Moove, the world’s first mobility fintech, has partnered with Uber UK to bring thousands of electric vehicles to London as a part of its global expansion.
As a part of the expansion, the Nigerian-born company will bring an additional 10,000 electric vehicles to London’s streets which will be available with no upfront costs or deposits, offering an improved driver experience while accelerating the electrification of mobility across the capital.
The company aims to be the largest EV partner on Uber’s platform in London by the end of 2025.
London is the global leader in Uber’s electrification efforts, with over 6,000 EVs on the platform – the most of any Uber city. The announcement comes on the heels of its recent India launch.
Democratise vehicle ownership
Founded by British-born Nigerian entrepreneurs Ladi Delano and Jide Odunsi, Moove was launched in Lagos, Nigeria, in 2020 to democratise access to vehicle ownership.
Through its alternative credit scoring technology onto ride-hailing, e-logistics, and instant delivery platforms, the company uses proprietary performance and revenue analytics to underwrite loans to drivers who were previously excluded from financial services.
In London, Moove’s approach to vehicle financing is designed to empower its customers with access to brand new, zero-emission vehicles with an easy sign-up process and no credit checks, upfront costs, or deposits needed.
On top of that, Moove customers driving with Uber can reduce their weekly payments by using funds raised through Uber’s Clean Air Plan to help them meet the cost of switching to an EV. In fact, Uber’s Clean Air Plan has raised over £145M, equating to approximately £3,000 per driver.
Backed by some leading investors, Moove has raised over $200M in funding to date.
Ladi Delano, co-founder and co-CEO at Moove says, “We are proud to have built a business in Africa to now be able to scale our model here in Europe, which is something that no other African fintech company has done before. This also marks a milestone of firsts for us; as we are excited to be launching with our first 100% EV fleet. We are thrilled to expand our partnership with Uber to drive our commitments towards the electrification of mobility.”
Moove Charge
Moove has also launched an end-to-end charge experience, and a complete EV charging network app specifically for ride-hailing drivers called Moove Charge.
It enables customers to locate, control, and pay for charging across one of the largest roaming networks in London, covering over 6,600 slow, fast and rapid charge points.
Andrew Brem, general manager at Uber UK, says, “Our aim at Uber is to become a 100% electric platform in London by 2025, and we understand that drivers need access to financing if they want to transition to an electric vehicle. Moove’s model will help more Uber drivers switch to pure electric faster, reduce their running costs, and help clean up London’s air. With demand from riders higher than ever, our partnership with Moove will benefit drivers and riders alike.”
