Moove, the global mobility company founded in Lagos, has announced plans to conclude its operations in Nigeria six years after its establishment, expressing gratitude to the customers, employees, partners and communities that supported its growth from a Nigerian start-up into an international business.
Founded in 2020 by Ladi Delano and Jide Odunsi, Moove was established to address the challenges faced by gig workers in Nigeria who wanted to earn a living through mobility services but lacked access to the vehicle financing needed to do so.
The company began operations in Lagos with 76 vehicles and developed its Rental and Drive-to-Own model to provide mobility entrepreneurs with access to new vehicles and a pathway to ownership.
The model laid the foundation for Moove's international expansion. The company now operates 42,000 vehicles across 29 cities globally.
Since its inception, Moove has served more than 9,000 customers through its Drive-to-Own and rental products in Nigeria, helping them generate approximately ₦57 billion in revenue and supporting livelihoods, families and businesses across the country.
As part of its exit from the Nigerian market, eligible vehicles with an estimated combined value of approximately ₦35 billion will be transferred into the full ownership of the customers currently operating them. Effective 1 October 2026, customers will not be required to make any further payments to Moove for the vehicles themselves.
The company will also reward all staff members with a free car as a gesture of appreciation for their contributions.
The initiative, tagged ‘Thank You Nigeria’, is Moove's way of recognising the customers, employees and wider community whose trust, expertise and support helped shape the company from its earliest days.
Ladi Delano, Co-Founder, Co-CEO and Advisory Board Chairman of Moove, 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 concludes its Nigerian operations and completes the transfer of eligible vehicles.
The company's departure marks the end of its operations in the market where its vehicle financing model was first developed, while the transfer of eligible vehicles represents a significant part of its effort to recognise the contributions of the people who helped build the business.
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