British-Nigerian entrepreneur Ladi Delano’s Moove eyes unicorn status

Key Points

• Moove targets $300 million raise to join global fintech unicorn club amid surging demand for EV fleet financing and autonomous mobility solutions. 
• Waymo, Kovi deals fuel Moove’s U.S. expansion and $360 million revenue surge, positioning it as a key player in the electric robotaxi and fleet-management ecosystem. 
• Moove spans 19 markets, delivering over 50 million rides and championing electric mobility with strong ESG and AV ambitions.

Moove, the global mobility fintech firm led by British-Nigerian entrepreneur Ladi Delano, is lining up a $300 million financing round that could catapult its valuation beyond the $1 billion unicorn threshold.

The fresh capital comes on the heels of Moove’s $100 million raise in 2024 at a $750 million valuation, led by Uber and Mubadala Investment Company, pushing the firm’s total debt and equity haul to $750 million.

Moove scales U.S. market with Waymo, Kovi growth boost

Last year’s landmark tie-up with Waymo, Alphabet’s autonomous driving arm, marked Moove’s entry into the U.S. fleet-management arena. The firm now handles cleaning, charging and storage for Waymo’s electric robotaxi fleets in Phoenix and Miami, as the driverless service ramps up commercial operations. Co-founder Delano says the Waymo deal underscores Moove’s commitment to integrating advanced mobility solutions into its core lending and fleet services.

Moove’s January acquisition of Kovi, a Brazilian ride-hailing finance specialist, turbocharged its top-line growth. Annualized revenue leapt from $115 million to $360 million in just over a year—equating to an average of $30 million in monthly revenues. This performance is driven primarily by the company’s vehicle-financing model for Uber drivers and expanding fleet-management contracts in North America.

Global footprint and ESG focus

Since its 2020 launch by Delano and Jide Odunsi, Moove has closed financing deals for over 30,000 mobility entrepreneurs across 19 markets spanning Africa, the Middle East, Europe, Asia and Latin America. Its vehicles have logged more than 50 million trips. In the UAE, Moove is piloting fully integrated charging networks and a 100 percent electric-vehicle fleet—hallmarks of its sustainability agenda.

Beyond its current Waymo agreement, Moove is mapping out a strategy to purchase AV-enabled cars directly from manufacturers and lease mini-fleets of robotaxis to former ride-hail drivers and businesses. Under this vision, Moove would continue overseeing depot operations—charging, storage and cleaning—while clients operate their autonomous services at scale. To meet surging demand, the company plans to order at least 15,000 vehicles annually across its global network. 

With its eyes set on unicorn status and deeper penetration into the autonomous mobility ecosystem, Moove’s latest fundraising push could cement its position as a leading fleet-financing and management powerhouse.