Led · Debt Financing · Feb 2022

Founded in 2020 in Nigeria and now headquartered in Dubai, Moove started as a vehicle-financing startup and expanded into ride-hailing and deliveries in Africa before moving into autonomous vehicle operations in 2023. The company currently owns and operates a 42,000-vehicle human-driven ride-hailing fleet across 14 countries and employs about 3,300 people globally while continuing to provide vehicle financing to gig drivers. Moove serves as the fleet operator for Waymo in Phoenix, Miami and Las Vegas and plans future operations in London; it also already owns robotaxi vehicles from another AV developer. The firm intends to acquire robotaxis via debt financing and aims to scale to potentially hundreds of thousands of vehicles over time. Moove is investing in automated depots called Nests to enable around-the-clock, robotics-assisted charging, maintenance and servicing, and expects its traditional mobility business to achieve full profitability this year.