Company profile
Drive45 Mobility Limited
Drive45 Mobility Limited, trading as Drive45, is a Nigerian mobility fintech company founded in 2021 in Lagos, Nigeria. Headquartered in Lagos with operations across Nigeria, the company provides vehicle subscription services targeting both individual consumers and business enterprises. Core offerings include a rent-to-own vehicle subscription model that enables access to brand-new and pre-owned vehicles without upfront payment, bundled with maintenance and insurance services, and fleet management solutions for corporate clients. Business customers include Olam, Tolaram, and Eko Electricity Distribution Company, who utilise Drive45's subscription model to eliminate large capital expenditures whilst accessing scalable fleet solutions. For retail customers, subscription plans start from NGN 100,000 monthly with flexible terms ranging from three to six years.
- Sector
- Consumer / Auto Services, Automobiles
- Markets
- Nigeria
- Founded
- 2021
- Ownership
- Private
- Stage
- Startup
- Capital raised
- $4.3m
- Employees
- 11-50
- Business model
- B2B, B2C Subscription, Rental/Leasing
Products and services
Vehicle Subscription Service (Rent-to-Own), Fleet Management Solutions, Vehicle Leasing, Vehicle Financing, Bundled Maintenance Services, Bundled Insurance Services & Corporate Fleet Solutions
Transactions
| Date | Transaction | Type | Value | Market |
|---|---|---|---|---|
| 9 Sep 2026 | TLG Capital invests USD 3 million in Drive45 Mobility's operations in Nigeria | Private Credit | $3m | Nigeria |
Source: Partner Researchers.