Agilitee, the world’s first black-owned electric vehicle manufacturer and its parent company Lamba Automotive (Pty) Ltd have launched a business opportunity that is intended to help people generate cash flow while they sit at home doing nothing.
Speaking to the founder of both companies, billionaire visionary Dr. Mandla Lamba on this he said, My Ride is an ownership program that allows you to own Agilitee full electric delivery scooters for deliveries and the Agilitee Self-charging Car, Agilitee Go for uber or bolt.
Unlike uber and bolt, Lamba said there is no need to find a driver after you purchase an Agilitee electric scooter or the Self-charging car, My Ride program has pre-orders that are made by people daily so instead of letting drivers rent from Agilitee, the company let them rent My Ride.
“So as the owner you get to earn all the money paid by the person renting your scooter or car. In the case of delivery scooters, we have Agilitee Loadex which comes with an AI Helmet at R60, 000 with a motor plan of 100, 000km so you don’t have to worry about the maintenance of the scooter as the owner for that period. So you buy the Loadex at R60, 000 and put it under My Ride where it generates R800 per week for you as the owner, then My Ride turns around and pays you that money every end of the month as R3200 per month.,” said Lamba.
“We have conducted a thorough research on this and this program has been in the works for a while now. We have structured it in a way that everyone benefits, the owner who buys the scooter and puts it under My Ride gets to generate a monthly cash flow of R3200 which is a total annualized amount of R38, 400 which is more than seven times what R60, 000 earns in a fixed deposit account at a bank that is mere R5 508 per year. So we made sure the owners win big time.Then we have a driver who rents this delivery scooter and pays R800 per week.”
Currently delivery scooter drivers pay R650 per week to rent a petrol scooter and also spend a minimum of R1100 on petrol per week and they do about 60km per day.
Agilitee Loadex has a range of 70km per charge, it is full electric and doesn’t need any petrol.
The drivers save a minimum of R1100 on petrol per week which is a minimum of R4400 per month which now accounts as profit in their businesses.
“So we have made this work for everyone. You don’t have to be in South Africa to buy the scooter and put it under My Ride and make money. You could be anywhere in Africa minding your business and still be making money from this,” said Lamba.
My Ride is a lease to own program, so it gives the drivers a six months leasing trial period where the program monitors the condition of the scooter and if the driver is keeping it in a satisfactory condition to My Ride for six months, the lease would then be converted into a purchase.
“If the owner of the scooter doesn’t want to sell and prefers to continue leasing, then Agilitee will provide another electric scooter to the driver for purchase and the one for leasing would be allocated to another new driver who just joined the program. This is the most brilliant concept for mobility because it will also help with EV adoption in Africa because it also involves the public who get a chance to make money while pushing the continent for EV adoption,” Lamba said
While Agilitee rolls out the electric scooters, My Ride in partnership with Lamba Automotive and the public who are owners of the scooters under My Ride Program will also be doing their own rollout on large scale and with this approach it is for certain that Africa is about to shine at the forefront of the green revolution in Africa.
Agilitee started a massive rollout of its electric scooters last week in South Africa and My Ride is also starting its rollout this weekend.