UAE - Sharikat Mubasher: Moove, the global mobility fintech, secured $100 million in a series B funding round, with participation from Mubadala Investment Company (Mubadala) and Uber, the fintech company revealed in a statement
Moove will dedicate the proceeds to extend its operations to 16 markets by the end of 2025, expanding its vehicle fleet and paving the way for a more sustainable and accessible mobility ecosystem for its customers around the globe.
Ladi Delano, Founder of Moove, affirmed that the round represents a significant milestone for the company.
“This validation from Uber and others stands as a testament to the fact that what was once a dream is now a palpable reality. This infusion of capital is set to amplify the immensely positive impact our products have in the lives of our customers on a much broader spectrum,” Delano added.
For his part, Ali Mheiri, Executive Director of UAE Diversified Assets at Mubadala’s UAE Investments Platform, commented: “We are proud to continue supporting Moove through our second round of funding, not only as a testament to our commitment to nurturing the startup ecosystem in the UAE but also as a reflection of our renewed trust in Moove's vision and capabilities.”
Moove, founded in 2020, provides revenue-based vehicle financing and financial services to mobility entrepreneurs across ride-hailing, logistics, mass transit, and instant delivery platforms.
