Moove seeks $300 million to supercharge expansion and attain unicorn status
- Moove plans to raise an additional $300 million to boost its valuation past $1 billion.
- The startup aims to expand into seven new markets across Latin America, North Africa, and the Middle East by late 2025.
- Moove has raised $250 million in equity and $210 million in debt since its launch in 2020.
Moove's strategic focus on expanding its market presence and enhancing its electric vehicle capabilities positions it well within the evolving mobility landscape. However, the challenge will be to maintain profitability while scaling operations and navigating the complexities of new markets.
