Kovi Acquisition Adds 36,000 Vehicles

This deal turned Moove from a strong Africa and Middle East operator into a truly global fleet owner overnight. Buying Kovi did not just add cars, it added a ready made local machine in Brazil and Mexico, including driver acquisition, vehicle servicing, collections, and underwriting workflows in two dense ride hailing markets where scale matters because idle cars, weak maintenance, and missed payments quickly destroy returns.

• Kovi gave Moove immediate physical scale in Latin America. The combined company reached 36,000 vehicles, 19 cities, and six continents, with Kovi continuing to operate in Brazil and Mexico. That is much faster than building a local fleet city by city from scratch.
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• Brazil and Mexico fit Moove's core product well. The model is simple, Moove buys vehicles, places them with ride hailing and delivery drivers, deducts weekly payments from marketplace earnings, and reuses telematics and servicing to control defaults. Kovi brought that same operating loop into Latin America.
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• The Kovi acquisition also complements the Waymo partnership. In Latin America, Moove manages human driven fleets for drivers. In the U.S., it is moving into depot, charging, and maintenance work for robotaxis in Phoenix and Miami. Both businesses reward the same skill, keeping vehicles utilized and financed efficiently.
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The next step is turning local beachheads into regional density. If Moove keeps layering more vehicles, maintenance capacity, charging, and insurance onto Brazil, Mexico, and U.S. robotaxi operations, it can evolve from a lender to gig drivers into the operating backbone for large mobility fleets across multiple vehicle types and markets.