Nigerian rent-to-own vehicle company Drive45 Mobility has secured a US$3m senior debt facility from TLG Capital, a private credit firm active across sub-Saharan Africa. The facility carries a guarantee from Cascador, delivered in partnership with Morgan Stanley. The deal was announced on 18 September 2026.
Drive45, founded in 2021, bundles vehicle finance with insurance, maintenance, tracking and fleet management and runs more than 170 vehicles. It plans to use the funds to grow its fleet and enter Port Harcourt, Abuja, Kano and Kaduna.
