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Market Chatter: Uber-Backed Vehicle-Financing Startup Moove Aims to Raise Over $300 Million in Fresh Capital
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Market Chatter: Uber-Backed Vehicle-Financing Startup Moove Aims to Raise Over $300 Million in Fresh Capital
Sep 20, 2025 11:13 PM

04:39 AM EDT, 09/19/2025 (MT Newswires) -- Uber Technologies ( UBER )-backed (UBER) Moove is looking to raise more than $300 million in a new funding round at a valuation exceeding $2 billion, Bloomberg News reported Friday, citing people familiar with the matter.

The African vehicle-financing startup plans to use the proceeds to grow its autonomous vehicle business, an unnamed source told the news outlet.

Uber ( UBER ) and Moove didn't immediately respond to MT Newswires' requests for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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