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Moove, the global mobility company founded in Lagos, has announced plans to conclude its operations in Nigeria, six years after its establishment, while transferring vehicles worth an estimated N35 billion to eligible customers at no additional cost.
The company made the announcement on Thursday, October 8, 2026, describing the move as a “Thank You Nigeria” initiative to recognise the customers, employees, partners and communities that supported its growth from a Nigerian start-up into a global mobility business.
Under the initiative, eligible customers currently operating Moove-financed vehicles will receive full ownership of the vehicles, with no further payment to Moove required for the vehicles themselves from October 1, 2026.
Moove said it would work directly with affected customers to complete the transfer of ownership as it winds down its Nigerian operations.
The company was founded in Lagos in 2020 by Ladi Delano and Jide Odunsi after identifying the difficulty faced by mobility entrepreneurs in accessing vehicle financing.
It started operations with 76 vehicles in Lagos and developed its Rental & Drive-to-Own model, which enabled drivers and other mobility entrepreneurs to access vehicles and work towards ownership.
According to the company, the model developed in Nigeria became the foundation for its international expansion. Moove now operates 42,000 vehicles across 29 cities globally.
Since its launch, the company said more than 9,000 customers have used its Drive-to-Own and rental products in Nigeria, generating approximately ₦57 billion in revenue through Moove-financed vehicles.
Moove said the impact extended beyond vehicle financing, with the business supporting the livelihoods of thousands of drivers, their families and other businesses connected to the mobility ecosystem.
Ladi Delano, Co-Founder, Co-CEO and Advisory Board Chairman of Moove, said Nigeria would remain central to the company’s story despite the decision to end its local operations.
“Nigeria is where Moove began, and everything we have built since carries something of Lagos with it,” Delano said.
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He said the company was established to help hardworking mobility entrepreneurs who wanted to earn a living but lacked access to the vehicles and financing required to do so.
“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’,” he said.
Delano described the conclusion of the company’s Nigerian operations as “an emotional moment,” noting that Nigeria provided Moove with its first customers and many of the people who built the foundations of the company.
He added that the transfer of the vehicles was intended to ensure that the company’s final actions in Nigeria reflected its appreciation to customers.
“To our Nigerian team, thank you. Your commitment, resourcefulness and belief in the mission carried Moove through its earliest and most important years,” Delano said.
He also thanked customers, partners, regulators and the wider community for their support, saying Nigeria would remain the starting point of Moove’s global story.
“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,” he said.
In addition to transferring eligible vehicles to customers, Moove said it would reward all its staff members with a free car as part of its appreciation for their contributions to the company.
The company said it would continue to engage affected customers and employees as it completes the process of concluding its Nigerian operations and transferring ownership of eligible vehicles.
