Uber-Backed Moove Eyes $2B Valuation in Fresh Funding Round
- Moove is seeking to raise over $300 million at a valuation exceeding $2 billion.
- The startup's revenues grew from $50 million in 2024 to nearly $400 million this year.
- Moove achieved EBITDA break-even in September 2024.
Tech In Africa - Sep 22, 2025
Moove Sets Sights on Becoming Africa’s Next Unicorn with $300 Million Funding Round, Eyeing $2 Billion Valuation
Moove, an African vehicle-financing startup backed by Uber, is seeking to raise over $300 million at
Moove's rapid growth and significant funding efforts illustrate the potential of African startups in the global market. However, the sustainability of such growth and the impact of external partnerships, like with Uber and Waymo, warrant further examination to understand the long-term viability of their business model.
