Thursday, Mar 28 2024 | Time 15:37 Hrs(IST)
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Business Economy


Moove partners with Uber to launch mega fleet for ride-hailing in India

Hyderabad, July 25 (UNI) World's first mobility fintech and Uber’s largest vehicle supply partner in EMEA, Moove, on Monday announced the launch in India, as part of its global expansion.
Moove, which provides revenue-based financing to mobility entrepreneurs, has expanded from its African roots to Mumbai, Hyderabad and Bangalore.
The start-up offers accessible vehicle financing exclusively to drivers on Uber's platform, Moove said in a statement here.

Uber's mega fleet partnerships in India, Moove aims to launch 5,000 CNG and electric vehicles within the first year.

The company plans to scale 30,000 vehicles over the next five years, creating sustainable work opportunities in a rapidly-developing economy.

With over 600,000 drivers on Uber in India, the launch will unlock the perfect opportunity for Moove to provide accessible financing to thousands of drivers, to help them become more productive and grow their businesses.

Ladi Delano, co-founder and co-CEO at Moove, said, "As our first global expansion outside Africa, launching in India is a very special moment for the whole Moove team. We're excited to be expanding our revenue-based vehicle financing model to enable the sustainable creation of jobs across the country. We are delighted to be expanding our Uber partnership to solve this problem for our new customers in India."

Binod Mishra, Regional GM for South Asia at Moove, said, "We're looking forward to working closely with the Uber India team to roll out Moove's innovative platform, starting in Mumbai, Hyderabad and Bangalore, and scaling up to many more cities over the next five years."

Abhilekh Kumar, Director, Business Development, Uber India South Asia, said, "We are excited to partner with Moove and work together to unlock growth as we witness a resurgent post-pandemic demand in India. The addition of new cars will help provide superior customer experience to riders, while creating sustainable earning opportunities for drivers on the Uber platform.
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