Moove acquires Kovi

Moove, a world-leading mobility company with the vision to develop the largest rideshare fleet and the best technologies for mobility platforms, has announced the acquisition of Kovi, an urban mobility provider headquartered in São Paulo.

This strategic acquisition is in line with Moove's commitment to advancing mobility and expanding its presence in the rapidly growing Latin American market. Founded in 2020, Moove has built the third side of mobility marketplaces by providing dedicated offerings through drive-to-own, taxi, and autonomous fleets and continues to lead the transformation of mobility worldwide.

Worldwide Total Fleet

With the acquisition, Moove's total fleet worldwide increases to 36,000 vehicles, deployed in 19 cities across six continents. It not only strengthens the company's position as one of the world's largest rideshare fleet operators but also includes the IoT software developed by Kovi and the advanced driver behavior algorithm, which complement Moove's existing focus on safety and efficiency.

These innovations will enhance Moove's AI mobility strategy and further expand the company's position as a global leader in innovation in mobility and autonomous vehicles while simultaneously underscoring its commitment to fostering economic growth in Latin America.

Kovi was founded in 2018 and has established itself as a pioneer, making vehicle ownership more accessible and efficient through innovative technology and financial solutions. With a robust fleet and a strong presence in Brazil and Mexico, Kovi has experienced impressive growth since its inception.

Moove's innovative approach to driver support and the company's strong foothold in Brazil provide substantial added value to Moove's global operations and strengthen the company's ability to expand into high-growth markets and drive impactful change in mobility.