Why the economics work
Every claim on this page carries its basis. A figure without a source or a stated assumption does not ship.
Blended target cost of N120–150/kWh at a mature hub, against Band A grid at N209.50/kWh and a public market clearing at N300 (AC) to N500 (DC). That spread is simultaneously our fleet cost advantage and a standalone charging business.
A full shift burns N50,000–60,000 of petrol; the same 250–300 km costs about N8,400 of electricity. We price the lease to split that gap. Payback is 3.1 years on a single shift, 1.7 years double-shifted.
The same vehicle, hub and team earn mobility, energy, maintenance and data revenue — which is what lets the unit economics survive a bad quarter in any one of them.
Fuel, lease and maintenance for a 275 km day. Hover or focus any segment.
| Line | Petrol, renting a vehicle | MOBIGRID EV | Difference |
|---|---|---|---|
| Fuel / electricity | (N55,000) | (N8,415) | +N46,585 |
| Vehicle lease | (N12,000) | (N30,000) | (N18,000) |
| Maintenance borne by driver | (N2,000) | N0 — included | +N2,000 |
| Change to the driver's day | — | — | +N30,585 |
Gross fares and the 25% platform commission are identical on both sides and cancel out, so this is the difference a switch makes, not the driver's full profit and loss. Illustrated at a N55,000 fuel day over 275 km; electricity is 275 km at 17 kWh/100 km and N150/kWh with a 20% charging allowance. Across a N50,000–60,000 fuel bill the gain ranges +N26,350 to +N34,820. Even after a lease 150% higher, the driver keeps materially more — because we removed their largest cost and absorbed their most unpredictable one. Gross revenue per driven kilometre remains the weakest input in our model and is being measured directly in the micro-pilot.