Moove , a global mobility company founded in Lagos, has announced it will close its Nigerian operations, six years after it began operating in the country.

The exit comes barely a month after Uber announced its withdrawal from Nigeria after 12 years of operations.

Moove said it would conclude its operations in Nigeria and transfer vehicles worth approximately N35 billion to eligible customers who currently use them, with no further payment required from October 1, 2026.

Moove was founded in 2020 by Ladi Delano and Jide Odunsi after they identified the difficulty faced by gig workers who wanted to earn through mobility but lacked access to vehicle financing.

The company began operations in Lagos with 76 vehicles and introduced its rental and drive-to-own model.

Allowing mobility entrepreneurs to access vehicles and work towards ownership.

According to Moove, it has since expanded to 29 cities globally, with 42,000 vehicles, while serving more than 9,000 customers across its drive-to-own and rental products in Nigeria.

The company said customers using Moove-financed vehicles had generated approximately N57 billion in revenue since it began operations in the country.

Announcing the closure, Delano, Moove’s co-founder and advisory board chairman, said the company wanted its exit to reflect its appreciation to customers and employees.

“Nigeria is where Moove began, and everything we have built since carries something of Lagos with it,” he said.

Delano said eligible vehicles worth approximately N35 billion would pass into full ownership of the customers currently operating them, with no further payment required for the vehicles themselves.

He also thanked Moove’s Nigerian employees, customers, partners, regulators and other stakeholders for their contributions to the company’s growth.

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.