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From Startup to Superpower: ₦2 billion Cascador win catapults Drive45's mission
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From Startup to Superpower: ₦2 billion Cascador win catapults Drive45's mission
Seyi Adefemi built Drive45 into a ₦1.5 billion revenue business with zero marketing budget. Now, armed with Cascador’s ₦2 billion catalytic fund, he’s ready to solve Nigeria’s mobility problem at scale. The mathematics of vehicle ownership in Nigeria no longer makes sense. A brand-new Toyota Camry now sells for about ₦100 million ($65,166). Even second-hand cars average ₦9 million ($5,845), while the minimum wage stands at a meagre ₦70,000 ($45)…
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