News

- Moove, the world's first mobility fintech and Uber’s largest vehicle supply partner in EMEA, is launching in London as a part of its global expansion.
- The African-born company will bring an additional 10,000 electric vehicles to London’s streets which will be available with no upfront costs or deposits, offering an improved driver experience whilst accelerating the electrification of mobility across the capital.
- As part of the launch, Moove has also rolled out Moove Charge™, the first end-to-end and complete EV charging network app solution specifically for ride-hailing drivers providing access to one of the largest roaming networks in the city.

Moove, an African-born startup with a growing global customer base of mobility entrepreneurs, has launched in Europe with a 100% EV rent-to-buy model that provides access to brand new, zero-emissions vehicles for a flat weekly fee. Moove aims to be the largest EV partner on Uber’s platform in London with plans to scale to up to 10,000 vehicles by the end of 2025, creating sustainable earnings opportunities and contributing to the city’s net zero carbon emissions goals. 

London is the global leader for Uber’s electrification efforts with over 6,000 EVs on the platform – the most of any Uber city.  Moove’s London launch will enable Uber to progress towards its goal of becoming an all-electric platform in the capital by 2025. 

### Transforming mobility gig economies through vehicle finance

Founded by British-born Nigerian entrepreneurs Ladi Delano and Jide Odunsi, Moove launched in Lagos, Nigeria in 2020 to democratise access to vehicle ownership. Having now scaled to nine markets across sub-Saharan Africa and India, Moove is leading the charge in the ‘mobility fintech sector’, a white space it created and which is solving the challenge of limited access to vehicle financing for millions of gig workers across ride-hailing, logistics, and instant delivery sectors, of which there are around 4.5 million in the UK alone. 

Moove’s alternative credit scoring technology provides access to vehicle financing to gig worker customers who may have previously been excluded from financial services. Over the past two years, Moove has enabled sustainable job creation and a path to asset ownership with its customers having completed over 7 million trips in Moove-financed vehicles. 

In London, Moove’s innovative approach to vehicle financing is designed to empower its customers with access to brand new, zero-emission vehicles with an easy sign-up process as well as no credit checks, upfront costs, or deposit needed. Other services include regular maintenance, MOT, vehicle insurance, health insurance and a dedicated customer success team, a product offering not matched by any other company partnered with Uber's Clean Air Plan. 

In addition, Moove customers driving with Uber can reduce their weekly payments by using funds raised through Uber’s Clean Air Plan to help them meet the cost of switching to an EV. Uber’s Clean Air Plan has raised over £145 million, equating to approximately £3,000 per driver. Moove estimates that the 10,000 EVs it plans to finance by 2025 in London will contribute a reduction of around 63,000 megatonnes of carbon dioxide emissions per year.

**Ladi Delano, co-founder and co-CEO at Moove, said:** “We are proud to have built a business in Africa to now be able to scale our model here in Europe, which is something that no other African fintech company has done before. This also marks a milestone of firsts for us; as we are excited to be launching with our first 100% EV fleet. We are thrilled to be expanding our partnership with Uber to drive our commitments towards the electrification of mobility.” 

**Andrew Brem, general manager at Uber UK, said:** “Our aim at Uber is to become a 100% electric platform in London by 2025 and we understand that drivers need access to financing if they want to make the transition to an electric vehicle. Moove’s model will help more Uber drivers switch to pure electric faster, to reduce their running costs and help clean up London’s air. With demand from riders higher than ever, our partnership with Moove will benefit drivers and riders alike.”

### Driving the electrification of mobility
Moove aims to solve many of the pain points facing its customers when switching to an electric car over a petrol or diesel-powered vehicle. Moove has launched the first end-to-end charge experience and complete EV charging network app specifically for ride-hailing drivers called Moove Charge™. The app enables Moove customers to locate, control, and pay for charging across one of the largest roaming networks in London, covering over 6,600 slow, fast and rapid charge points. Altogether, this provides a better and easier experience for drivers as well as riders as it enables more electric cars to be on the road and reduced wait times for Uber’s growing customer base. 

Please share our good news and help celebrate **#UK #mobility #electricvehicles**



Mobility fintech Moove joins forces with Uber UK to bring thousands of electric vehicles to London

Moove, the world's first mobility fintech, today announced the signing of a Memorandum of Understanding [MoU] with [MUFG](https://www.mufg.jp/english/index.html), one of the world's leading financial groups and [Suzuki](https://www.globalsuzuki.com/), one of the world's leading manufacturers of vehicles for mobility businesses. Through this MoU, Moove, which provides revenue-based financing to mobility entrepreneurs, aims to advance financial inclusion and job creation as well as upskilling opportunities in the sector.

Signed at the eighth [Tokyo International Conference on African Development [TICAD]](https://www.ticad8.tn/) conference, the tri-party MoU is an important milestone for African fintech and underscores the opportunity to leverage technology to improve the livelihoods of millions of people in emerging markets. Moove's alternative credit scoring technology will enable access to vehicle financing to mobility entrepreneurs, backed by the strength of MUFG's global network capabilities and Suzuki's expertise in manufacturing durable, high performance and fuel efficient vehicles. The MoU creates a framework for the parties to work closely together.

Launched in Lagos, Nigeria in 2020, Moove is a mission-led company committed to empowering mobility entrepreneurs to be productive and successful through providing access to vehicle financing and other financial services. Moove has since scaled to seven markets across sub-Saharan Africa and six markets in MENA, Asia and Europe, and its customers have completed over 7 million trips in Moove-financed vehicles. Moove is also working to solve other challenges in mobility, including providing access to finance for more female customers as well as improving road safety and training support for mobility entrepreneurs.

Moove Signs MoU with MUFG and Suzuki to Promote Financial Inclusion for Mobility Gig Workers Globally

South Africa

Cape Town

Johannesburg

Kenya

Nairobi

Nigeria

Lagos

Ibadan

Ghana

Accra

United Kingdom

London

United Arab Emirates

Dubai

Egypt

Cairo

India

Bangalore

Are you ready to join our mission to drive productivity and success for the world’s mobility entrepreneurs?

We are currently serving customers in 6 markets with new markets launching soon!

trips completed in Moove financed vehicles

Total Kilometers in Moove finances vehicles

Total ride hailing & e-logistic hours in Moove financed vehicles

Stay informed on all our announcements and current news. Keep up with all our latest news and stories.

Moove is committed to a 50% female customer base globally and supporting women in becoming successful business owners and owning their own vehicle.

Moove is committed to building the largest and most productive hybrid and EV fleet in the world, empowering customers with greener options and positively contributing to a more sustainable world.

Moove provides customers with access to vehicle financing, as well as a range of financial services that were previously inaccessible to them and their families, helping them to be more productive and successful.

Our Impact Goals

Backed by incredible investors from around the world

Left Lane Capital

Speedinvest

thelatest.ventures

MUFG Innovation Partners

Africinvest

FJ Labs

Palm Drive Capital

Roka / Kora

LocalGlobe & Latitude (Phoenix Court Group)

Tekton Ventures

Clocktower Technology Ventures

Our partners are an important part of the Moove community and generate opportunities for customers. You can find them here:

Join the Moovement

Our
Investors

Our
Investors

Our Latest
Mooves

Featured in

Moove makes Briter Africa Rising 100

Moove makes Tech Digest's top 5 performing Nigerian tech startup list.

Moove raises $105M to scale its vehicle financing product across Asia, Europe and MENA

Uber-Driver Supplier Moove Raises $105 Million For New Markets

Moove Raises $105 Million To Bring Its Auto Financing Global

Auto Financing Outfit Moove Targets Ride-Hailing Drivers In African Expansion

Moove delivers flexible options for vehicle ownership in Africa

British Nigerians raise $105m for mobility FinTech

Mobility sector vehicle financing options platform Moove raises $105 million as it charts a course for Europe

Nigerian mobility fintech Moove raises $105m to expand to Asia and MENA

Mobility FinTech Moove Raises $105M in Series A

The fintech craze has hit the auto industry, with nearly $2 billion in deals in 2021. Meet 16 startups winning over investors with new ways to pay for cars, insurance, repairs, and more.

Moove makes Briter Africa Rising 100

Moove makes Tech Digest's top 5 performing Nigerian tech startup list.

Moove raises $105M to scale its vehicle financing product across Asia, Europe and MENA

Uber-Driver Supplier Moove Raises $105 Million For New Markets

Our Impact Goals

Gender Equality

Clean Energy

Financial Inclusion

Our
Partners