Series B · Mobility
Moove raises $100m Series B led by Uber
The March 2024 round valued the vehicle financing company at $750m.
Moove announced a $100 million Series B on 19 March 2024, with Uber leading and Mubadala returning as an investor. The round valued the company at $750 million.
Other participants included The Latest Ventures, AfricInvest, Palm Drive Capital, Triatlum Advisors AG and Future Africa, according to the company’s transaction adviser.
Moove planned to use the financing to expand vehicle supply, electric vehicle adoption and its international operations. At the time, the company targeted operations in 16 markets by the end of 2025.
Use of funds
Expand vehicle financing operations
Increase electric vehicle supply and charging infrastructure
Funding history
Series B · This round$100M