The global mobility landscape is witnessing an unprecedented transformation as African fintech innovation meets international vehicle financing demands. Moove to raise more than $300 million in Series D funding, marking a pivotal moment where cutting-edge mobility technology converges with the world’s most critical transportation access challenges. This groundbreaking investment signals a new era of intelligent vehicle financing excellence, where drive-to-own platforms revolutionize gig economy participation across global markets from Lagos to Silicon Valley.

Nigerian Mobility Pioneer Targets $2B+ Valuation with Historic $300M+ Series D

Moove’s planned $300M+ funding round represents the ultimate validation of African mobility fintech’s transformative potential on the global stage. The Uber-backed Nigerian startup that finances vehicles for ride-hailing companies is seeking to raise over $300 million in fresh funding that could push its valuation past $2 billion, according to Bloomberg reports. This achievement would cement Moove’s position as Africa’s premier mobility unicorn while demonstrating the continent’s capacity to produce world-class fintech solutions.

The unprecedented valuation surge from $750 million in 2024 to over $2 billion represents extraordinary institutional confidence in Moove’s drive-to-own model and global expansion strategy. This massive funding round positions the company for aggressive international scaling while maintaining its foundational commitment to democratizing vehicle ownership across emerging markets.

Explosive Growth: From Lagos to Global Empire with $400M Annual Revenue

The market validation demonstrates EXTRAORDINARY enterprise momentum across international markets! Moove has achieved remarkable revenue acceleration, growing threefold in a single year to hit $360 million annualized revenue, with current 2025 performance generating $400 million compared to $275 million in 2024. This explosive growth trajectory validates the massive market demand for accessible vehicle financing solutions across Africa, India, the UK, and expanding US operations.

The company’s revenue surge reflects successful market penetration across diverse geographic regions while maintaining operational excellence in vehicle financing and fleet management. This consistent growth pattern demonstrates Moove’s ability to adapt its drive-to-own model across different regulatory environments and economic conditions, creating sustainable competitive advantages in global mobility financing markets.

Revolutionary Drive-to-Own Model Transforms Gig Economy Access Globally

Founded by visionary entrepreneurs Ladi Delano and Jide Odunsi, Moove revolutionizes vehicle accessibility through its innovative drive-to-own financing model that enables drivers to eventually own their vehicles through earnings-based payments. The mobility fintech purchases cars through bank loans and offers them to Uber drivers across Africa, India, and the UK, with drivers paying for vehicles from their ride-hailing earnings rather than traditional loan structures.

Moove’s financing approach covers up to 95% of new car costs, eliminating traditional barriers that prevent gig economy participation across emerging markets. This model transforms vehicle ownership from an impossible dream into an achievable reality for millions of drivers worldwide, creating sustainable pathways to entrepreneurship while generating consistent revenue streams through structured payment programs.

Strategic US Expansion with Autonomous Vehicle Fleet Management

The Series D funding accelerates Moove’s strategic expansion into the United States market, where the company recently hired over 90 staff members and now employs more than 2,100 people globally. The fresh capital will support the company’s ambitious plans to roll out company-owned autonomous vehicle fleets in the US market, positioning Moove at the intersection of traditional vehicle financing and cutting-edge robotaxi operations.

This US expansion represents a fundamental evolution from emerging market vehicle financing to developed market autonomous vehicle fleet management, demonstrating Moove’s adaptability and vision for the future of mobility. The company’s partnership with Waymo and expansion into robotaxi operations creates unprecedented opportunities for revenue diversification while maintaining its core competency in vehicle financing solutions.

$750M Previous Funding with Uber >10% Stake Creates Unicorn Foundation

Moove’s funding journey demonstrates extraordinary investor confidence, having raised $750 million to date through a strategic mix of debt and equity from premier investors including Mubadala, BlackRock, and Uber, which maintains a greater than 10% equity stake in the company. The 2024 funding round achieved a $750 million valuation, creating the foundation for the current $2+ billion valuation target while validating the company’s global expansion strategy.

The additional $300+ million will specifically target autonomous vehicle business expansion, enabling Moove to capture emerging opportunities in self-driving vehicle fleet management while maintaining its leadership position in traditional vehicle financing across emerging markets. This strategic capital deployment positions the company for sustained growth across both traditional and autonomous vehicle sectors.

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BUSINESS MODEL OF MOOVE

CATEGORY	DETAILED ANALYSIS
HOW COMPANY STARTED	NIGERIAN ENTREPRENEURS TURN MOBILITY VISIONARIES! Founded in 2020 in Lagos by co-CEOs Ladi Delano and Jide Odunsi who met in London (LSE/SOAS) and identified massive vehicle ownership barriers in African gig economy! Started with $23M Series A targeting Uber driver financing through innovative drive-to-own model. Emerged from recognizing fewer than 5% of Nigerians own vehicles despite massive mobility demand. AUTHENTIC MARKET EXPERTISE transformed into revolutionary financing technology!
PRESENT CONDITION	$2B+ VALUATION AFRICAN UNICORN! Seeking to raise $300M+ Series D at valuation above $2 billion with Uber >10% stake! Achieved $400M revenue in 2025 vs $275M in 2024 representing explosive growth trajectory! 2,100+ global employees with 90+ US hires for autonomous vehicle expansion. $750M total raised from Mubadala, BlackRock, Uber with drive-to-own model across Africa, India, UK. REAL UNICORN STATUS, REAL GLOBAL EXPANSION, REAL REVENUE GROWTH!
FUTURE OF COMPANY & INDUSTRY	MOBILITY FINTECH REVOLUTION ACCELERATING! Company positioned for EXPLOSIVE GROWTH with autonomous vehicle fleet management and global expansion under proven African leadership. Transportation industry desperately needs accessible vehicle financing solutions—Moove is THE PIONEER! US robotaxi operations planned with Waymo partnership. Category-defining positioning creates TRILLION-DOLLAR MOBILITY TRANSFORMATION!
OPPORTUNITIES FOR YOUNG ENTREPRENEURS	MOBILITY FINTECH IS THE NEW FRONTIER! Massive opportunities in: Vehicle financing platforms, Autonomous fleet management, Gig economy enablement tools, Cross-border payment solutions, Driver training platforms, Fleet optimization software. Mobility industry starving for financing innovation—FIRST-MOVER ADVANTAGE across multiple transportation verticals!
MARKET SHARE	AFRICAN MOBILITY UNICORN LEADER! Uber’s sole partner in sub-Saharan Africa represents unique market position in vehicle financing! Global mobility financing market $200B+ opportunity—Moove positioned as CATEGORY LEADER in drive-to-own solutions. $400M revenue run rate demonstrates rapid market capture with international expansion proving scalability!
MOAT (COMPETITIVE ADVANTAGE)	IMPENETRABLE MOBILITY FINANCING FORTRESS! 1) Uber Strategic Partnership—exclusive sub-Saharan Africa financing relationship 2) Drive-to-Own Model Innovation—95% financing coverage impossible to replicate 3) African Market Expertise—deep emerging market knowledge creates barriers 4) Autonomous Vehicle Pivot—first African company entering US robotaxi market 5) Revenue-Based Financing—flexible payment model creates customer loyalty! IMPOSSIBLE TO DUPLICATE ADVANTAGE COMBINATION!
HOW COMPANY MAKES MONEY	MOBILITY FINANCING REVENUE EMPIRE! Primary Revenue Streams: 1) Vehicle Financing Interest—driver payments over vehicle ownership period 2) Fleet Management Fees—autonomous vehicle operation revenue 3) Insurance Product Sales—comprehensive driver protection services 4) Partnership Revenue Share—Uber and other platform collaboration income 5) International Expansion Fees—market entry and localization services. HIGH-MARGIN, RECURRING MOBILITY MODEL!
KEY EVIDENCE	UNDENIABLE MOBILITY FINTECH DOMINANC: $300M+ Series D funding planned (Sept 2025) $2B+ valuation target validates market confidence $400M revenue in 2025 proves growth trajectory Uber >10% strategic stake confirms partnership value 2,100+ global employees demonstrates scale US autonomous expansion = future-ready strategy African unicorn status = continental leadership!