auto financing startup moove on monday announced its entry into the indian market with the launch of operations in mumbai hyderabad and bengaluru the company which is ubers largest vehicle supply partner in europe the middle east and africa has launched operations in the country as part of its global expansion nigeriaborn global startup moove provides revenuebased financing to mobility entrepreneurs the startup offers accessible vehicle financing exclusively to drivers on the ubers platform were excited to be expanding our revenuebased vehicle financing model to enable the sustainable creation of jobs across the country where there are some of the lowest vehicle ownership rates in the world in part because of the lack of access to credit advt we are delighted to be expanding our uber partnership to solve this problem for our new customers in india moove cofounder ladi delano said in a statement moove is bringing its impactled model to india its first expansion outside of africa as part of its mission to close the finance gap for mobility entrepreneurs globally the company stated the company aims to be a global leader in the electrification of ridehailing and mobility with a commitment to ensuring that 60 per cent of vehicles it finances globally are hybrid or electric it added backed by some of the worlds leading investors moove has raised over usd 200 million to date scaled to 13 markets across three continents and its customers have completed over 5 million trips pti published on jul 25 2022 at 0357 pm ist telegram facebook copy link be the first one to comment comment now comments comment now read comment 1 all comments post post find this comment offensive choose your reason below and click on the submit button this will alert our moderators to take actions reasons for reporting foul language defamatory inciting hatred against a certain community out of context spam others report join the community of 2m industry professionals subscribe to our newsletter to get latest insights analysis download etauto app get realtime updates save your favourite articles scan to download app moove indian market expansion uber auto financing vehicle financing homenewsauto financeauto financing startup moove forays into indian market