This investment could boost Moove’s valuation from $650 million to $750 million, although the final figure could fall between $75 million and $100 million.
While neither company has officially commented on the potential deal, the move wouldn’t be surprising given their existing partnership.
In 2020, Uber and Moove collaborated to offer Uber drivers flexible car ownership options.
This potential investment would mark another milestone for Moove, bringing its total funding to $335 million since its launch.
The company recently secured $10 million in debt financing from Stride Ventures to expand its operations in India, focusing on the cities of Mumbai, Hyderabad, and Bengaluru.
Notably, Uber has partnered with Moove in India to provide electric vehicles to Uber drivers there.
“We are delighted to partner with ISA to support the development of solar energy in Africa,” said Alain Ebobissé, CEO of Africa50. “This partnership will help to accelerate the deployment of solar energy in Africa and improve the lives of millions of Africans,” he added.
Amenli, an Egyptian insurtech startup, has raised $2.3 million in funding to accelerate its growth and enhance its service offerings.
Ghanaian-Ugandan fintech platform, Fido, has announced a significant boost to its operations with the successful acquisition of $10 million in Series B funding.
Egyptian group-buying startup Waffarha has secured a seven-figure seed round to fuel its growth plans.
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