Home News Moove Nets $100 Million in Series B Funding

Moove Nets $100 Million in Series B Funding

Uber-backed startup Moove is now valued at $750 million and headquartered in the UAE.

By Inc.Arabia Staff
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Nigeria-based mobility fintech Moove has concluded a $100 million Series B funding round, elevating its valuation to $750 million.[1]

The latest investment round witnessed contributions from industry giants Uber and Mubadala, with the latter having spearheaded Moove’s previous funding round in 2023.[2]

Moove is poised to expand its customer-centric, revenue-driven vehicle financing services to 16 markets across the globe by the conclusion of 2025.

Having already empowered over 20,000 mobility entrepreneurs spanning three continents and facilitated more than 30 million financed trips, Moove boasts an annual recurring revenue surpassing $115 million.

Established in 2020, Moove is Uber's largest vehicle supply partner across EMEA.

Now headquartered in the UAE, Moove runs the largest EV fleet in the UAE by supply hours and is the second-largest vehicle partner in India.

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