weekly payments, access charging stations, and stay connected with Wayve support.
• Wayve UVS (Used Vehicle Solutions) ICE vehicle offerings (including Toyota Vitz) within the Work & Pay programme, providing an alternative for drivers transitioning from conventional vehicles, with servicing available near Wayve Charge hubs.

Quantifiable outcome

• Monthly fuel savings of GHS 1,800-2,500 for EV drivers compared to petrol vehicles
• +4 more outcomes

Named customers3 records

Segments2 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration5 records

Feature4 records

Partnerships

Four partnerships are on record, tiered flagship, core and supporting.

• BoltflagshipGTM or Marketing Partner · 1 April 2026Official EV-first mobility partner of Bolt Ghana. Bolt has invested in Wayve, marking a major milestone in Africa's EV revolution. Bolt provides driver referrals, platform integration, and strategic backing for Wayve's Work & Pay programme targeting Ghana's ride-hailing drivers.
• LeapmotorcoreStrategic or Co-development Partner · 1 January 2025Strategic partnership with Leapmotor to bring affordable EVs (Leapmotor T03) to Ghana through the Work & Pay model. Leapmotor supplies electric vehicles to Wayve's fleet.
• Ayo InsurancesupportingTechnology or IntegrationInsurance partner powering Pay As You Go health insurance for gig workers and drivers. Provides flexible daily, weekly, or monthly payment options for comprehensive health coverage including inpatient, outpatient, maternity, dental, optical, and mental health benefits.
• Lead Insurance PartnersupportingTechnology or IntegrationVehicle insurance partner providing comprehensive coverage for ride-hailing drivers including third party, own damage, theft, fire, passenger liability, and roadside assistance.

Scale indicators8 records

Recent moves6 records

Expansion highlights5 records

Others

• Branch International: Pan-African digital lending platform serving underbanked consumers and gig workers. Comparable fintech infrastructure and risk-underwriting capabilities for thin-file African gig workers.
• Carbon (formerly Paylater): Nigerian digital lending platform serving gig workers and small businesses with flexible credit products. Comparable fintech enablement of underbanked African gig workers through flexible payment structures.

Regional players

• BasiGo: Kenya-based electric bus and mobility platform providing charging infrastructure and financing for electric public transport vehicles. Comparable EV mobility-fintech model targeting a different region and use case (buses vs ride-hailing cars).
• MAX (Metro Africa Xpress): Nigerian mobility-tech company operating ride-hailing and delivery with vehicle financing offerings for drivers. Comparable mobility-fintech and ride-hailing driver enablement, though based in West Africa with focus on motorcycles and cars.
• Yego Moto: Rwanda-based ride-hailing and motorcycle taxi operator with driver financing components. Comparable gig-driver vehicle enablement model in East Africa.

Direct peers

• Tugende: East African asset financing platform enabling motorcycle taxi and ride-hailing drivers to own vehicles through installment payments. Closely comparable drive-to-own financing model serving gig drivers with similar weekly payment structures.
• Spiro: Pan-African electric motorcycle mobility operator operating battery-swap networks across Kenya, Uganda, Nigeria, and Benin. Comparable EV-first mobility model with similar emphasis on lower total cost of ownership for gig drivers.
• M-KOPA: Pay-as-you-go asset financing pioneer in East Africa, primarily for solar home systems and smartphones. Closely comparable fintech model—daily/weekly micro-payments unlocking ownership of productive assets for underbanked customers.
• Moove: Africa and emerging-market focused vehicle financing platform providing ride-hailing drivers with vehicles via revenue-based financing. Operates across Nigeria, Kenya, South Africa, and other markets with similar weekly-payment driver economics to Wayve's Work & Pay model.

Emerging players

• Ampersand: East African electric motorcycle operator providing battery-swap powered EVs to motorcycle taxi drivers. Comparable EV mobility model with focus on lower fuel costs for gig drivers.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/wayveafrica

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about WAYVE