Moove Exits Nigerian Market, Transfers ₦35bn in Vehicles to Customers
Global mobility company Moove says it will conclude operations in Nigeria, six years after launching in Lagos, and transfer full ownership of eligible vehicles, valued at approximately ₦35 billion, to the customers currently using them.
The company said customers will not have to make further payments to Moove for the vehicles from 1 October 2026. It also said it would reward all staff members with a free car.
Founded in Lagos in 2020 by Ladi Delano and Jide Odunsi, Moove was established to provide vehicle financing to gig workers seeking to earn income through mobility. It began with 76 vehicles in the city and developed a Rental and Drive-to-Own model.
Moove said it has since expanded to 29 cities globally, operating 42,000 vehicles. In Nigeria, it has served more than 9,000 customers through its Drive-to-Own and rental products, helping them generate approximately ₦57 billion in revenue.
The company described the vehicle transfers as part of its “Thank You Nigeria” initiative, recognising the customers, employees and communities that supported its growth.
Ladi Delano, Moove co-founder, co-CEO and advisory board chairman, said:
“Nigeria is where Moove began, and everything we have built since carries something of Lagos with it. Jide and I started the company because talented, hardworking mobility entrepreneurs wanted the opportunity to earn, but could not get access to the vehicles and finance they needed. Our first customers trusted us when Moove was still an idea, and that trust made everything that followed possible and for that we “thank you”.
“More than 9,000 customers have used our Drive-to-Own and rental products in Nigeria.
Their work generated approximately ₦57 billion in revenue through Moove-financed
vehicles. Those numbers matter because they represent people earning, supporting their families and building their own futures.
“This is an emotional moment for us. Nigeria gave Moove its beginning, its first customers and many of the people who built the foundations of our company. As we conclude our operations, we want our actions to reflect our gratitude. Eligible vehicles worth approximately ₦35 billion will pass into full ownership of the customers who operate them, with no further payment to Moove required for the vehicles themselves.
“To our Nigerian team, thank you. Your commitment, resourcefulness and belief in the mission carried Moove through its earliest and most important years. You turned an idea that began in Lagos into a company that now operates across 29 cities globally. Jide and I will always be grateful for what you have built and for the way you have represented Moove.
“To our customers, thank you for partnering with us and realising our collective ambitions. To our partners, regulators and the wider community, thank you for supporting a young Nigerian company and helping it grow into a global business.
“Nigeria will always be where Moove started. As we continue to grow internationally, we will do everything we can to make Nigeria proud and to build a lasting global success story that never forgets where it began. Wherever Moove goes next, our story will always start in Lagos.”
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.
