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Cars45 Unveils New Products to Make Car Acquisition, Maintenance Easier

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Cars45 CEO

By Dipo Olowookere

A leading tech-enabled automotive trading platform in Nigeria, Cars45, has announced some products offerings aimed to meet the growing needs of its consumers.

According to the firm, which uses its platform to enable the buying and selling of vehicles, making the car ownership dreams of lots of people come true will remain its major imperative.

To achieve this, the company has partnered with some banks and fintechs to provide vehicle financing services to both consumers and car dealers.

Also, Cars45 has unveiled that it called GoMechanic45, an aftermarket service aimed at providing quality and affordable car repair services for consumers and corporates, deepening the culture of preventive maintenance and scheduled servicing in a manner that helps them to maximize the lifetime value of their vehicles.

In addition, the firm has introduced international trade services christened EasyShipDirect. This is an end-to-end importation service that will facilitate the acquisition of clean-titled cars into the country, help the government realise revenue via the payment of import duties and

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Furthermore, the company said its institutional and corporate sales will cater to corporate and government institutions by solving issues around fleet liquidation and valuation as well as supply while adding value to their automotive needs and unlocking new levers of growth and productivity.

According to the CEO of Cars45, Mr Soumobroto “Sunny” Ganguly, the company will continue to make efforts to solve the challenges across the automotive value chain from new, to used, logistics, aftermarket and repair services and scrap vehicles while the business continues to grow on the back of innovation and technology.

Speaking at an interactive session in Lagos, he said, “Cars45 has moved into over 12 cities across Nigeria and two others in Africa.

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“We have a growing franchise dealer network coupled with our Autopreneur support system that has empowered so many young people financially, and our marketplace has exceeded expectations in facilitating consumer-to-consumer vehicle trades and making the car ownership dreams of lots of people come true.

“We are confident in our ability to deliver and the strength of our mission to enable automotive trade across the continent.”

On the recent management changes, the CEO noted that Frontier Car Group (FCG), which had invested in Cars45 Series A fundraise in May 2017, was acquired by OLX Group in November 2019 to demonstrate their ambition to lead the online market for used cars, adding that Cars45 has now been fully integrated as a proud member of the OLX Autos family.

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Also speaking during the briefing, Head, Marketing and Communications, Shola Adekoya reiterated the company’s commitment to driving the growth of the automotive sector in Nigeria and ensuring that car-buying and ownership becomes a seamless, safe and secure experience for consumers.

“We take our responsibility of providing quality service offerings underpinned by transparency and integrity very seriously. It is incumbent upon us to develop value-based products that will enhance value creation for the Nigerian used cars marketplace,” Adekoya stated.

Also, the Head, Lead Management & Marketplace, Patricia Duru, noted that Cars45 has prioritised the delivery of a transformative customer experience for all stakeholders even as its marketplace provides value and variety for consumers.

Dipo Olowookere is a journalist based in Nigeria that has passion for reporting business news stories. At his leisure time, he watches football and supports 3SC of Ibadan. Mr Olowookere can be reached via dipo.olowookere@businesspost.ng

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Bolt Introduces Interest-Free Vehicle Financing Scheme

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Bolt Vehicle Financing Scheme

By Dipo Olowookere

A vehicle financing scheme that will enable drivers in Nigeria to own a car with low equity repayment for about four years with no interest has been introduced by Africa’s leading ride-hailing platform, Bolt.

The vehicle financing programme was made possible through Bolt’s operative verification of driver identities and extensive data on driver activities in partnership with Sterling Bank’s Alternative Finance.

The initiative will provide a better alternative for drivers who currently lease a car via the hire-purchase or rental model to drive on the Bolt platform.

A statement from the firm described this first-of-its-kind offering in Nigeria as part of its commitment to improving earnings for drivers while allowing them to maintain flexibility as vehicle owners.

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“This initiative reiterates our continued commitment to helping our drivers earn more as our partners in moving Nigeria,” Bolt Country Manager, Mr Femi Akin-Laguda, was quoted as saying.

Business Post reports that in the pilot phase, existing Bolt drivers who meet specific performance benchmarks while driving with Bolt will be prioritised for vehicle financing.

These drivers will be able to enjoy upfront equity contributions as low as a 15 per cent mark-up and minimum weekly-instalment payments.

Other benefits from the plan may include a monthly fuel card, comprehensive insurance and vehicle tracking for new and pre-owned cars with a three to a four-year repayment plan.

“Our drivers are vital to our business operations, and improving the earnings of every driver is fundamental to keeping the trust and loyalty that we have earned over the last couple of years,” Mr Akin-Laguda stated.

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“As we expand our presence into more cities across the country, it is important to provide solutions that ensure working with Bolt is more flexible and profitable for drivers, which inherently improves the overall experience for our riders as well.

“More importantly, the vehicle financing programme will enable drivers to earn at their own pace either driving full time or part-time,” he added.

On her part, the Chief Marketing Officer (CMO) of Sterling Bank, Ms Temiloluwa Desalu, said, “We are very excited to be partnering with Africa’s leading ride-hailing platform, Bolt, to bring this service to their drivers, and we are confident of a long-lasting and truly rewarding alliance.”

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“At Sterling Alternative Finance, we understand that Nigeria is a predominantly cash-centric society; this sometimes cripples the purchasing power of the average Nigerian and in effect can have a negative impact on our economy.

“Our mission is to improve the quality of life of Nigerians by providing a more sustainable, flexible, and convenient way to own vehicles.

“Through the Alt drive platform, Nigerians can now purchase new or pre-owned vehicles and pay steadily over a convenient number of years at no interest,” she added.

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PlentyWaka Partners GUO to Expand Travel Offerings

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Plentywaka

By Adedapo Adesanya

Nigeria’s leading transportation technology company, Plentywaka, has partnered with a leading interstate transport company, GUO to expand both companies’ travel offerings.

The partnership will see GUO enable its ticket booking on the Plentywaka app, therefore, joining its interstate travel network, Travelwaka and will also onboard 600 new buses from GUO onto its platform, leading to the opening up of new routes on the Travelwaka platform.

Major routes expected to debut on the platform include Lagos-Abuja along with about 200 others.

The recently-launched Travelwaka is majorly a booking platform for a network of interstate transport companies now including GUO Transports. It provides affordable tickets for major bus travel companies, offering as much as a 10 per cent discount.

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It will also give users an easy and seamless way to compare options from a wide range of travel companies all in a single search, and on one single app as both companies combine technology, and marketing, to bring transport into one simple product, the Plentywaka mobile app.

Speaking on the partnership, co-founder and CEO of Plentywaka, Ms Onyeka Akumah, said: “The partnership with GUO Transport Services Limited is great for our users especially because we know a lot of them have been looking for routes that GUO operates on.”

“We are very excited to have developed the technology behind an easy-to-use mobile app that will make the travel experience seamless for Nigerians,” she added.

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The partnership will capitalise on GUO Transport’s experience, which has one of the largest range of routes among interstate operators on the Nigerian transport scene. Founded in 1980 as a division of G. U. Okeke & Sons Ltd, the company presently services more than 200 routes spanning the length and breadth of Nigeria and spilling into the West African sub-region.

With its modern, environmentally-friendly fleet and professional service, the company has become an icon in the transportation industry, providing safe, enjoyable and affordable travel to millions of passengers annually.

On the part of the company, its Director of Operations, Mr Kene Okeke, said it will enable GUO to deliver its remarkable services to more people.

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“We are excited about this partnership with PlentyWaka because their values and offerings align closely with ours. We can now move more people from across Nigeria conveniently and without hassle.”

With this new partnership and additional 600 buses, Plentywaka brings the total amount of buses on its Travelwaka network to 850. And the transport technology company which has completed over 350,000 rides in the last 20 months isn’t slowing down.

“We will continue to sign leading bus operators in Nigeria as we aim to become the largest aggregator of bus operators in the country providing a better way to manage and monitor their bookings and customers,” the company said.

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Bolt Introduces Free in-App Calling Feature

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bolt in-app calling feature

By Aduragbemi Omiyale

A feature that allows easy communication flow without extra charges to users has been introduced by Africa’s leading ride-hailing platform, Bolt.

The Voice over Internet Protocol (VoIP) feature simplifies communication between riders and drivers and it is part of Bolt’s commitment to the safety of its users.

It was explained that the new feature enables riders and drivers to utilise phone services over the internet, eliminating the cost of regular phone calls. In addition, the VoIP feature adds an extra layer of safety and assurance when riders engage with drivers.

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Bolt pairs thousands of riders and drivers daily, with the in-app calling feature as an added security measure designed to protect user data.

Additionally, the Bolt platform includes other safety features such as GPS tracking, ride-hailing insurance available for all trips, amongst others.

For riders to activate and use the new VoIP feature, they are required to update their Bolt App and tap on the Call in-app button on the Contact driver options menu.

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Once the feature is enabled, a call can be connected through the App to access the phone’s microphone.  The App will also notify a rider when a driver is trying to call them.

“We are constantly innovating and identifying ways to ensure our services remain safe and convenient for both riders and drivers,” the Country Manager at Bolt, Mr Femi Akin-Laguda, stated.

Mr Akin-Laguda added that, “This new feature ensures extra security that secures our riders and drivers’ information and provides cost savings on airtime use.”

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“VoIP is similar to voice calls on other social media applications – users can place a call via the platform without necessarily dialling a phone number,” he added.

Bolt has more than 10,000 drivers on its platform and provides an affordable, convenient and responsible service for riders. The VoIP feature will further improve user experience and enhance communication.

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