Moove acquires Kovi to fuel LatAm growth
Moove acquired Brazilian mobility company Kovi, making it a wholly owned subsidiary. The acquisition increases Moove's fleet to 36,000 vehicles and doubles its annual recurring revenue to $275 million.
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.
Uber-backed mobility fintech Moove acquires Brazil’s Kovi, takes ARR to $275M
Moove acquires Kovi, a Brazilian urban mobility provider. The acquisition is an all-share transaction, with Kovi now wholly owned by Moove.
Top 5 Regions for MobilityTech Funding in Africa
Northern Africa attracted $640M in 2023 for electric mobility and digital transformation. West Africa raised $400M in 2023, with Nigeria's Moove securing $110M for vehicle financing.
