TechCabal
Why Moove is leaving the Nigerian market it was built in
Moove's future is in robotaxi depots in the United States, so its Nigerian business, which had challenges, no longer represents a solid business.
Via TechCabal
·Excerpt
Six years after Moove put 76 cars on Lagos roads and asked Uber drivers to pay for them out of their earnings, the mobility company is leaving Nigeria, its founding market, and handing many of those drivers their cars.
In a statement on Thursday, Moove said it will hand over eligible vehicles worth about ₦35 billion ($26.3 million) to the drivers, with no further payment due from October 1. Every Moove employee will also get a free car. The announcement…
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