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Drive45

Operating

Drive45 enables vehicle ownership for enterprise and retail customers through a Rent-to-Own mobility subscription model.

Updated Source: SLA Startup IndexHow we verify →
Total raised
$3M
disclosed
Last round
$3M
Debt Financing
Rounds
3
since 2021
Investors
2
on record
Employees
11-50

About Drive45

Drive45 enables vehicle ownership for enterprise and retail customers through a Rent-to-Own mobility subscription model. This tech-enabled mobility platform offers a vehicle subscription model in Nigeria, allowing individuals and businesses to own cars without upfront payments.

Drive45 funding3 rounds

All 3 rounds →

Drive45 has raised $3M across 3 disclosed rounds. The latest is a $3M Debt Financing announced 09 Sep 2026.

AnnouncedRoundLead · investorsAmount
09 Sep 2026Drive45 Debt FinancingTLG Capital$3M
16 May 2025Drive45 Debt FinancingCascadorNot disclosed
16 May 2025Drive45 SeedCascadorNot disclosed

Drive45 founders & team

Full team →

Drive45 competitorssame sector · similar funding

  • Fleetsimplify

    Monetizing ride-sharing vehicles made effortless · Kenya

  • eWAKA

    eWAKA Mobility Limited is Africa’s foremost electromobility company, which is set to revolutionise emobility across the continent. · Kenya

  • AlFleet

    AlFleet is an Egyptian car rental service app connecting customers to car rental companies. · Egypt

  • AT Instruments

    AT Instruments is an Egyptian IoT startup which uses AI to solve problems in the MaaS industry. · Egypt

  • Tracker Connect

    Tracker Connect provides vehicle safety solutions such as vehicle tracking, stolen vehicle recovery systems, and fleet management · South Africa

  • GoMetro

    Empowering fleet operators worldwide with data-driven mobility solutions. · South Africa

Fleet Management startups across Africa

Frequently asked about Drive45

Where is Drive45 based and when was it founded?
Drive45 is headquartered in Lagos, Nigeria and was founded in 2021.
Who founded Drive45?
Drive45 was founded by Oluwaseyi Adefemi (Co-Founder & CEO), Oluwaseyi Adefemi (Co-Founder & CEO), Soumobroto Ganguly (Cofounder & Chairman) and Soumobroto Ganguly (Cofounder & Chairman).
Who is the CEO of Drive45?
Oluwaseyi Adefemi is Drive45's Co-Founder & CEO.
How much funding has Drive45 raised?
Drive45 has raised $3M across 3 disclosed rounds. Its latest, a $3M Debt Financing, was announced on Sep 09, 2026.
Who has invested in Drive45?
Backers include TLG Capital and Cascador.
What sector is Drive45 in?
Drive45 operates in Fleet Management, Transportation and Supply chain.