Moove valuation, funding and investors
Moove works in vehicle ownership and financing services, based in Itirin, Nigeria. Founded in 2022, it has about 724 employees.
- Last round
- Series C · $250M · Aug 2026
- Valuation at last round
- $2.10B
- Headcount
- 724 · up
- Grade
- A
- Founded
- 2022
Moove valuation today
VCMC values Moove at $2.2B today, with a range of $1.8B to $3.2B and a grade of A. The valuation starts from its last funding round, a Series C round in Aug 2026.
Valuation by date (63 rows)
Each point is what the model would have shown on that date, using only what was known then; before its first round, a company is valued as a startup because it later raised.
| Date | Valuation | Range | Predicted in 1 yr | Phase | Headcount | Trend | Grade | Winding-down probability |
|---|---|---|---|---|---|---|---|---|
| 1 Jan 2022 | $10.4M | $3.79M – $28.6M | $11.4M (+9%) | before first round | – | unknown | D | 0% |
| 1 Feb 2022 | $15.5M | $5.64M – $42.6M | $16.9M (+9%) | before first round | 180 | unknown | D | 0% |
| 1 Mar 2022 | $15.6M | $5.68M – $42.9M | $17.0M (+9%) | before first round | 180 | unknown | D | 0% |
| 15 Mar 2022 | $479M | $314M – $1.3B | $861M (+80%) | after a round | 180 | unknown | C | 0% |
| 1 Apr 2022 | $492M | $314M – $1.3B | $861M (+75%) | after a round | 180 | unknown | C | 0% |
| 1 May 2022 | $517M | $314M – $1.3B | $861M (+67%) | after a round | 180 | unknown | C | 0% |
| 1 Jun 2022 | $543M | $314M – $1.3B | $861M (+59%) | after a round | 180 | unknown | C | 0% |
| 1 Jul 2022 | $570M | $314M – $1.3B | $861M (+51%) | after a round | 180 | unknown | C | 0% |
| 1 Aug 2022 | $599M | $314M – $1.3B | $861M (+44%) | after a round | 180 | unknown | C | 0% |
| 1 Sep 2022 | $630M | $314M – $1.3B | $861M (+37%) | after a round | 180 | unknown | C | 0% |
| 1 Oct 2022 | $661M | $314M – $1.3B | $861M (+30%) | after a round | 180 | unknown | C | 0% |
| 1 Nov 2022 | $695M | $314M – $1.3B | $861M (+24%) | after a round | 180 | unknown | C | 0% |
| 1 Dec 2022 | $729M | $314M – $1.3B | $861M (+18%) | after a round | 180 | unknown | C | 0% |
| 1 Jan 2023 | $766M | $314M – $1.3B | $861M (+12%) | after a round | 180 | unknown | C | 0% |
| 1 Feb 2023 | $805M | $314M – $1.3B | $861M (+7%) | after a round | 180 | unknown | C | 0% |
| 1 Mar 2023 | $842M | $314M – $1.3B | $861M (+2%) | after a round | 180 | unknown | C | 0% |
| 1 Apr 2023 | $1.1B | $389M – $1.6B | $1.1B (0%) | after a round | 460 | growing | C | 0% |
| 1 May 2023 | $1.1B | $395M – $1.6B | $1.1B (0%) | after a round | 460 | growing | C | 0% |
| 1 Jun 2023 | $1.1B | $401M – $1.6B | $1.1B (0%) | after a round | 460 | growing | C | 0% |
| 1 Jul 2023 | $1.1B | $406M – $1.6B | $1.1B (0%) | after a round | 460 | growing | C | 0% |
| 1 Aug 2023 | $1.1B | $412M – $1.6B | $1.1B (0%) | after a round | 460 | growing | C | 0% |
| 11 Aug 2023 | $550M | $478M – $696M | $605M (+10%) | after a round | 460 | flat | A | 0% |
| 1 Sep 2023 | $553M | $478M – $696M | $605M (+9%) | after a round | 460 | flat | A | 0% |
| 1 Oct 2023 | $558M | $478M – $696M | $605M (+9%) | after a round | 530 | up | A | 0% |
| 1 Nov 2023 | $562M | $478M – $696M | $605M (+8%) | after a round | 530 | up | A | 0% |
| 1 Dec 2023 | $566M | $478M – $696M | $605M (+7%) | after a round | 530 | up | A | 0% |
| 1 Jan 2024 | $571M | $478M – $696M | $605M (+6%) | after a round | 530 | up | A | 0% |
| 1 Feb 2024 | $576M | $478M – $696M | $605M (+5%) | after a round | 530 | up | A | 0% |
| 1 Mar 2024 | $579M | $478M – $693M | $602M (+4%) | after a round | 520 | up | A | 0% |
| 20 Mar 2024 | $751M | $652M – $1.3B | $1.1B (+50%) | after a round | 520 | up | B | 0% |
| 1 Apr 2024 | $761M | $652M – $1.3B | $1.1B (+48%) | after a round | 520 | up | B | 0% |
| 1 May 2024 | $787M | $652M – $1.3B | $1.1B (+43%) | after a round | 520 | up | B | 0% |
| 1 Jun 2024 | $814M | $652M – $1.3B | $1.1B (+38%) | after a round | 520 | up | B | 0% |
| 1 Jul 2024 | $842M | $652M – $1.3B | $1.1B (+34%) | after a round | 520 | up | B | 0% |
| 1 Aug 2024 | $874M | $652M – $1.3B | $1.1B (+30%) | after a round | 540 | up | B | 0% |
| 1 Sep 2024 | $905M | $652M – $1.3B | $1.1B (+25%) | after a round | 540 | up | B | 0% |
| 1 Oct 2024 | $936M | $652M – $1.3B | $1.1B (+21%) | after a round | 540 | up | B | 0% |
| 1 Nov 2024 | $972M | $652M – $1.3B | $1.1B (+17%) | after a round | 550 | up | B | 0% |
| 1 Dec 2024 | $1.0B | $652M – $1.3B | $1.1B (+13%) | after a round | 550 | flat | B | 0% |
| 1 Jan 2025 | $1.0B | $652M – $1.3B | $1.1B (+9%) | after a round | 550 | flat | B | 0% |
| 1 Feb 2025 | $1.1B | $652M – $1.3B | $1.1B (+5%) | after a round | 550 | flat | B | 0% |
| 1 Mar 2025 | $1.1B | $652M – $1.3B | $1.1B (+2%) | after a round | 550 | flat | B | 0% |
| 1 Apr 2025 | $1.1B | $641M – $1.3B | $1.1B (0%) | after a round | 550 | flat | B | 0% |
| 1 May 2025 | $1.1B | $614M – $1.3B | $1.1B (0%) | after a round | 550 | flat | B | 0% |
| 1 Jun 2025 | $1.1B | $588M – $1.3B | $1.1B (0%) | after a round | 550 | flat | B | 0% |
| 1 Jul 2025 | $1.2B | $646M – $1.3B | $1.2B (0%) | after a round | 611 | up | B | 0% |
| 1 Aug 2025 | $1.2B | $646M – $1.3B | $1.2B (0%) | after a round | 626 | up | B | 0% |
| 1 Sep 2025 | $1.2B | $644M – $1.3B | $1.2B (0%) | after a round | 626 | up | B | 0% |
| 1 Oct 2025 | $1.2B | $643M – $1.3B | $1.2B (0%) | after a round | 626 | up | B | 0% |
| 1 Nov 2025 | $1.2B | $643M – $1.4B | $1.2B (0%) | after a round | 638 | up | B | 0% |
| 1 Dec 2025 | $1.2B | $642M – $1.4B | $1.2B (0%) | after a round | 638 | up | B | 0% |
| 1 Jan 2026 | $1.2B | $647M – $1.4B | $1.2B (0%) | after a round | 674 | up | B | 0% |
| 1 Feb 2026 | $1.2B | $646M – $1.4B | $1.2B (0%) | after a round | 674 | up | B | 0% |
| 1 Mar 2026 | $1.2B | $646M – $1.4B | $1.2B (0%) | after a round | 674 | up | B | 0% |
| 1 Apr 2026 | $1.2B | $546M – $1.4B | $1.2B (0%) | after a round | 674 | up | B | 0% |
| 1 May 2026 | $1.2B | $541M – $1.4B | $1.2B (0%) | after a round | 700 | up | B | 0% |
| 1 Jun 2026 | $1.2B | $531M – $1.4B | $1.2B (-1%) | after a round | 700 | up | B | 0% |
| 1 Jul 2026 | $1.2B | $521M – $1.4B | $1.2B (-2%) | after a round | 700 | up | B | 0% |
| 1 Aug 2026 | $1.2B | $514M – $1.4B | $1.2B (-2%) | after a round | 717 | up | B | 0% |
| 6 Aug 2026 | $2.1B | $1.8B – $3.1B | $2.7B (+30%) | after a round | 717 | up | A | 0% |
| 1 Sep 2026 | $2.1B | $1.8B – $3.1B | $2.7B (+28%) | after a round | 710 | up | A | 0% |
| 1 Oct 2026 | $2.2B | $1.8B – $3.2B | $2.7B (+25%) | after a round | 724 | up | A | 0% |
| 24 Oct 2026 | $2.2B | $1.8B – $3.2B | $2.7B (+23%) | after a round | 724 | up | A | 0% |
Key facts about Moove
- Founded
- 2022
- Headquarters
- Itirin, Nigeria
- Employees
- about 724 +13% in a year
- Total raised
- $636M
- Funding rounds
- 9
- Last round
- Series C Aug 2026
Moove was founded in 2022 by Jide Odunsi and Ladi Delano.
Moove funding history
Moove has 9 funding rounds on record, from May 2021 to Aug 2026, $636M in total. The latest disclosed valuation is $2.10B post-money (Series C, Aug 2026).
Series C 5 Aug 2026
Led by Mubadala, Woven Capital, Ion Pacific; with BlueCrest Capital Management, Sona Capital, BlackRock, MUFG, Franklin Templeton, Uber, Left Lane Capital, Square Associates, The Latest Ventures, Ontario Power Generation Pension Plan, Raptor Group, Silverbacks Holdings, Endeavor, Sona Asset Management.
Sources: mubadala.com, techcrunch.com, theaiinsider.tech and 3 more
$250M
$2.10B post-money
Series B 19 Mar 2024
Led by Uber; with Mubadala, The Latest Ventures, AfricInvest, Palm Drive Capital, Triatlum Advisors, Future Africa.
Sources: moove.io, disruptafrica.com, afrotech.com and 5 more
$100M
$750M post-money
Debt 14 Feb 2024no round page
With Stride Ventures.
Sources: moove.io, stage.www.moove.link, techpoint.africa
$10M
Growth Equity 10 Aug 2023
Led by Mubadala; with BlackRock.
Sources: finsmes.com, techpoint.africa, techcrunch.com and 4 more
$76M
$550M post-money
Other 7 Jul 2023no round page
With Absa Corporate and Investment Banking.
Sources: moove.io, techpoint.africa, techtrendske.co.ke and 3 more
$8.0M
Debt 8 Dec 2022no round page
Led by Franklin Templeton Investments (ME) Ltd..
Sources: moove.io, techpoint.africa, businesswire.com and 1 more
$30M
$17M
Series A 14 Mar 2022
Led by Speedinvest, Left Lane Capital, thelatest.ventures; with AfricInvest, MUFG Innovation Partners, Phoenix Court, Kreos Capital.
Sources: moove.io, financialit.net, techcrunch.com
$105M
$40M
Moove investors
28 investors have backed Moove; Mubadala, thelatest.ventures and Left Lane Capital and 5 more led at least one round.
- Mubadala lead, 3 rounds
- thelatest.ventures lead, 3 rounds
- Uber lead, 2 rounds
- Franklin Templeton Investments (ME) Ltd. lead
- Speedinvest lead
- BlackRock 2 rounds
- Absa Corporate and Investment Banking
- BlueCrest Capital Management
- Endeavor
- Franklin Templeton
- MUFG
- MUFG Innovation Partners
- Ontario Power Generation Pension Plan
- Phoenix Court
- Sona Asset Management
- Sona Capital
- Square Associates
- Triatlum Advisors
What Moove does
Moove works in car rental, with 8 recorded offerings and customers in transportation and financial services.
Moove Vehicle Limited is a Nigerian company engaged in vehicle ownership and transportation services, with a focus on financial inclusion and access to vehicle financing. The company operates in Nigeria, Ghana, South Africa, Latin America, India, Europe, and the Middle East, serving a diverse customer base. Moove also engages in clean energy initiatives by supporting the development of hybrid and electric vehicle fleets.
Description from Veridion's company data.
Products and services
- Vehicle Ownership and Financing Services
- Transportation Services
- Hybrid and Electric Vehicle Fleet Development
- Clean Energy Vehicle Solutions
- Financial Inclusion Services
- Digital Vehicle Management Solutions
- International Vehicle Distribution
- Sustainable Mobility Solutions
Markets
- Transportation
- Financial Services
Business model
- Business-to-Business
- Business-to-Consumer
- Service Provider
Industry codes (NAICS)
- 532111 Passenger Car Rental 70% match
- 522291 Consumer Lending 30% match
Questions about Moove
What is Moove worth?
Valuation $2.2B (range $1.8B to $3.2B), as of 24 Oct 2026. The last disclosed valuation was $2.10B (Series C, Aug 2026).
Has Moove raised money?
Moove has 9 funding rounds on record, from May 2021 to Aug 2026, $636M in total. The latest disclosed valuation is $2.10B post-money (Series C, Aug 2026).
Who has invested in Moove?
Mubadala, thelatest.ventures, Left Lane Capital, Uber, Franklin Templeton Investments (ME) Ltd. and Ion Pacific, and 22 more. Lead investors include Mubadala, thelatest.ventures, Left Lane Capital and Uber.
How many people work at Moove?
About 724, up 13% over the last year. Headcount grew from 180 in Feb 2022 to 724 in Sep 2026.
What does Moove do?
Moove works in car rental, with 8 recorded offerings and customers in transportation and financial services. Its main offerings are vehicle ownership and financing services, transportation services and hybrid and electric vehicle fleet development.
When was Moove founded, and where is it based?
Moove was founded in 2022 and is based in Itirin, Nigeria. It has about 724 employees, up 13% over the last year.