An African billionaire, South African Dr. Mandla Lamba has revamped the “My Ride” app (ride services) to meet the needs of other African markets such as Ghana, Nigeria and Kenya.
The revamped app is now known as “Green Ark”.
Green Ark in the first five working days sold a total of 50 scooters or motorbikes, created a weekly income of R40,000 for its 50 member partners and a weekly savings of R87,500 for subscribers who use electric scooters manufactured for the African environment.
It started as an ownership program that allows ownership of fully electric “Agilitee” delivery scooters for deliveries and expanded to the “Agilitee” self-charging car, Agilitee Go for uber or bolt.
According to Dr. Lamba, the owner earns all the money paid by the person who rents a scooter or a car.
“In the case of delivery scooters, we have Agilitee Loadex which comes with an AI helmet with a 100,000 km engine plan. So you don’t have to worry about the maintenance of the scooter as an owner during this period “.
“So you buy the Loadex and put it under My Ride where it generates around R800 per week for you as the owner and then My Ride turns around and pays you that money at the end of the month in the form of R200 per month”.
He further added that “we have done extensive research on this and this program has been in the works for some time now. We have structured it in such a way that everyone benefits, the owner who buys the scooter and puts it under My Ride generates a monthly cash flow of R3,200, or a total annualized amount of R38,400, or more than seven times what rand 60,000 earns on a fixed deposit account at a bank which is only 5,508 rand a year.
“So we made sure that the owners win big. Then we have a driver who hires this delivery scooter and pays R800 per week.
Currently, delivery scooter drivers pay R650 per week to hire a petrol scooter and also spend a minimum of R1100 on petrol per week and travel around 60 kilometers per day.
Agilitee Loadex has a range of 70 km per charge, it is fully electric and does not need petrol.
The drivers are saving a minimum of R1100-2000 on petrol per week, or a minimum of R4400-6000 per month, which is now a profit in their businesses.
“So we made it work for everyone. You don’t have to be in South Africa to buy the scooter and put it under My Ride and earn money. You could be anywhere in Africa minding your business and still making money from it,” Lamba said.
The program is a lease with an option to purchase. So, it gives drivers a six-month rental trial period during which the program monitors the condition of the scooter and if the driver keeps it in a satisfactory condition for the program for six months, then the lease would convert to a purchase. .