Moove, founded in 2020 and headquartered in the UAE, is reshaping global mobility through fintech. With over thousands of employees and operations spanning Africa, the Middle East, Europe, and Latin America, Moove is one of the world’s fastest-growing mobility-fintech startups. The company offers revenue-based vehicle financing to gig drivers and manages vehicle fleets for both human and autonomous operators, including Waymo. Backed by Uber and Mubadala, and with over $400 million in funding, Moove is fast approaching unicorn status.
Powering Mobility Through Fintech
Moove’s core innovation lies in its drive-to-own financing model, which enables ride-hailing and delivery drivers to access new vehicles by repaying loans based on daily or weekly earnings. In addition to financing, Moove offers embedded services such as maintenance, insurance, and driver credit scoring—tools that promote long-term asset ownership and financial inclusion. The company also manages fleets and depots for autonomous-vehicle partners, including a growing partnership with Waymo in the U.S.
Building the Infrastructure for Global Gig Mobility
Moove has positioned itself as the backbone of gig mobility, particularly in markets where vehicle ownership remains a barrier to entry. Its proprietary data models assess driver risk using real-time earnings from platforms like Uber and Glovo. By reducing reliance on credit histories, Moove provides scalable solutions for informal economies and unlocks access to income-generating assets across continents.
The company's recent acquisition of Brazil-based mobility startup Kovi in January 2025 marked a significant push into Latin America, complementing its existing presence in the UAE, UK, India, and South Africa.
Origin Story: From African Needs to Global Impact
Founded by Ladi Delano and Jide Odunsi, both serial entrepreneurs with deep operational expertise in Africa and Europe, Moove emerged to tackle a simple but systemic issue: the lack of vehicle financing for gig workers. The duo built Moove not as a car-leasing company, but as a technology-led financier rooted in real-world demand. Their vision? To power the mobility economy from Lagos to London—and everywhere in between.
Funding Journey: From Lagos Roots to Global Scale
Moove has raised over $400 million in equity and debt across 10 to 15 rounds. The company closed a $100 million Series B round in March 2024, led by Uber and Mubadala Investment Company, bringing its post-money valuation close to $750 million.
As of June 2025, Moove is reportedly in talks to raise $300 million in equity and $1.2 billion in debt, which could push its valuation beyond $1 billion, officially granting it unicorn status.
Revenue Engine with Diversified Streams
Moove earns revenue through lease repayments from gig drivers, commissions on embedded services like insurance, and enterprise partnerships with ride-hailing platforms and autonomous fleets. By owning large vehicle pools and offering embedded fleet management, Moove turns mobility into a full-stack, recurring-revenue business.
Its drive-to-own model builds driver loyalty, while backend integrations allow ride-hailing platforms to offer reliable supply without holding vehicle assets themselves.
Positioning for the Next Phase
In 2024, Moove partnered with Alphabet’s Waymo to support autonomous fleet management in Phoenix and Miami—marking its first major U.S. deployment. This move signaled Moove’s intent to not just follow global mobility trends, but help lead them.
Its leadership team, split between Lagos, Dubai, London, and Amsterdam, is currently focused on deepening presence in Latin America, scaling electric vehicle (EV) offerings, and preparing for additional institutional capital.
Recognition, Reach & Readiness
With investors like Uber, Mubadala, Palm Drive Capital, LocalGlobe, Latitude, and Speedinvest, Moove has emerged as a global reference point for mobility-focused fintech. The startup was also listed among TechCabal’s 25 Most Promising African Startups and is widely watched for its potential IPO track in the next 24 months.
From solving real problems for gig workers in Lagos to managing robotaxi fleets in Miami, Moove is proving that African-born innovation can scale globally—and reshape the future of transportation along the way.