After Uber’s Exit, Moove Leaves Nigeria, Offers N35 Billion Cars to Customers
• Over 9,000 customers to receive full ownership of vehicles •Firm exiting Nigeria after six years Emmanuel Addeh in Abuja Moove, the mobility financing company founded in Lagos, is winding
Mobility financing firm Moove, founded in Lagos, has ended its six-year operations in Nigeria, transferring ownership of vehicles to over 9,000 customers valued at approximately N35 billion. The decision comes shortly after Uber announced the closure of its operations in the country, which Moove co-invested in. Moove's CO-Founder, Co-CEO, and Advisory Board Chairman, Ladi Delano, emphasized that Nigeria remains central to the company's identity, despite its expansion into international markets.
The exit package recognizes the contributions of customers and employees to the business. Over 9,000 customers have utilized Moove's Drive to Own and rental products, with vehicles generating N57 billion in revenue. The company cites the vehicles as enabling customers to earn incomes, support families, and build livelihoods. The transfer of vehicles to customers is described as an emotional gesture, reflecting Moove's appreciation for those who helped build its Nigerian business.
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