Uber leads $100M investment in African mobility fintech Moove as valuation hits $750M
- Moove raises $100 million in a funding round led by Uber, marking Uber's first investment in an Africa-founded startup.
- The funding will support Moove's expansion into new markets and its goal of offering a more sustainable and accessible mobility ecosystem.
- Moove plans to focus on electric vehicles (EVs) in markets like the UK and UAE, while considering natural gas vehicles for markets like Nigeria.
The funding round led by Uber is a significant milestone for Moove and highlights the growing interest in African mobility fintech. Moove's focus on electric and natural gas vehicles aligns with the global shift towards sustainable transportation. The company's expansion into new markets will provide opportunities for growth and contribute to the development of a more accessible and environmentally-friendly mobility ecosystem.
