Moove Seeks Over $300M at $2B Valuation, Plans Autonomous Expansion

Moove, a vehicle-financing startup backed by Uber, is raising more than $300 million at a valuation of over $2 billion. The company plans to use the funds to expand its autonomous vehicle business. Moove, founded in 2020, operates in over a dozen markets and has increased its revenues from $50 million in 2024 to close to $400 million in annualized recurring revenue. The startup has broken even in terms of earnings before interest, taxes, depreciation, and amortization.