Moove Partners with Waymo to Manage Autonomous Vehicle Fleets in the U.S.

Moove, a fintech startup that began in Nigeria, has announced a groundbreaking partnership with Waymo, Alphabet’s self-driving vehicle division. This collaboration will see Moove manage fleets of autonomous vehicles in Phoenix, Arizona, and Miami, Florida, marking the startup’s debut in the autonomous vehicle sector.

The partnership underscores Moove’s innovative revenue-based vehicle financing model and its global ambitions. It also highlights the growing influence of African startups on advanced global technologies.

Moove’s Global Expansion

Founded in 2020, Moove has rapidly scaled its operations across multiple continents. Its unique business model provides mobility entrepreneurs, especially those underserved by traditional financial systems, with revenue-based vehicle financing. Drivers can acquire vehicles by paying installments through their earnings, enabling thousands to participate in the gig economy.

Moove’s success has attracted significant funding, including a $100 million Series B round led by Uber in March 2024 and $78 million in funding in 2023. This capital has fueled its entry into major markets such as Mexico, India, and now the United States.

Waymo Partnership: A New Milestone

Waymo, a global leader in autonomous driving technology, is collaborating with Moove to enhance fleet management for its self-driving operations. By leveraging Moove’s expertise in fleet financing and management, the partnership aims to optimize the operational capabilities of Waymo’s autonomous vehicles.

This alliance not only marks Moove’s entry into the autonomous vehicle space but also demonstrates the potential for African startups to contribute to cutting-edge technological advancements globally.

The Role of African Innovation on the Global Stage

Moove’s journey exemplifies how African fintech startups are solving local challenges with globally adaptable solutions. Its revenue-based financing model has resonated far beyond Africa, making it a valuable partner for international firms like Waymo.

The collaboration reflects a broader trend of African tech companies gaining international recognition. By addressing vehicle ownership challenges in emerging markets, Moove has positioned itself as a key player in the future of global mobility and logistics.