Mobility fintech startup Moove has successfully raised $100 million in a series B funding round, raising its valuation to $750 million. The funding round saw participation from Uber, Mubadala, and other investors like The Latest Ventures, Africinvest, Palm Drive Capital, Triatlum Advisors AG, and Future Africa.
With this infusion of capital, Moove aims to expand its vehicle financing offering to 16 markets worldwide by the end of 2025, with a significant focus on electric vehicles (EVs). The company plans to add 45,000 new cars to its platform, emphasizing its commitment to sustainability and profitability.
Founded in 2020, Moove connects mobility entrepreneurs with revenue-based vehicle financing options. The company recently relocated its headquarters to the UAE, citing the country as a pivotal market due to its fully integrated charging solution and investment in a network of charging stations exclusively for its customers.
Moove aims to lead the electrification of mobility and contribute to a zero-emission future. With over $250 million raised in equity and over $210 million in debt funding since its inception, the company is poised for significant growth and impact in the global mobility sector.
