Nigeria’s Moove raises $10 million for its India expansion.
- Moove secures $10 million in debt funding from Stride Ventures.
- Moove plans to expand its operations in India to cities like Delhi, Pune, and Kolkata.
- Moove has financed cars that have completed over 30 million trips on Uber in India.
Moove's recent funding from Stride Ventures will help the company expand its presence in India and strengthen its position in the mobility industry. The company's success in financing cars for Uber and its ambitious plans to increase the number of cars demonstrate its potential for growth. The funding news also highlights the growing interest in electric vehicle financing, as seen with Ascend Capital and OTO's recent funding rounds.
