Moove, the mobility company founded in Lagos in 2020, has announced plans to end its operations in Nigeria, with more than ₦35bn worth of vehicles to be transferred to eligible customers at no cost.
The company said the transfer would give current customers full ownership of the vehicles they operate, with no further payment to Moove required for the vehicles from October 1, 2026.
Moove said the move was part of its “Thank You Nigeria” initiative to appreciate customers, employees, partners and communities that supported the company since its establishment.
The company also said all its Nigerian staff would receive a car as part of the exit arrangements.
Moove was founded by Ladi Delano and Jide Odunsi after identifying a gap in vehicle financing for mobility workers. It started with 76 vehicles in Lagos and developed a rental and drive-to-own model for drivers.
Since its launch, the company said more than 9,000 customers have used its rental and Drive-to-Own products in Nigeria, generating approximately ₦57bn in revenue through Moove-financed vehicles.
Delano, the company’s co-founder, co-CEO and advisory board chairman, said Nigeria remained central to Moove’s story.
“Nigeria is where Moove began, and everything we have built since carries something of Lagos with it,” he said.
He said the company’s first customers trusted Moove when it was still an idea, adding that their support helped build the business into a global company.
According to Moove, the business now operates 42,000 vehicles across 29 cities globally.
The company’s exit comes shortly after Uber announced its departure from Nigeria, with Moove having operated closely with the ride-hailing platform.
Moove said it would work directly with affected customers and employees as it winds down its Nigerian operations and completes the transfer of eligible vehicles.
“Nigeria will always be where Moove started,” Delano said, adding that the company’s international growth would not erase its Nigerian roots.
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