Flot
Flot promotes carbon-free and inclusive mobility by enabling private hire drivers to become owners of electric vehicles.
Flot enables ride-hailing drivers to own their electric vehicles in just 36 months. Its tech-enabled platform integrates scoring, credit, and EV management to boost drivers’ financial autonomy, double their daily disposable income, and cut CO₂ emissions by 40% per driver.
The challenge they want to solve
Despite the growing demand for urban mobility in Francophone Africa, 92% of ride-hailing drivers rent their vehicles informally and remain excluded from banking and financing services. High energy costs (30% of drivers' income, on average) and a lack of ownership options prevent them from achieving financial stability. Traditional lenders are unable to assess their creditworthiness, and most drivers are stuck in a loop of dependence and underpayment, with daily net earnings as low as €8. Meanwhile, the thermal vehicle market continues to dominate, despite an emerging regulatory push toward electric mobility.
The impact they have
Flot empowers ride-hailing drivers to become owners of electric vehicles in just 36 months. By integrating scoring, credit, and EV management into one tech-enabled platform, Flot improves drivers' financial autonomy, doubles their daily disposable income, and contributes to a 40% reduction in CO₂ emissions per driver. The model simultaneously addresses energy costs, access to credit, and environmental sustainability in urban transportation.
The way we measure it
We measure: the increase in daily disposable income, the rate of vehicle ownership after 36 months, the reduction in carbon emissions per vehicle, and the repayment performance of drivers using Flot's platform.