#USA #São Paulo #Moove #Mobility #Kovi

Moove Expands Its Mobility Leadership with Kovi

Moove, a prominent player in the global mobility sector, has recently completed the strategic acquisition of Kovi. This move significantly bolsters Moove's operations in Latin America and sets the foundation for a robust growth trajectory in the evolving mobility landscape.

Founded in 2020, Moove has rapidly established itself as a key player in the ridesharing market, and with this acquisition, its fleet now encompasses a staggering 36,000 vehicles worldwide. Moove's strategy includes plans to order an additional 15,000 vehicles annually across its various markets to meet the increasing demand for urban mobility solutions.

The expansion into 19 cities across six continents demonstrates Moove's commitment to enhancing its global presence. The acquisition of Kovi, headquartered in Sao Paulo, not only strengthens Moove's foothold in the rapidly growing Latin American market but also provides access to Kovi's proprietary IoT software and advanced driver behavior algorithm. These technological advancements are expected to significantly enhance Moove's AI-driven mobility strategy, focusing on security and efficiency.

Ladi Delano, co-founder and co-CEO of Moove, expressed excitement about the acquisition, stating, “Kovi has built an impressive operation with a strong presence in Brazil, one of the most dynamic mobility markets in the world. We are thrilled to welcome them to the Moove family. This acquisition underscores our commitment to bolstering our presence in Latin America and consolidating our position as a global mobility leader.”

Enhancing Mobility Solutions

Kovi has made its mark by improving vehicle ownership accessibility through innovative technologies and financial solutions. Since its inception, Kovi's remarkable growth in Brazil and Mexico positions it as an ideal match for Moove's operational goals. With a focus on driver support and a commitment to elevating mobility services, Kovi adds significant value to Moove's global operations, strengthening its ability to adapt to high-growth markets.

The collaboration is set to enhance vehicle management and user experience, providing customers with high-quality services, driven by data analytics and innovative practices. The redefined synergy between Moove's existing resources and Kovi's technological prowess promises to push the boundaries of mobility solutions.

A Promising Future

Adhemar Milani Neto, CEO of Kovi, remarked on the shared vision with Moove, highlighting the strategic alignment. He said, “We stand at the dawn of a new era in mobility. Moove has done an exceptional job in scaling its operations globally and adopting the right strategic angles. I believe together, we will become a truly significant global player, leveraging scale and expertise that has previously been unseen in our market.”

The completion of this acquisition is subject to standard regulatory approvals, including consent from the Brazilian antitrust authority. Looking ahead, Moove continues to champion mobility solutions that are not only efficient but also economically empower communities and create new job opportunities. With operations spanning six continents and a wave of innovative partnerships with industry leaders such as Uber and Waymo, Moove is determined to transform the mobility landscape.

Operational Milestones

• - Moove has expanded its operations to 19 cities across six continents in just four years since its founding.
• - It has positively impacted the lives of over 100,000 individuals through job creation and improved access to mobility.
• - The partnership with Uber resulted in over 50 million rides in vehicles funded by Moove.
• - The company has secured over $500 million in equity and debt financing from notable investors.

Moove's commitment is clear: to democratize access to mobility, enhance safety, and usher in innovations that cater to the demands of today’s commuters. As it continues to expand its reach and influence, the company's future looks brighter than ever.