Moove, the Nigerian-born mobility fintech company, is set to make a significant global impact with its upcoming $300 million Series C funding round, which is expected to propel its valuation to an elusive $1 billion, granting it coveted unicorn status. Founded in 2020 by Ladi Delano and Jide Odunsi, Moove has revolutionized asset financing for ride-hailing drivers through an innovative revenue-based repayment structure. This model allows drivers to access vehicles with monthly payments directly linked to their ride-hailing income, effectively dismantling traditional barriers like high interest rates and inflexible schedules that often exclude gig workers from vehicle ownership.

Since its launch, Moove has demonstrated impressive growth, with annual revenue soaring from $115 million to $360 million, translating to approximately $30 million per month. This growth is fueled by strong demand across emerging markets. Currently, Moove operates in 13 countries spanning Africa, Latin America, the Middle East, India, and the UK, with ambitious plans to expand into the United States.

A pivotal development in Moove's expansion strategy is its transformative partnership with Waymo, Alphabet’s autonomous vehicle initiative. Beginning in Phoenix in 2025 and extending to Miami in 2026, Moove is responsible for the crucial tasks of charging, cleaning, and maintaining Waymo’s self-driving electric vehicles. This collaboration marks Moove’s strategic entry into the U.S. mobility infrastructure domain, extending its expertise beyond driver financing to support autonomous fleets on a planetary scale. Moove's operational expertise will ensure a seamless, safe, and sustainable rider experience, including overseeing fleet operations, charging infrastructure, and optimizing vehicle supply availability.

Further solidifying its global footprint, Moove acquired Kovi, a Brazilian mobility-finance platform, in January 2025. This strategic acquisition enhances Moove's presence in Latin America and contributes to a broader strategy of leveraging regional strengths to bolster its worldwide competitive edge. With over 2,100 employees, including nearly 90 new hires in the U.S., Moove is building a robust transcontinental infrastructure capable of supporting future autonomous fleets and sustained market expansion.

The anticipated $300 million funding round is critical for several reasons. Achieving a $1 billion valuation would firmly establish Moove as a unicorn, aligning it with other prominent African tech unicorns like Flutterwave and Andela, and signaling significant global investor confidence in African-led innovation. The funds are earmarked for expanding operations in electric-vehicle financing and robotaxi fleet management, including enabling mini-fleet leasing to entrepreneurs and small-business operators. Moove also plans to deepen its infrastructure capacity by building more depots, charging hubs, and support services for autonomous vehicles, reinforcing its role as a backbone for next-generation mobility solutions. Backed by investors like Uber (a minority stakeholder) and Mubadala, Moove's growth has been calculated and revenue-driven, ensuring this funding round accelerates scalable, sustainable enterprise rather than dilutive experimentation.

Beyond financial metrics and strategic partnerships, Moove's initiatives have a profound real-world impact. Thousands of gig drivers who previously lacked access to vehicle ownership now drive their own cars through a transparent, income-aligned payment structure. The company’s increasing focus on electric vehicles also contributes significantly to cleaner urban transport ecosystems. Moove's ambition extends further; its expansion into reliable infrastructure for autonomous fleets showcases a broader vision: to be both a tool for driver empowerment and a critical enabler of future mobility.

As Moove navigates its fundraising journey, it faces market competition from players like Bolt and inDrive, capital risks inherent in mobility infrastructure, and economic fluctuations in nascent markets. However, the company's robust metrics, strategic partnerships, and disciplined growth philosophy position it strongly. If Moove crosses the $1 billion valuation threshold and continues its U.S. expansion, it stands to redefine how vehicle financing and fleet infrastructure intertwine, leading the charge in global ride-hailing, electric mobility, and autonomous vehicle operations.