Nigerian-Founded Moove to Exit Country After Uber Pulls Out

Moove, the Nigerian-founded mobility startup valued at $2.1 billion, plans to exit the African country after Uber Technologies Inc. closed its operations in early September.

A Moove representative said the company was planning to “conclude operations in this market.” The representative was responding to questions on the matter. The company added that it did not have any more details to share at this point in time.

Moove Confirms Exit Plan

Moove has confirmed its plan to conclude operations in the market. The mobility startup is valued at $2.1 billion. It did not provide additional details beyond the statement.

Uber Closed Operations in Early September

The exit plan follows Uber Technologies Inc.'s closure of its operations in early September. Uber's decision came before Moove's plan to leave the same African country.

No Further Details

Moove did not share a timeline for the exit or any other details about the move. The company said it had no more details to share at this point in time.