V-MOBIX 100,000-Vehicle Financial Model

Six-city Phase-1 network • Seven club units • 100,000 vehicle target

Connect • Drive • Belong.

Planning Model — Figures in Nigerian Naira (₦)

Executive Financial Dashboard

Year-1 Gross Collections

₦61.00B

Registration + insurance + 10-month service

Recurring Annual Collections

₦59.00B

Insurance + service, excluding one-time registration

5-Year Gross Collections

₦297.00B

Assumes 100,000 active vehicles throughout

5-Year V-MOBIX Revenue Opportunity

₦146.25B

Base planning allocation shown below

Core Commercial Assumptions

Registration

₦20,000

One-time per vehicle

Service Premium

₦50,000/month

Charged for 10 months = ₦500,000 per vehicle/year

Insurance

₦100,000

Abuja and Lagos per vehicle/year

Insurance — Other Cities

₦75,000

Kaduna, Kano, Port Harcourt and Ibadan

Service-period correction: the service premium is not a 12-month charge. It is ₦50,000 × 10 = ₦500,000 per vehicle per year.

1. City-by-City 100,000-Vehicle Model

No.	V-MOBIX Car Club	City	Target Vehicles	Registration @ ₦20K	Insurance / Vehicle	Annual Insurance	Service / Vehicle / Year	10-Month Service Revenue	Total Year-1 Collection
1	UNITY CAR CLUB	Abuja	20,000	₦400M	₦100,000	₦2.000B	₦500,000	₦10.000B	₦12.400B
2	CROCODILE CAR CLUB	Kaduna	10,000	₦200M	₦75,000	₦750M	₦500,000	₦5.000B	₦5.950B
3	KANO CITY CAR CLUB	Kano	10,000	₦200M	₦75,000	₦750M	₦500,000	₦5.000B	₦5.950B
4	EKO CAR CLUB	Lagos-1	20,000	₦400M	₦100,000	₦2.000B	₦500,000	₦10.000B	₦12.400B
5	LAGOS LEKKI CAR CLUB	Lagos-2	20,000	₦400M	₦100,000	₦2.000B	₦500,000	₦10.000B	₦12.400B
6	BLACK GOLD CAR CLUB	Port Harcourt	10,000	₦200M	₦75,000	₦750M	₦500,000	₦5.000B	₦5.950B
7	HERITAGE CAR CLUB	Ibadan	10,000	₦200M	₦75,000	₦750M	₦500,000	₦5.000B	₦5.950B
	TOTAL		100,000	₦2.000B	—	₦9.000B	₦500,000	₦50.000B	₦61.000B

2. Gross Collection Waterfall

100,000 vehicles₦2.0BRegistration

Insurance₦9.0BAnnual premium pool

Service₦50.0B₦50K × 10 months

Year 1₦61.0BGross customer collections

3. Insurance Commission — 15%

City / Unit	Insurance Premium	Commission Rate	Projected Commission
Abuja	₦2.000B	15%	₦300M
Kaduna	₦750M	15%	₦112.5M
Kano	₦750M	15%	₦112.5M
Lagos-1	₦2.000B	15%	₦300M
Lagos-2	₦2.000B	15%	₦300M
Port Harcourt	₦750M	15%	₦112.5M
Ibadan	₦750M	15%	₦112.5M
TOTAL	₦9.000B	15%	₦1.350B

Regulatory/contractual qualification: the 15% commission is retained here as the user's commercial planning assumption. The final insurance structure and commission must be confirmed with the licensed insurer/broker and applicable Nigerian insurance regulations before being used as a contractual or guaranteed income figure.

4. Processing Fee

Recommended base model: apply a 5% processing fee to the ₦50B service-premium pool.

₦50,000,000,000 × 5% = ₦2,500,000,000

Projected Processing Fee: ₦2.50B / Year

If instead a 5% fee is contractually charged on the entire ₦61B Year-1 collection, the amount would be ₦3.05B. The model below uses ₦2.50B to avoid automatically treating insurance premiums as V-MOBIX processing revenue.

5. Recommended Service-Premium Allocation

50%

V-MOBIX / Project

₦25.00B/year

Core project share

15%

Car Clubs

₦7.50B/year

Club ecosystem share

10%

Agents

₦5.00B/year

Agent network share

15%

Operating Costs

₦7.50B/year

Technology, people, field and administration

10%

Strategic Reserve

₦5.00B/year

Expansion and development

Important: the 50% / 15% / 10% / 15% / 10% allocation is a recommended planning assumption because no final agent, club, operating-cost and project-share percentages were supplied in the latest instruction.

6. V-MOBIX Project Revenue — Base Planning Case

Revenue Source	Year 1	Year 2	Year 3	Year 4	Year 5	5-Year Total
Registration Income	₦2.000B	—	—	—	—	₦2.000B
Insurance Commission @ 15%	₦1.350B	₦1.350B	₦1.350B	₦1.350B	₦1.350B	₦6.750B
Processing Fee @ 5% of Service	₦2.500B	₦2.500B	₦2.500B	₦2.500B	₦2.500B	₦12.500B
V-MOBIX Share of Service Pool	₦25.000B	₦25.000B	₦25.000B	₦25.000B	₦25.000B	₦125.000B
Indicative V-MOBIX Gross Revenue	₦30.850B	₦28.850B	₦28.850B	₦28.850B	₦28.850B	₦146.250B

7. Five-Year Gross Collection Projection

Year	Active Vehicles	Registration	Insurance	Service Premium	Gross Collections
Year 1	100,000	₦2.0B	₦9.0B	₦50.0B	₦61.0B
Year 2	100,000	—	₦9.0B	₦50.0B	₦59.0B
Year 3	100,000	—	₦9.0B	₦50.0B	₦59.0B
Year 4	100,000	—	₦9.0B	₦50.0B	₦59.0B
Year 5	100,000	—	₦9.0B	₦50.0B	₦59.0B
5-YEAR TOTAL	—	₦2.0B	₦45.0B	₦250.0B	₦297.0B

8. Five-Year Service-Premium Allocation

Allocation	Rate	Annual	5-Year
V-MOBIX / Project Share	50%	₦25.0B	₦125.0B
Car Club Share	15%	₦7.5B	₦37.5B
Agent Network Share	10%	₦5.0B	₦25.0B
Operating Costs	15%	₦7.5B	₦37.5B
Strategic Reserve	10%	₦5.0B	₦25.0B
TOTAL SERVICE POOL	100%	₦50.0B	₦250.0B

9. Per-Vehicle Economics

Registration

₦20K

One-time

Average Insurance

₦90K

₦9B ÷ 100,000 vehicles

Service Premium

₦500K

₦50K × 10 months

Average Year-1 Customer Value

₦610K

Registration + average insurance + service

Recurring average annual vehicle value: ₦590,000 (average insurance ₦90,000 + 10-month service ₦500,000), excluding the one-time registration fee.

10. City Network Summary

City	Club Unit(s)	Vehicles	Share of Fleet	Insurance Rate	Annual Insurance	Annual Service
Abuja	Unity Car Club	20,000	20%	₦100K	₦2.0B	₦10.0B
Kaduna	Crocodile Car Club	10,000	10%	₦75K	₦750M	₦5.0B
Kano	Kano City Car Club	10,000	10%	₦75K	₦750M	₦5.0B
Lagos	Eko + Lagos Lekki Car Clubs	40,000	40%	₦100K	₦4.0B	₦20.0B
Port Harcourt	Black Gold Car Club	10,000	10%	₦75K	₦750M	₦5.0B
Ibadan	Heritage Car Club	10,000	10%	₦75K	₦750M	₦5.0B
TOTAL	7 Club Units	100,000	100%	—	₦9.0B	₦50.0B

11. Five-Year Headline Summary

Total Vehicles

100,000

Across 6 cities / 7 club units

5-Year Service Pool

₦250B

₦50B annually

5-Year Insurance Premiums

₦45B

₦9B annually

5-Year Gross Collections

₦297B

Including Year-1 registration

12. Model Definitions

Gross Customer Collections = registration + insurance premium + service premium.
Recurring Annual Collections exclude the one-time registration amount.
Service Premium is charged at ₦50,000 per month for 10 months, producing ₦500,000 per vehicle per year.
Insurance is ₦100,000 per vehicle in Abuja and Lagos and ₦75,000 in Kaduna, Kano, Port Harcourt and Ibadan.
Insurance Commission is modelled at 15% as instructed, subject to applicable regulation and final insurer/broker agreement.
Processing Fee is modelled at 5% of the service-premium pool, producing ₦2.5B annually.
Agent, club, operating and project allocations are planning assumptions pending final commercial agreements.
The five-year projection assumes 100,000 active vehicles and unchanged prices throughout all five years. It does not include churn, inflation, price escalation, tax, financing costs, bad debt, or new-city expansion.

V-MOBIX 100,000-Vehicle Financial Model

Six-city Phase-1 network • Seven club units • 100,000 vehicle target

Connect • Drive • Belong.

Executive Dashboard

Year-1 Gross Collections

₦61.00B

Registration + insurance + 10-month service

Recurring Annual Collections

₦59.00B

Insurance + service

5-Year Gross Collections

₦297.00B

100,000 active vehicles

5-Year V-MOBIX Revenue Opportunity

₦146.25B

Base planning allocation

Commercial Assumptions

Registration

₦20,000

One-time per vehicle

Service Premium

₦50,000/month

10 months = ₦500,000 per vehicle/year

Abuja & Lagos Insurance

₦100,000

Per vehicle/year

Other Cities Insurance

₦75,000

Kaduna, Kano, Port Harcourt, Ibadan

Service-period correction: ₦50,000 × 10 months = ₦500,000 per vehicle/year.

1. City-by-City Model

No.	Car Club	City	Target	Registration	Insurance/Vehicle	Annual Insurance	Service/Vehicle	Service Revenue	Year-1 Collection
1	UNITY CAR CLUB	Abuja	20,000	₦400M	₦100K	₦2.000B	₦500K	₦10.000B	₦12.400B
2	CROCODILE CAR CLUB	Kaduna	10,000	₦200M	₦75K	₦750M	₦500K	₦5.000B	₦5.950B
3	KANO CITY CAR CLUB	Kano	10,000	₦200M	₦75K	₦750M	₦500K	₦5.000B	₦5.950B
4	EKO CAR CLUB	Lagos-1	20,000	₦400M	₦100K	₦2.000B	₦500K	₦10.000B	₦12.400B
5	LAGOS LEKKI CAR CLUB	Lagos-2	20,000	₦400M	₦100K	₦2.000B	₦500K	₦10.000B	₦12.400B
6	BLACK GOLD CAR CLUB	Port Harcourt	10,000	₦200M	₦75K	₦750M	₦500K	₦5.000B	₦5.950B
7	HERITAGE CAR CLUB	Ibadan	10,000	₦200M	₦75K	₦750M	₦500K	₦5.000B	₦5.950B
	TOTAL		100,000	₦2.000B	—	₦9.000B	₦500K	₦50.000B	₦61.000B

2. Gross Collection Waterfall

Registration₦2.0B

Insurance₦9.0B

10-Month Service₦50.0B

YEAR 1₦61.0B

3. Insurance Commission — 15%

City	Insurance Premium	Rate	Commission
Abuja	₦2.000B	15%	₦300M
Kaduna	₦750M	15%	₦112.5M
Kano	₦750M	15%	₦112.5M
Lagos-1	₦2.000B	15%	₦300M
Lagos-2	₦2.000B	15%	₦300M
Port Harcourt	₦750M	15%	₦112.5M
Ibadan	₦750M	15%	₦112.5M
TOTAL	₦9.000B	15%	₦1.350B

Regulatory/contractual qualification: 15% is retained as the commercial planning assumption requested. Final insurance commission must be confirmed with the licensed insurer/broker and applicable Nigerian insurance rules before it is treated as guaranteed income.

4. Processing Fee

Recommended base: 5% of the ₦50B service-premium pool.

₦50B × 5% = ₦2.50B per year

If a contract instead applies 5% to the entire ₦61B Year-1 collection, the result is ₦3.05B. This model uses ₦2.50B to avoid automatically treating insurance premiums as V-MOBIX processing revenue.

5. Service-Premium Allocation

50%

V-MOBIX / Project

₦25.00B/year

15%

Car Clubs

₦7.50B/year

10%

Agents

₦5.00B/year

15%

Operating Costs

₦7.50B/year

10%

Strategic Reserve

₦5.00B/year

The 50/15/10/15/10 allocation is a planning assumption pending final commercial agreements.

6. V-MOBIX Project Revenue — Base Case

Revenue Source	Year 1	Year 2	Year 3	Year 4	Year 5	5-Year Total
Registration Income	₦2.000B	—	—	—	—	₦2.000B
Insurance Commission @ 15%	₦1.350B	₦1.350B	₦1.350B	₦1.350B	₦1.350B	₦6.750B
Processing Fee @ 5% of Service	₦2.500B	₦2.500B	₦2.500B	₦2.500B	₦2.500B	₦12.500B
V-MOBIX Share of Service Pool	₦25.000B	₦25.000B	₦25.000B	₦25.000B	₦25.000B	₦125.000B
Indicative V-MOBIX Gross Revenue	₦30.850B	₦28.850B	₦28.850B	₦28.850B	₦28.850B	₦146.250B

7. Five-Year Gross Collection Projection

Year	Active Vehicles	Registration	Insurance	Service	Gross Collections
Year 1	100,000	₦2.0B	₦9.0B	₦50.0B	₦61.0B
Year 2	100,000	—	₦9.0B	₦50.0B	₦59.0B
Year 3	100,000	—	₦9.0B	₦50.0B	₦59.0B
Year 4	100,000	—	₦9.0B	₦50.0B	₦59.0B
Year 5	100,000	—	₦9.0B	₦50.0B	₦59.0B
5-YEAR TOTAL	—	₦2.0B	₦45.0B	₦250.0B	₦297.0B

8. Five-Year Service-Premium Allocation

Allocation	Rate	Annual	5-Year
V-MOBIX / Project	50%	₦25.0B	₦125.0B
Car Clubs	15%	₦7.5B	₦37.5B
Agents	10%	₦5.0B	₦25.0B
Operating Costs	15%	₦7.5B	₦37.5B
Strategic Reserve	10%	₦5.0B	₦25.0B
TOTAL SERVICE POOL	100%	₦50.0B	₦250.0B

9. Per-Vehicle Economics

Registration

₦20K

One-time

Average Insurance

₦90K

₦9B ÷ 100,000

Service Premium

₦500K

₦50K × 10 months

Year-1 Average Vehicle Value

₦610K

Registration + average insurance + service

10. Six-City / Seven-Club Network

City	Club Unit(s)	Vehicles	Fleet Share	Insurance	Insurance Revenue	Service Revenue
Abuja	Unity Car Club	20,000	20%	₦100K	₦2.0B	₦10.0B
Kaduna	Crocodile Car Club	10,000	10%	₦75K	₦750M	₦5.0B
Kano	Kano City Car Club	10,000	10%	₦75K	₦750M	₦5.0B
Lagos	Eko + Lagos Lekki	40,000	40%	₦100K	₦4.0B	₦20.0B
Port Harcourt	Black Gold Car Club	10,000	10%	₦75K	₦750M	₦5.0B
Ibadan	Heritage Car Club	10,000	10%	₦75K	₦750M	₦5.0B
TOTAL	7 club units	100,000	100%	—	₦9.0B	₦50.0B

11. Five-Year Headline

Fleet

100,000

6 cities / 7 clubs

5-Year Service Pool

₦250B

₦50B annually

5-Year Insurance Premiums

₦45B

₦9B annually

5-Year Gross Collections

₦297B

Including Year-1 registration

12. Model Definitions & Controls

Gross Customer Collections = registration + insurance premium + service premium.
Recurring Annual Collections exclude one-time registration.
Service Premium = ₦50,000/month for 10 months = ₦500,000/year per vehicle.
Insurance = ₦100,000 in Abuja/Lagos; ₦75,000 in Kaduna/Kano/Port Harcourt/Ibadan.
Insurance Commission = 15% planning assumption, subject to final regulatory and insurer/broker confirmation.
Processing Fee = 5% of service pool in the base case = ₦2.5B/year.
Agent/club/project/operating allocation = planning assumptions pending signed commercial agreements.
Five-year projection assumes 100,000 active vehicles and unchanged prices; it excludes churn, inflation, taxes, financing costs, bad debt and expansion beyond the six-city Phase-1 footprint.