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Moove’s $2.1bn rise exposes Africa’s ownership problem

Moove shows an African company can leave Lagos and conquer global markets. Photo by Matheus Bertelli @ Pexels.
Moove shows an African company can leave Lagos and conquer global markets. Photo by Matheus Bertelli @ Pexels.
  • Moove’s valuation has nearly tripled since its $750m Series B in 2024.
  • African institutional investors remain largely absent as Moove expands into autonomous mobility.

 

LAGOS, NIGERIAMoove’s rise from 76 Lagos cars to a $2.1bn global mobility company validates African innovation while exposing a more uncomfortable question over who owns its rewards.

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