What is Moove?
Founded in 2019, Moove operates as a specialized fintech company that provides vehicle financing and leasing solutions tailored specifically for ride-sharing drivers. By leveraging proprietary performance and revenue analytics, the company enables drivers to access vehicles through a rent-to-own model, effectively democratizing entrepreneurship in the mobility space. Moove has successfully positioned itself as a vital partner to global ride-hailing platforms, ensuring that drivers in underserved markets can overcome the significant barrier of vehicle ownership. This operational model has allowed the company to scale rapidly across multiple African nations, creating a sustainable ecosystem that benefits both the service providers and the broader gig economy.
How much funding has Moove raised?
Moove has raised a total of $654.1M across 11 funding rounds:
Angel/Seed
$5.2M
Multiple Rounds
$204.9M
Other Financing Round
$8M
Debt
$76M
Debt
$10M
Series B
$100M
Series C
$250M
Angel/Seed (2019): $5.2M, investors not publicly disclosed
Other Financing Round (2022): $10M led by NBK Capital
Series A (2022): $128M supported by thelatest.ventures, DCM Ventures, Left Lane Capital, LocalGlobe, Clocktower Technology Ventures, and Speedinvest
Debt (2022): $20M featuring British International Investment
Other Financing Round (2022): $16.9M backed by Emso Asset Management
Debt (2022): $30M with participation from Franklin Templeton
Other Financing Round (2023): $8M, investors not publicly disclosed
Debt (2023): $76M supported by BlackRock and Mubadala
Debt (2024): $10M featuring Stride Ventures
Series B (2024): $100M backed by Uber and Mubadala
Series C (2026): $250M with participation from Woven Capital, Mubadala, Ontario Power Generation Pension Plan, Silverbacks Holdings, Ion Pacific, Uber, Left Lane, BlackRock, Endeavor Catalyst, The Raptor Group, Franklin Templeton, Sona Asset Management, MUFG, and BlueCrest Capital Management
Key Investors in Moove
Mubadala
Mubadala is a global investment company based in Abu Dhabi, mandated to create sustainable financial returns and foster a globally integrated, diversified economy.
BlackRock
BlackRock is a premier global investment management firm providing institutional-grade risk management, advisory services, and diverse asset class exposure.
Uber
Uber Technologies is a global technology platform that reimagines mobility and logistics, connecting a vast ecosystem of riders, drivers, and merchants through digital innovation.
What's next for Moove?
With the successful closure of its Series C round, Moove is poised to accelerate its geographic expansion and deepen its technological integration. The strategic infusion of capital will likely be deployed to enhance its credit-scoring algorithms and expand its fleet, further insulating the company against market volatility while maintaining its growth trajectory. As the firm matures, the focus will shift toward optimizing its capital structure and exploring new product verticals within the mobility-as-a-service landscape, ensuring long-term sustainability and continued dominance in the emerging market fintech arena.
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