Moove, the world mobility of African world mobility which provides financial and financial services based on income from mobility entrepreneurs, is said to be raising $ 300 million in a new financing cycle that could propel its valuation beyond the billions of dollars.
This would mark an important step for the startup because it is positioned as a key player in the ecosystem evolving mobility and autonomous vehicles. The funds will allow Moove to deepen its role in the autonomous vehicle sector, potentially renting the Robotaxi fleets and positioning it as a leader in future mobility solutions.
Founded in 2020 by Ladi Delano and Jide Odunsi, Moove provides vehicle financing solutions to drivers of driving using a training model. The company buys vehicles using bank loans and rents them to drivers in Africa, India and the United Kingdom, who pay for vehicles in their income and may possibly owners.
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Moove built the third side of the mobility markets by providing a dedicated offer via fleets of drive, taxi and autonomy and continues to direct the transformation of mobility on a global scale. Since its creation, the company has raised $ 750 million in debts and equity to date of investors such as Uber – which has more than 10% and Mubadala Investment Company.
In 2024, Moove obtained $ 100 million at an evaluation of $ 750 million. Now, with an increase of $ 300 million on the horizon, the startup could be about to join the Unicorn Club. The achievement of an evaluation greater than $ 1 billion would place Moove among elite startups, improve its reputation and attract more investors, partners and talents.
In December 2024, the company joined Waymo, the world leader in autonomous driving technology. This partnership has marked a decisive moment in its journey to revolutionize mobility and place Moove at the forefront of the AV commercial revolution on a global scale.
Thanks to this partnership, Moove will play a pivotal role by supporting Waymo’s expansion in Miami in 2026, while taking control of existing fleet operations in Phoenix, one of the most established markets in Waymo, in 2025. In addition, the company will deploy the fleet of Waymo’s autonomous vehicles in the Waymo One service. From the supervision of fleet operations and invoicing infrastructure to optimize the availability of vehicle supply, the operational expertise of Moove will provide experience as a transparent, safe and lasting pilot.
Moove’s expansion on the American market and its deepening partnership with Waymo, the autonomous alphabet vehicle unit highlight its growing ambitions.
Quick advance until January 2025, Moove announced the acquisition of Kovi, an urban mobility supplier whose headquarters are in São Paulo. This strategic acquisition is aligned with Moove’s commitment to advance mobility and extend its imprint on the Latin American market in rapid growth.
Beyond that, Moove is preparing for a broader role in the space of autonomous vehicles. According to the co-founder Ladi Delano, the company explores the purchase of autonomous vehicles directly from manufacturers to rent in mini-floats. These could be operated by individuals – including former carpooling drivers – or businesses.
A key element in Moove’s growth strategy was strategic acquisitions. The annualized income of the company climbed $ 360 million, compared to $ 115 million a year earlier, indicating monthly income of approximately $ 30 million.
Moove’s vision is to build the largest fleet in the world and the best class technologies to supply mobility platforms. The company transforms the future of mobility as a service by providing complete fleet solutions through the mobility spectrum.
In particular, this latest fundraising initiative reflects Moove’s intention to develop aggressively and to solidify its role in the next generation of urban mobility. While the company increases its presence in the autonomous management of the fleet and continues to innovate in the financing of vehicles for drivers, its path towards becoming a unicorn seems more and more likely.
