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Moove Africa
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Moove Africa

https://moove.africa/
Last activity: 01.09.2025
Active
Categories: AfricaTechAlternativeCarFinTechMobilityPlatformRentalSupplyTechnologyVehicles
Moove is a mobility fintech that provides revenue-based vehicle financing to mobility entrepreneurs across Africa. We are Uber’s exclusive vehicle financing and vehicle supply partner in sub-Saharan Africa.

Over 1 billion Africans have limited or no access to vehicle financing resulting in the fastest growing continent having the lowest per capita car ownership in the world.

In a continent full of opportunity, mobility is key to moving economies forward, and Moove's vision is to democratize vehicle ownership across Africa.

We are doing this by building tech to provide Africans the access to affordable vehicle financing while creating job opportunities and empowering a new generation of mobility entrepreneurs.
Likes
670
Mentions
51

Overview

Location
Nigeria
Employees
201-500
Total raised
$330.66M
Valuation
$550M
Founded date
2019

Investors 11

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Funding Rounds 6

DateSeriesAmountInvestors
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Aug 10, 2023Funding round$76M
Oct 21, 2022Funding round$16.66M
Mar 17, 2022Funding round$105M
Feb 2, 2022Funding round$10M
Aug 9, 2021Series A round$23M

Mentions in press and media 51

DateTitleDescription
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May 2, 2025Bolt's Electric Tricycles: A Green Revolution on Lagos StreetsIn the bustling heart of Lagos, a quiet revolution is taking shape. Bolt, the ride-hailing giant, is introducing electric tricycles to the city, aiming to reshape urban transport while promoting sustainability. This move is not just about v...
Apr 30, 2025Bolt launches ₦3.2M electric tricycles in Lagos with 15% driver commissionRide-hailing giant Bolt is rolling out electric tricycles in Lagos as it pushes to expand its electric vehicle (EV) footprint across West Africa. Starting in May, the company will deploy 25 tricycles developed in partnership with SGX Mobili...
Feb 18, 2025Moove's Bold Leap into Latin America: A Game-Changer in Urban MobilityIn the fast-paced world of fintech and mobility, Moove has made a splash. The Nigerian company recently acquired Kovi, a Brazilian mobility startup, marking a significant expansion into Latin America. This move is not just a step; it’s a le...
Feb 15, 2025Moove, a Nigerian fintech company, has expanded into Latin America through the acquisition of Kovi, a Brazilian mobility startupMoove, a global leader in mobility solutions, has announced the acquisition of Kovi, an urban mobility provider headquartered in São Paulo, Brazil. This strategic move marks Moove’s significant expansion into the Latin American market, alig...
Jan 29, 2025Uber-backed Moove acquires Brazil’s Kovi to continue global expansionMoove, the Uber-backed Nigerian mobility fintech startup, has acquired Kovi, a car rental startup in Brazil, Latin America’s largest ride-hailing market. The acquisition continues the global expansion of the startup which currently operates...
Jan 29, 2025Moove Acquires Kovi, Strengthening Its Position As A Global Leader in Mobility
Oct 16, 2024African Startups: The Global Stage AwaitsAfrican startups are on the brink of a revolution. They are not just local players anymore; they are eyeing the global stage. Investors are taking notice. The message is clear: financial backing is crucial for these ambitious ventures. The ...
Oct 15, 2024Uber-backed Moove expands to Mexico, extending global footprintOne month after Uber-backed Moove launched in the US, the Nigerian startup that finances vehicles for ride-hailing has expanded to Mexico. The company projects it will become profitable in 2025. The expansion to Mexico marks an important mi...
Oct 10, 2024African startups need financial backing for global ambitions, says VCsAfrican startups can build solutions that are scalable across the global market, investors who spoke at Moonshot by TechCabal on Thursday said. They need support in terms of funding, access to networks and market knowledge to achieve global...
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FAQ about Moove Africa

When was Moove Africa founded?

Moove Africa was founded in 2019.

How much funding has Moove Africa raised?

Moove Africa has raised $330.66M in total across 6 funding rounds.

What funding rounds has Moove Africa raised?

Parsers VC lists 6 funding rounds of Moove Africa, among them a funding round of $76M on Aug 10, 2023, a funding round of $16.66M on Oct 21, 2022 and a funding round of $105M on Mar 17, 2022.

Who has invested in Moove Africa?

Parsers VC lists 11 investors of Moove Africa, among them Speedinvest, DCM Ventures and Future Africa.

What has the press written about Moove Africa?

Parsers VC has collected 51 articles mentioning Moove Africa, among them “Bolt's Electric Tricycles: A Green Revolution on Lagos Streets” (May 2, 2025) and “Bolt launches ₦3.2M electric tricycles in Lagos with 15% driver commission” (Apr 30, 2025).

Is Moove Africa still active?

Yes, Moove Africa is active; its latest activity on Parsers VC dates from Sep 1, 2025.