Rideshare fleet operator Moove plans to expand its footprint in Latin America by acquiring Brazil-based urban mobility provider Kovi. The acquisition, which is subject to customary closing conditions, will add Kovi’s fleets in Brazil and Mexico and its proprietary IoT software and driver behavior algorithm to Moove’s...
Uber is reportedly considering joining other investors in a funding round for Moove, an African vehicle financing startup. The funding round could total between $75 million and $100 million and lift Moove’s value from its current $650 million to about $750 million, Bloomberg reported Friday...
Moove has secured $76 million in new funding to expand its financial services platform for mobility gig workers. The new funding consists of $28 million in equity from new and existing investors, a process led by Mubadala Investment Company; $10 million venture debt from funds and accounts managed...
Moove has raised $30 million from a sukuk issuance to fund its entry into the UAE market. The Nigeria-borne vehicle financing platform announced the raise, which will be its first such issuance, in a press release on Friday (Dec. 09). A sukuk, sometimes known as...
July 02, 2025
African ride-hailing startup Moove is reportedly within weeks of finalizing an oversubscribed debt round in which it will raise $1.2 billion. The company will use the funding to roll out a fleet of autonomous vehicles with Waymo and expand in the U.S., Bloomberg reported Wednesday (July 2), citing unnamed sources. Asked about the report by […]
January 29, 2025
Rideshare fleet operator Moove plans to expand its footprint in Latin America by acquiring Brazil-based urban mobility provider Kovi. The acquisition, which is subject to customary closing conditions, will add Kovi’s fleets...
February 23, 2024
Uber is reportedly considering joining other investors in a funding round for Moove, an African vehicle financing startup. The funding round could total between $75 million and $100 million and...
August 10, 2023
Moove has secured $76 million in new funding to expand its financial services platform for mobility gig workers. The new funding consists of $28 million in equity from new and existing...