FCS Moove
Sector: Automotive • Location: Nigeria
Source: International Finance Corporation (IFC)
Moove Africa (the “company”) is a Nigeria based company that was selected by Uber as its exclusive fleet manager in Sub-Saharan Africa (outside of South Africa). The company was launched in Lagos in June 2020 and by March 2021, Moove cars had completed 430,000 trips.Moove contracts with individuals (the “Drivers”) as independent contractors who lease cars to provide transportation services to end-
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Participants
Sponsoring Agency | Obfuscated Data |
Company | Obfuscated Data |
Status
Original status | active |
Taiyo status | Obfuscated Data |
Taiyo last update | 00-00-0000 |
Available timestamps | 00-00-0000 |
Available timestamp type | Obfuscated Data |
Contact
Contact name | Obfuscated Data |
Phone | 0000000000 |
ObfuscatedData@email.com | |
Address | Obfuscated Data, Obfuscated data, obfuscated data, Obfuscated data |
Description
Description | Moove Africa (the “company”) is a Nigeria based company that was selected by Uber as its exclusive fleet manager in Sub-Saharan Africa (outside of South Africa). The company was launched in Lagos in June 2020 and by March 2021, Moove cars had completed 430,000 trips.Moove contracts with individuals (the “Drivers”) as independent contractors who lease cars to provide transportation services to end-users on the Uber platform, through three main distinct products: (i) Moove Flexi-Rental; (ii) Moove 36 Months Drive-to-Own (DTO); and (iii) Moove 48 Months DTO. As an Uber partner, the company then collects the gross earnings from transportation services provided and pays the drivers the balance of their obligations. The contract establishes required minimums for trips and revenue, among others. IFC is considering a debt investment of up to US$ 30 million to finance part of the company's business plan in Lagos, including the purchase of additional vehicles to increase Moove’s current fleet from about 600 to about 2,000 vehicles (the “Project”). |
Original sub-sector | Obfuscated |
Original Currency | USD |
Original budget | 000000000000000 |
Procurement method | Obfuscated Data |
Budget | 000000000000000 |
Location
Region | Obfuscated |
Country | Obfuscated |
State | Obfuscated Data |
County | Obfuscated |
Location | Obfuscated Data, Obfuscated data, obfuscated data, Obfuscated data |
Source
Source reliability | High |
Data quality score | 100% |
Source | Obfuscated Data |
URL | obfuscated_data,obfuscateddata.com |
More Details
Project Type | Obfuscated Data |
Article Published Date | Obfuscated Data |
