Moove, the Uber-backed Nigerian startup that finances vehicles for ride-hailing companies, is expanding operations to the U.S. Since August, the company has listed vacancies for roles in Los Angeles and California. This expansion supports the startups plan to achieve profitability in 2025.
Those U.S. roles include a managing director and more recently a head of debt capital market who will be critical in driving our fundraising efforts, engaging with key financial stakeholders, and structuring complex transactions, according to a LinkedIn listing .
The four-year-old startup, founded by Ladi Delano and Jide Odunsi, shared its expansion plans in March 2024 when it announced a$100 million raise from Uber, Future Africa, Dubai-based The Latest Ventures, AfricInvest, Palm Drive Capital, and Triatlum Advisors.
Moove did not disclose the destination countries but said it will majorly finance electric vehicles upon entry. The company, which operates in six marketsNigeria, South Africa, Ghana, the U.K., India and the UAE, plans to expand to six additional countries by 2025.
Moove did not immediately respond to requests for comments.
