# Moove

> Moove is an African-born global mobility fintech that finances vehicles for gig-economy drivers who are shut out of traditional bank lending. Using alternative, revenue-based credit scoring built on ride-hailing and delivery earnings, Moove lets drivers on platforms like Uber lease brand-new cars and pay them off through a share of their weekly income - a 'drive it, own it' model. Founded in Lagos in 2020 by Ladi Delano and Jide Odunsi, it now operates one of the world's largest managed ride-hail fleets and has become Waymo's autonomous-fleet operations partner across major US and UK cities.

- **Founded:** 2020
- **Headquarters:** Amsterdam, Netherlands (global operations; founded in Lagos, Nigeria)
- **Founders:** Ladi Delano (Co-founder & CEO), Jide Odunsi (Co-founder)
- **Team size:** ~550 employees
- **Products:** Revenue-based vehicle financing, Alternative credit scoring engine, Moove fleet operations (Waymo partnership), Financial services for drivers, EV and hybrid fleet financing
- **Notable:** Reached a $750M valuation after a $100M Series B led by Uber and Mubadala (2024)., Achieved EBITDA break-even in September 2024 while scaling globally., Became Waymo's fleet-operations partner for autonomous ride-hailing in the US and UK.

## Products & services

- **Revenue-based vehicle financing** — Finances up to ~95% of a brand-new vehicle for drivers on ride-hailing, delivery and logistics platforms, repaid as a percentage of weekly earnings rather than a fixed loan, using alternative credit scoring built on real-time revenue data.
- **Alternative credit scoring engine** — Proprietary underwriting that assesses drivers by their platform earnings and behaviour instead of formal credit history, enabling loans for customers banks would reject.
- **Moove fleet operations (Waymo partnership)** — End-to-end operation of Waymo's all-electric autonomous fleet - dispatch, facilities, charging and maintenance - across US and UK cities.
- **Financial services for drivers** — Adjacent products such as insurance, roadside assistance and health cover bundled around the financed vehicle.
- **EV and hybrid fleet financing** — Financing for electric and hybrid vehicles as part of Moove's clean-fleet transition, including EV charging infrastructure.

## Achievements

- Reached a $750M valuation after a $100M Series B led by Uber and Mubadala (2024).
- Achieved EBITDA break-even in September 2024 while scaling globally.
- Became Waymo's fleet-operations partner for autonomous ride-hailing in the US and UK.
- Grew to 39,000+ vehicles across roughly 29 cities and 20+ markets.
- Secured Uber's first major investment into Africa.
- Financed tens of thousands of mobility entrepreneurs previously excluded from vehicle finance.
- Published its first Impact Report tracking financial inclusion and gender goals.

## Latest updates

- **2025-12** — Reported addition of Philadelphia, Pittsburgh, Baltimore and other cities to the Moove-Waymo autonomous expansion pipeline.
- **2025-11** — Minneapolis, New Orleans and Tampa added to the Waymo fleet-operations pipeline, with testing beginning.
- **2025-10** — Moove named Waymo's fleet-operations partner for autonomous ride-hailing in London.
- **2025** — Reported ~$1.2B debt raise earmarked for autonomous-vehicle fleet expansion in the US; press reports of a ~$2B valuation target.
- **2024-09** — Reached EBITDA break-even.
- **2024-03** — Closed $100M Series B led by Uber and Mubadala at a $750M valuation.

## Links

- Website: https://moove.io
- LinkedIn: https://www.linkedin.com/company/moove-io
- Twitter/X: https://twitter.com/moove_io
- Instagram: https://www.instagram.com/moove.io
- Facebook: https://facebook.com/mooveio/

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Profile page: https://yespress.io/moove
Published by YesPress — https://yespress.io
Last updated: 2026-07-27