Moove Accelerates Indian Expansion with $10M Funding, Eyes Eco-Friendly Vehicle Dominance 🇳🇬 🇮🇳

Moove Accelerates Indian Expansion with $10M Funding, Eyes Eco-Friendly Vehicle Dominance 🇳🇬 🇮🇳

#finance
#finance
#startup
#consumer markets
#investments
#funding
#mobility
Nigerian mobility startup, Moove, secures $10 million funding to propel its ambitious vehicle financing expansion across Indian cities, marking a year since entering the subcontinent. With a commitment to eco-friendly mobility solutions, Moove plans to reshape India's vehicle ownership landscape, having already completed over a million trips and acquired 1500 vehicles in major cities.

Nigerian mobility startup Moove has secured $10 million in funding, one year after venturing into the Indian market. Initially addressing vehicle financing gaps in Africa, Moove has become Uber's key partner in sub-Saharan Africa. Expanding into India in 2022, the company aims to deepen its operations in Bengaluru, Mumbai, and Hyderabad, with plans to enter Delhi, Pune, and Kolkata. The funds will support this expansion, targeting over 2000 customers and introducing 5000 cars, with 60% being Electric Vehicles (EVs) or CNG vehicles. Last year's collaboration with Uber aimed to deploy 25,000 electric vehicles on the Indian ride-sharing platform, emphasizing Moove's commitment to eco-friendly solutions.


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