Nigeria is home to some of the most innovative startups and many of them are disrupting their respective industries in highly unpredictable ways. From fintech to healthcare, edtech to agritech, we’ve seen incredible ideas mushroom from Nigeria and the continent at large.
Moove is certainly among the leading startups making gigantic strides in their growth journey. The startup is a mobility enabler that seeks to democratize vehicle ownership financing. The company finances drivers in the mobility space, particularly those in the ride-hailing industry. With its flexible car ownership deal, Moove hopes to help more people across the continent own cars and hopefully make a living driving them.
The company partnered with Uber and facilitate drivers in acquiring vehicles through affordable financing. Drivers are allowed access to new vehicles and up to 95% of the purchase within five days of signing up. Payment plans are spread over a period of 24, 36 or 48 months.
Moove has now extended its business operation in India, the company said it will be launching 5,000 electric vehicles(EV) as well as (Compressed Natural Gas). CNG vehicles within its first year of operation, it hopes to increase these numbers to over 30,000 cars within the next five years, opening up employment opportunities in India’s fast-rising economy.
India is Moove’s first market outside Africa and its services will be available first in the cities of Mumbai, Hyderabad, and Bangalore.