In the ehailing space, a standard vehicle modality is a rent and rent-to-own model. It works if someone who owns a car rents their vehicle to a driver for between R1500 and R3000 per week. Fuel is on the driver’s account, and fixes are on the owner’s account.

There are three main challenges with this model

CASH FOR FUEL
The main challenge is that drivers must measure fuel consumption against their potential earnings. This means they often do not have enough petrol to make trips and are selective. This massively impacts their daily potential income.

UNENDING NON-ECONOMIC WORK
As the driver earns based on their trips, they often work unending hours to ensure they have enough income. This income is not structured in a way that allows them to participate in the general economy as they do not have regular income, or payslips and other such things that sellers of credit and long-term goods and services such as leases, vehicles, homes, etc. need to make a credit assessment of their viability in the market.

ASSET UNDER-UTILIZATION
Each driver has a time limit on the ehailing platform per day (12 hours per day on Uber). Each driver needs to take 6 hours of rest between shifts before they can work again. This means that while the car is out for rental, it has 12 dead hours a day and is not generating income for either the driver or the owner.

THE FLEETLY WAY
Fleetly addresses all three of these problems. We run vehicles on Uber much like a fleet. We give drivers employment contracts in which they earn a set fee per shift (based on performance). These are full-time contracts where the drivers work Monday to Friday. Each car would have two drivers assigned for the shifts from Monday to Friday and an additional two part-time drivers for the weekend, working two shifts as well.