Private invitation · Friends & family roundZeno Smart Mobility Ltd · Lagos

100 electric cars.
Your ₦6.5M puts one on Lagos roads.

Zeno Smart Mobility is acquiring 100 electric vehicles for its ride-hailing fleet. Access Bank finances 80%. We are raising the 20% equity contribution, ₦650 million, from people we know. The money comes in as 4-year investment notes paying 20% a year back to you every month.

Unit size₦6,500,000Multiples allowed · 100 units

Return20% p.a.Fixed, reducing balance

Tenor48 monthsFully repaid by month 48

Monthly to you, per unit₦197,797Starts the month after the cars are deployed

The pitch

₦630 billion spent on ride-hailing in Lagos since 2023

Riders are spending more. Drivers need more cars and can't get the finance to buy them. That gap is where your money earns.

₦783min fares every day in 2026

3.54mtrips a month, up 23.4% on 2024

+35.5%rise in the average fare, 2024 to 2026

107.7mtrips recorded since April 2023

Reported fares by year

2024

₦170.5bn

2025

₦241.5bn

2026 Jan–Sep

₦213.8bn

2026 covers nine months and is already 88% of the full 2025 total.

Riders are spending more. About ₦783 million a day in 2026, on more trips than ever, at fares 35.5% higher than in 2024. Demand is not the problem.
Drivers need more cars. There are not enough vehicles to meet that demand.
Drivers can't get finance. Most cannot borrow to buy a car, and the lenders who used to fund driver cars have pulled back. So the cars on the road get older, and the trips get worse.
You have felt it. You have paid good money to sit in cars that look and feel horrible: worn seats, broken air-conditioning, doors that barely close.
Now you can fix it and earn. Your investment puts brand-new cars on the road, pays you a fixed monthly return, and lifts the standard of every ride, including yours the next time you book one.

Why you should do this with us

Three fleets we built, run and proved

Zeno Fleet

Live25 pre-owned 2022 Toyota Corollas · launched in October 2026

₦64.18mtotal gross earnings

6,872trips completed

25active vehicles

9trips per vehicle a day, on average

LagosRide

1,084 days · Mar 2022 to Mar 2025

7.2mtrips requested

1.2mtrips fulfilled

₦7.2bngross revenue

555kriders

9,229drivers

24mkm covered

1.1mtransit hours

0minutes downtime

CabZero

Clean-energy EVs

21,000+trips

118drivers recruited

501,108km covered

40,089litres of petrol avoided

92.6tCO₂ prevented

4,410trees equivalent

How your money comes back

1 · Drivers earn

Each car targets ₦90,000 gross fares a day across Zeno and other platforms.

2 · Fares land

Drivers remit into their own CashBridge dedicated virtual account. No cash handling.

3 · Weekly sweep

Every Monday night the accounts sweep to the Project 100 collection account at Access Bank.

4 · Waterfall

Funds split into operations, drivers, charging, maintenance, insurance and debt service.

5 · You get paid

Your monthly note payment goes to your bank account after the bank instalment.

Financial analysis

Can the fleet carry the debt?

A 48-month monthly model of fares, running costs, the Access Bank loan and your notes, with every car earning the ₦90,000 daily target.

The model

The fleet

100 electric cars

Brand-new, comprehensively insured, with telematics and dashcams from day one, backed by dedicated charging infrastructure.

Drive to Earn

2 drivers / car

Alternate 24-hour shifts, about 15 days a month each. ₦150,000 guaranteed monthly pay plus commission.

Daily target

₦90,000 gross

Per car per day, every day of the month.

What the numbers say

The fleet breaks even on all payments at about ₦82,800 a car a day, 92% of the ₦90,000 target.
The fleet stays in surplus every month and ends four years about ₦419 million ahead after every bank and investor payment.
After 48 months the fleet is debt-free. At an assumed 40% residual value it is worth about ₦1.3 billion to Zeno.

Your repayment schedule

Choose how many ₦6.5M units to take.

You invest: ₦6,500,000
Monthly payment to you: ₦197,797
Total received over 48 months: ₦9,494,273
Return on top of capital: ₦2,994,273

Year	Received	Capital back	Return	Balance owed to you
Year 1	₦2,373,568	₦1,177,657	₦1,195,912	₦5,322,343
Year 2	₦2,373,568	₦1,436,024	₦937,544	₦3,886,320
Year 3	₦2,373,568	₦1,751,075	₦622,494	₦2,135,245
Year 4	₦2,373,568	₦2,135,245	₦238,323	₦0

Contract documents

Read before you commit

Drafts for review. Final versions will be issued for signature once your interest is confirmed and our lawyers have signed off.

Draft · not for signature

Indicative Term Sheet

Project 100 Investment Notes · Zeno Smart Mobility Ltd

Issuer: Zeno Smart Mobility Ltd, a company incorporated in Nigeria (RC [number])
Instrument: Unsecured, amortising investment notes (the "Notes")
Purpose: Fund the 20% equity contribution toward the acquisition of 100 electric vehicles for ride-hailing operations in Lagos
Project cost: ₦3,250,000,000, covering 100 electric vehicles, charging infrastructure, fit-out and set-up
Senior financing: ₦2,600,000,000 credit facility from Access Bank Plc, 48 months, [25%] p.a.
Amount raised: ₦650,000,000, being the 20% equity contribution
Unit size: ₦6,500,000 per unit; investors may subscribe for multiple units; 100 units in total
Return: 20% per annum, calculated monthly on the reducing balance
Tenor: 48 monthly repayments, starting the month after the Deployment Date
Repayment: 48 equal monthly instalments of principal and return of ₦197,797.36 per unit
Ranking: Subordinated to the Access Bank facility; ranks ahead of any distribution to Zeno's shareholders
Governing law: Laws of the Federal Republic of Nigeria; disputes by arbitration in Lagos

This term sheet is indicative and non-binding, except for confidentiality. Binding terms are set out only in the signed Subscription Agreement.

Next step

Register your interest

This is a non-binding indication. We'll confirm allocations, and send the final agreement for signature. Fund your units only after you've signed.

Round progress

Interest is being collected.

What happens next

We review interest and confirm your allocation by phone.
You receive the final Subscription Agreement to sign.
You fund the designated subscription account. Funds are refunded in full if the bank facility is not drawn.
Monthly payments start the month after all 100 vehicles are deployed.

Funding

Fund your investment

Once you've signed your Subscription Agreement, transfer your subscription amount to the account below, then confirm your payment here so we can acknowledge it quickly.

Pay into

Account name: Zenolynk Tech Ltd
Account number: 1301000911
Bank: Providus Bank

Use your full name as the transfer narration. Amount: ₦6,500,000 per unit.

After you confirm

We match your transfer against our account statement.
We acknowledge your payment by phone or email.
You receive your countersigned agreement and Note certificate.