Moove Targets Unicorn Status with $300M Raise Amid Global Expansion and Waymo Partnership

Moove is steering toward a $1 billion valuation as it secures investor interest and scales across key global markets.

From ride-hailing support to robotaxi partnerships, the startup’s unique model is transforming how mobility and vehicle ownership are financed.

Nigerian mobility fintech startup Moove is on the verge of joining the exclusive ranks of global unicorns, as it seeks to raise $300 million in fresh funding that could push its valuation past the $1 billion mark. The Uber-backed company is in advanced talks with investors as it continues to expand its footprint and ambitions in the global mobility and autonomous vehicle sectors.

Moove, co-founded by Ladi Delano and Jide Odunsi, has built its business model around providing vehicle financing to ride-hailing drivers through a drive-to-own scheme. Drivers, primarily in Africa, India, and the UK, can lease vehicles and gradually gain ownership by paying through their ride-hailing income. This innovative approach has helped thousands of gig workers, particularly in underserved markets, access cars without the need for traditional credit checks or upfront capital.

So far, the company has raised $750 million in debt and equity, with major backers including Uber, holding more than a 10% stake, and Mubadala Investment Company. In 2024, Moove secured $100 million at a $750 million valuation, setting the stage for its current fundraising effort, which could see it join the global unicorn club.

Moove’s explosive growth is underpinned by several strategic moves. In early 2025, the company completed the acquisition of Kovi, a Brazilian urban mobility startup that also focuses on vehicle financing for ride-hailing drivers. This acquisition significantly boosted Moove’s revenue and market presence in Latin America.

Financially, the company is scaling rapidly. Its annualized revenue has surged to an estimated $360 million, a more than threefold increase from $115 million a year ago. This suggests Moove is now pulling in around $30 million monthly, largely from its core vehicle financing business and its burgeoning fleet management services in the United States.

One of the most noteworthy developments for Moove is its partnership with Waymo, Alphabet’s self-driving vehicle division. Under this arrangement, Moove is tasked with managing key support services for Waymo’s electric robotaxis in U.S. cities like Phoenix, Arizona, and Miami, Florida. These services include vehicle cleaning, charging, and storage key infrastructure needs for commercial autonomous fleets.

According to Delano, the company’s current involvement with Waymo is limited to fleet management. However, Moove has much broader ambitions. The company plans to eventually purchase autonomous vehicles (AVs) directly from manufacturers and lease them out in small fleets to entrepreneurs or businesses, particularly those who have previously operated in traditional ride-hailing roles. This strategy would effectively allow Moove to become a key enabler of autonomous mobility entrepreneurship.

As part of this vision, Moove would continue to operate depots that handle essential tasks such as charging, maintenance, and storage functions that are critical to the smooth operation of autonomous vehicle fleets.

To support its expanding global operations, Moove now employs over 2,100 people worldwide and has recently onboarded at least 90 staff members in the U.S. The company’s growing U.S. footprint signals its intent to play a much larger role in shaping the infrastructure around autonomous transportation.

This latest funding round is more than just a financial milestone; it underscores Moove’s broader mission to revolutionize mobility by making vehicle ownership and operation more accessible and future-ready. If successful, the $300 million raise will not only catapult the company into unicorn status but also further solidify its position as a critical player in both human-driven and autonomous ride-hailing ecosystems.

As the company eyes a more significant role in the AV sector and continues to scale across continents, Moove’s hybrid model, bridging fintech, mobility, and fleet operations, could prove to be a powerful blueprint for the future of global transportation.