Uber-backed Moove expands to Mexico, extending global footprint
- Moove launched in the US and expanded to Mexico within a month.
- The company projects profitability by 2025.
- Moove's model focuses on high-growth markets and partnerships with major ride-hailing platforms.
Moove's rapid expansion into new markets like Mexico highlights the potential for African startups to thrive despite economic challenges. Their commitment to sustainability through electric vehicles is commendable and aligns with global trends towards responsible investing. However, it will be crucial for Moove to navigate the competitive landscape of ride-hailing services effectively to achieve its ambitious growth targets.
