If successful, this raise will push its valuation beyond the $1 billion mark, giving the company unicorn status and enable Moove to become one of the top global drivers of sustainable urban transport.

In just over a year, Moove’s annual revenue jumped from $115 million to $360 million. That’s around $30 million a month, driven mostly by its core business of financing cars for Uber drivers and a newer, more focus on fleet management in the U.S. market. 

Moove is no longer just a vehicle financing outfit as it’s now embedding itself in the emerging world of autonomous mobility.

Moove is already managing fleets for Waymo, the self-driving arm of Google’s parent company Alphabet. In Phoenix and Miami, the company handles cleaning, charging, and storage of Waymo’s electric robotaxis. That may sound like back-end work, but it’s a tough role. 

As Waymo rolls out commercial operations in new cities, Moove ensures these vehicles are ready for the road every single day.

Co-founder Ladi Delano said, “The current agreement with Waymo is limited to fleet management.” But Moove wants more. The company is preparing to purchase autonomous vehicles (AVs) directly from manufacturers, lease them to entrepreneurs or businesses, and still maintain full control over their operations, from depot management to charging and cleaning.

Moove is betting that today’s Uber drivers could become tomorrow’s robotaxi fleet owners. By giving them access to mini-fleets of AVs, the company is creating a model where ownership and scale intersect, without sidelining drivers.

The strategy is already global. Moove has financed cars in Africa, India, and the UK, using a drive-to-own model that lets drivers eventually own the vehicles they work with. Now, it’s taking that experience into markets with far more complex regulatory and operational demands, like the U.S.

Its recent acquisition of Brazilian mobility startup Kovi also shows how far Moove is willing to go to scale quickly. That move instantly expanded its revenue base and widened its footprint in Latin America.

To date, the company has secured $750 million in funding, both debt and equity, from investors including Uber, which holds a stake of over 10%, and the Abu Dhabi-based Mubadala Investment Company.

Moove has hired over 90 people in the U.S. this year alone. Across the world, its workforce has grown to more than 2,100. This is a global operator with eyes on the evolving future of how people and goods move.

Moove is building the infrastructure behind the AV space. While companies like Waymo develop the tech, Moove is betting that whoever owns and runs the fleets, keeps them clean, charged, and on the road, will hold real power.

And that’s what this $300 million is really about.

“Universities that aren’t investing in high-quality AV equipment may be falling behind,”

AV is reshaping education, with a projected 127% uptick in classroom adoption in the next four years (Frost & Sullivan). However, while the top 300 US universities actively invest in AV technology, other institutions must catch up.

“Some schools band-aided through the pandemic with $29.00 webcams from Amazon. They made short-term fixes instead of investing in long-term solutions,” says Joe Way, warning against this short-sightedness. “Students will select the schools with good technology. Failing digital integration means losing the race to engage and retain students.”

With five global awards for exceptional audiovisual design, Joe Way and USC have been trailblazers in embracing digital learning during the past four years. Today, Way serves as chair for HETMA – an advocacy organization focused on raising awareness of technology issues unique to the higher education community.

Streaming helps students succeed

“Once you have introduced a feature set in teaching, you can’t take it away,” he asserts, referring to students’ expectations to be able to join lectures remotely at any time, on their preferred device, and with the option to re-watch lectures in a language of their choice.

He believes that universities embracing cutting-edge audiovisual solutions will gain a competitive edge due to the heightened expectations of today’s students.

Having grown up in a world with iPhones, they expect to be able to attend classes, receive lessons, and communicate through their devices.

“Streaming and recording have great value,” says Way. Beyond providing flexibility for students, enabling them to make up for missed classes and review content during revisions, these technologies also improve accessibility, particularly for the large community of international students and professors.

“High-quality recordings that capture the right information are essential, and that’s the direction we see AV in education moving in right now,” Way adds.

Ease of use is crucial, but not enough

To enable remote learning at USC, Joe Way and his team identified the need for high-quality, energy-efficient cameras that seamlessly integrated with existing USC technology.

Ultimately, they opted for AI cameras by Norwegian manufacturer Huddly, whose product line is among the few HETMA has given their stamp of approval. Huddly cameras are now used in over 95% of USC’s 500+ spaces.

Way explains: “As a team, our top priority is to ensure ease of use, which is why we chose cameras you can implement through a simple push of a button using USB connectivity. With Huddly, we can worry less about troubleshooting the technology and focus more on encouraging our faculty to use it.”

Vegard Hammer, Chief Technology Officer at Huddly, agrees: “Ease of use is crucial. Teachers should be able to focus on teaching instead of managing the technology. But in education spaces, that alone isn’t enough. The magic of learning comes from the interaction between teachers and students, and you need technology that brings this magic to life on video. At Huddly, we use AI to engage students and turn streamed lectures into exciting, interactive experiences.”

AI enters the stage

In the new teaching reality, challenges arise whenever there is movement in the class, like teachers moving around or students asking questions, causing disruptions to the online experience.

According to Way, it’s key for AV technology to capture the essence of the session without compromising the quality of the experience for anyone. While this is difficult to achieve with a single camera, multi-camera setups come with their own challenges.

“Multi-camera production is not cost-effective and requires training. We have 13,000 classes every week, and we can’t justify having a dedicated video switcher for each class,” Way notes. But, with the recent advancements in AI-driven production, this is rapidly changing. A notable example is Huddly Crew, an AI-directed multi-camera system that mirrors the actions of a professional TV director.

Way’s excitement for the new technology is palpable. “When I saw Huddly Crew, I was just floored. I was amazed. It fills a gap in the market, and I truly believe it will be a game-changer in higher education, particularly for lecture halls with 60 seats or more that require greater flexibility. Huddly Crew’s built-in AI technology intelligently selects optimal shots, highlights essential elements, and guarantees ideal visibility. This significant advancement in production quality alone justifies its value as an investment. And the added bonus is you won’t have the ongoing concerns of support and training.”

When it comes to the future of digital learning and AI in higher education, Huddly’s Vegard Hammer believes that the best is yet to come.

“The future of remote learning is in augmented reality experiences, combining AI and image processing to create an experience that’s even better than being in the room, with a focus on maximum engagement. Huddly Crew and our AI whiteboard camera, Huddly Canvas, are early steps on this journey. For universities, investing in such technologies should be a no-brainer. Increased engagement means more effective teaching and happier students.” Joe Way is equally optimistic. “I could see AI applied in different ways. Maybe in the future, there will be better ways to moderate without the use of humans, too. Who knows – we might soon see the first virtual substitute teacher.”