Nigeria-Founded Moove Partners with Waymo on US Expansion

STARTUP VENTURE CAPITALDecember 9, 2024 at 11:06 AM UTC

TLDR

Moove, a mobility startup originally from Nigeria, has partnered with Waymo, a leader in autonomous driving technology, to launch operations in the United States.
This marks a significant milestone for Moove as it enters the commercial autonomous vehicle (AV) space on a global scale.
Founded in 2020, Moove uses alternative credit scoring technology embedded in ride-hailing platforms to provide vehicle financing for underserved customers.

Moove, a mobility startup originally from Nigeria, has partnered with Waymo, a leader in autonomous driving technology, to launch operations in the United States. This marks a significant milestone for Moove as it enters the commercial autonomous vehicle (AV) space on a global scale.

Founded in 2020, Moove uses alternative credit scoring technology embedded in ride-hailing platforms to provide vehicle financing for underserved customers.

The partnership will see Moove take over Waymo’s fleet operations in Phoenix by 2025 and support Waymo’s Miami expansion in 2026. Moove will deploy Waymo’s autonomous vehicles into the Waymo One service, overseeing fleet operations, charging infrastructure, and vehicle supply optimization.

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Key Takeaways

Moove’s collaboration with Waymo positions it as a critical player in the AV sector, leveraging its operational expertise to enhance urban mobility. The partnership highlights the growing influence of African-founded startups on the global stage, bridging technology innovation with operational scalability to transform transportation. Operating in nine markets across Africa, the Middle East, Europe, and Asia, the company has supported over 20,000 customers completing 30 million trips. With a recent Series B funding round of $100 million, Moove is valued at $750 million.

Startups

Moove

Waymo

Mobility

Fintech

Expansion