Moove acquires Brazilian startup Kovi to expand Latin American operations
- Moove acquires Brazilian car rental startup Kovi in an all-share deal.
- Moove officially expanded to Mexico in October 2024.
- Kovi's proprietary IoT software and advanced driver behaviour models complement Moove's capabilities.
The acquisition of Kovi by Moove represents a strategic move that not only enhances Moove's operational capacity in Latin America but also signifies a growing trend of African startups expanding their reach globally. This could lead to increased competition in the mobility sector, and it will be interesting to see how this impacts both companies' market positions and innovation strategies.
