Moove partners with Waymo to break new ground in autonomous vehicle fleet management

Moove, a Nigerian fintech startup, is making waves by partnering with Waymo, Alphabet’s self-driving vehicle division, to manage fleets of autonomous vehicles in Phoenix, Arizona, and Miami, Florida. This exciting collaboration, announced on Friday, December 6, highlights Moove’s innovative approach to vehicle financing and its fast-growing global presence.

Founded in 2020, Moove has transformed the way mobility entrepreneurs access vehicles, offering a unique revenue-based financing model. Instead of requiring drivers to pay for vehicles upfront, Moove allows them to pay based on their earnings, making it easier for people who might not qualify for traditional loans to enter the gig economy. This model has already helped thousands of drivers in markets such as Mexico, India, and now the United States.

With Moove’s recent success, including a $100 million Series B funding round in March 2024 led by Uber, the company is on a mission to expand its operations worldwide. It’s also raising its profile in the United States, where it will now support Waymo’s autonomous vehicle fleet with its expertise in fleet management and financing.

Waymo, a leader in autonomous driving technology, is one of the world’s top innovators in self-driving cars. Partnering with Moove underscores the growing role that African companies are playing in solving complex, global challenges. It also marks Moove’s entry into the rapidly evolving world of autonomous vehicles, which Moove will help manage and finance for Waymo.

This partnership also reflects the rising global influence of African fintech companies. By solving local challenges like vehicle ownership in emerging markets, Moove has created a model that is not just relevant to Africa but to the rest of the world as well. The company’s expansion is a perfect example of how African innovation is shaping the future of global technology and logistics.

Moove’s success, backed by major investments such as the $76 million raised in 2023, highlights a growing trend of African startups gaining international recognition and becoming key players in the global economy. As more African firms expand globally, partnerships like the one with Waymo will set the stage for even more game-changing innovations in industries far beyond the continent.