Moove is raising $1.2 billion debt for U.S expansion
- Moove is raising $1.2 billion in debt to support the rollout of an autonomous-driving fleet.
- The funding round has been oversubscribed, indicating strong interest from private credit companies and banks.
- Moove's revenue has increased to nearly $400 million this year, up from $275 million in 2024.
Moove's aggressive expansion into the autonomous vehicle market, supported by significant funding, positions it well for future growth. However, the transition from a regional to a global player will require careful management of operational challenges and market dynamics in the U.S. The success of this strategy will depend on maintaining strong relationships with lenders and effectively executing its fleet management operations.
