Moove wound down its Nigerian home market five weeks after Uber's exit

Vehicle financing for ride-hailing drivers and fleet operations, now including Waymo robotaxi fleet management.

That drivers locked out of traditional credit would repay vehicle financing embedded in ride-hailing and robotaxi fleets — at scale across continents.

$5.5M seed in 2020, rising to more than $710M raised in total by 2026.

Ladi Delano and Jide Odunsi founded Moove in Lagos in 2020 with 76 vehicles, after seeing that talented, hardworking mobility entrepreneurs wanted to earn but could not get access to vehicles or finance.

Series A of $23M in 2021, $105M A2 in 2022, $76M in 2023, then a $100M Uber-led Series B in March 2024; a $250M Series C in 2026 lifted the valuation to $2.1B. It became Waymo's fleet operator in Phoenix, Miami and Las Vegas, with London expected.

Uber's September 2 exit from Nigeria removed both a demand channel and a strategic investor's vote of confidence in the market.

Ride-hailing economics in Nigeria deteriorated: fuel and maintenance costs rose, drivers pushed back on commissions, and inflation weakened purchasing power.

Moove disclosed no Nigeria-specific reason, but the withdrawal follows Uber's playbook of redirecting resources to markets seen as offering more value at scale.

Home markets are not exempt from portfolio logic: a company that allocates capital by market will leave even the city on its founding story when the unit economics stop working.

As of October 9, 2026, Moove continues operating in 13 countries and is expanding its Waymo partnership toward London. Nigeria's mobility retreat now includes SafeBoda (2022), Hytch (2023), Uber (September 2026) and Moove — from the founder: 'Nigeria is where Moove began, and everything we have built since carries something of Lagos with it.'