Flot provides ride‑hailing drivers in Africa with a zero‑down, lease‑to‑own electric vehicle program that bundles maintenance, all‑risk insurance, GPS tracking and 24/7 roadside assistance into a fixed daily fee, with ownership transferred after 36 months. The service includes rapid 48‑hour vehicle delivery, instant mobile‑money payouts, and a mobile app for contract and trip management, enabling drivers to adopt low‑emission cars while preserving cash flow.
Funding
Funding not disclosed
Founders
Product
Problem
Ride‑hailing drivers often cannot afford the high upfront cost of electric vehicles, and they lack access to bundled services such as maintenance, insurance, and real‑time tracking, which limits their ability to adopt zero‑emission cars and grow their earnings.
Solution
Flot offers a lease‑to‑own program that provides drivers with a fully electric vehicle (401 km range) at zero upfront cost. Drivers pay a fixed daily fee that includes maintenance, comprehensive insurance, and GPS tracking, and after 36 months the vehicle is owned outright. The cars are delivered within 48 hours of eligibility verification, and earnings from each trip are paid out instantly via mobile‑money platforms. The model combines vehicle access, operational support, and a clear path to ownership, enabling drivers to transition to low‑emission mobility while maintaining cash‑flow flexibility.
Target Audience
Primary customers are independent VTC (ride‑hailing) drivers in Africa who need affordable electric vehicles and bundled operational services to run their businesses.
Features
- Zero‑down, daily payment structure with ownership transfer after 36 months
- Included full maintenance, all‑risk insurance, and 24/7 roadside assistance
- Integrated GPS tracker for fleet monitoring and driver safety
- Immediate mobile‑money payouts for completed trips
- Rapid vehicle delivery within 48 hours after eligibility approval
- 401 km driving range per charge with autonomous home charging capability
- Mobile application for contract management, trip tracking, and support