Moove erwirbt Kovi und stärkt Führungsposition in der Mobilität
Deal News | Jan 30, 2025 | PR Newswire Cision Moove
Moove, a prominent global mobility company, has announced the acquisition of Kovi, a leading urban mobility provider based in São Paulo. This strategic acquisition is aimed at strengthening Moove's presence in the rapidly growing Latin American market. The acquisition increases Moove's total fleet to 36,000 vehicles across 19 cities on six continents, enhancing its position as one of the largest rideshare fleet operators worldwide. The integration of Kovi's IoT software and advanced driver behavior algorithm will fortify Moove's AI-mobility strategy, boosting safety and efficiency. The completion of the transaction is contingent upon the approval of Brazil's competition authority. Moove, founded in 2020, collaborates with partners such as Uber, Waymo, and other key investors, continually expanding through strategic acquisitions and partnerships.
Sectors
- Mobility Services
- Transport Technology
- Financial Services
Geography
- Latin America – The acquisition involves Kovi, a company based in São Paulo, and enhances Moove's presence in the Latin American market.
- Global – Moove operates in 19 cities across six continents, reflecting its global market reach and strategic expansion.
Industry
- Mobility Services – The article discusses Moove's acquisition of Kovi, both firms are operating in the mobility services industry, providing rideshare platforms and technology solutions.
- Transport Technology – The acquisition involves IoT and AI technologies to enhance fleet and driver behavior management, highlighting involvement in transport tech.
- Financial Services – Moove's financial model and its partnerships with large investors such as Uber, BlackRock, and MUFG, point to the significant role of financial services in this transaction.
Financials
- 275 million USD – The recurring annual revenue of Moove post-acquisition on a consolidated basis.
- 500 million USD – Combined equity and debt funding acquired by Moove from investors such as Uber and BlackRock.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Moove | Acquirer | Company | A global leader in mobility services, expanding its fleet and technology through strategic acquisitions. |
| Kovi | Target Company | Company | An urban mobility provider based in São Paulo, known for its innovative IoT solutions. |
| Ladi Delano | Co-Founder and Co-CEO | Person | Moove's co-founder and co-CEO, commenting on the strategic acquisition. |
| Adhemar Milani Neto | CEO | Person | CEO of Kovi, discussing the strategic alignment with Moove. |