Mobility fintech Moove partners with Uber UK for deploying EVs across London
Mobility fintech Moove and Uber's largest vehicle procurement partner in EMEA, announces its launch in London as part of its global expansion.
London is the global leader in Uber's electrification efforts, with more than 6,000 electric vehicles (EVs) on the platform – the most of any city in which Uber operates. The launch of Moove in London will see Uber progress towards its goal of becoming an all-electric platform in the capital by 2025.
Founded by British-born Nigerian entrepreneurs Ladi Delano and Jide Odunsi, Moove started in 2020, in Lagos, Nigeria to democratize access to vehicle ownership. Having now expanded to nine markets across Sub-Saharan Africa and India, Moove is positioning itself as a leader in the "fintech industry for mobility", an uncharted area that Moove created and tackling the challenge of limited access to car finance for the 4.5 million platform workers in the carpooling, logistics and instant delivery sectors in the UK alone.
Moove's differentiated credit score technology provides access to auto finance for platform worker customers who may have been excluded from financial services in the past. Over the past two years, Moove has enabled not only the creation of sustainable jobs, but also a pathway to asset ownership, and its customers have taken more than seven million trips in Moove-funded vehicles.
In London, Moove's innovative car finance strategy is designed to empower customers by providing access to new zero-emission vehicles through a simple registration process with no credit checks or costs. on acquisition, nor surety. Other services include scheduled maintenance, MOT testing, car insurance, health insurance, and a dedicated customer success team, which is intended to be a product offering unmatched by any other company collaborating on the Clean Air plan. from Uber.
Additionally, Moove customers driving for Uber can lower their weekly payments with funds raised through Uber's Clean Air plan that help cover the costs of switching to an EV. Uber's Clean Air plan has raised over £145m, or approximately £3,000 per driver. Moove predicts that the 10,000 EVs it aims to fund in London by 2025 will help reduce carbon dioxide emissions by around 63,000 megatonnes annually.
Ladi Delano, co-founder, and co-CEO of Moove: "We are proud to have built a company in Africa and to be able today to extend our model here in Europe, which no African fintech has done so far. It also marks a series of firsts for the company, as we are excited to launch our first EV-only fleet. We are excited to expand our partnership with Uber to honor our commitments toward the electrification of mobility. »
Andrew Brem, Managing Director of Uber UK: "Uber aims to become an all-electric platform in London by 2025, and we understand that drivers need access to finance if they want to make the transition to an EV. Moove's model will help more Uber drivers switch faster to an all-electric vehicle to reduce their running costs and help clean up London's air. Due to higher than-ever user demand, our association with Moove will benefit both drivers and users. »