Moove, the Nigerian startup supported by Uber that provides vehicle financing for ride-hailing services, is set to broaden its operations into the United States. Since August, the company has been advertising job openings in Los Angeles and throughout California. This move aligns with Moove’s objective to reach profitability by 2025.

The available positions in the U.S. include a managing director and, more recently, a head of debt capital markets, who will play a vital role in advancing fundraising initiatives, interacting with key financial partners, and structuring intricate transactions, as noted in a LinkedIn job posting.

Founded by Ladi Delano and Jide Odunsi, the four-year-old startup revealed its expansion strategy in March 2024, following a $100 million investment from Uber, Future Africa, The Latest Ventures based in Dubai, AfricInvest, Palm Drive Capital, and Triatlum Advisors.

While Moove has not specified the countries it plans to enter, it has indicated a focus on financing electric vehicles upon its arrival. Currently operating in six markets—Nigeria, South Africa, Ghana, the U.K., India, and the UAE—the company aims to expand into six more countries by 2025.

Moove has not yet responded to inquiries for further information.

The expansion into the U.S. may mirror Moove’s 2023 entry into the UAE, where it operates a fully electric vehicle fleet, which contributed to a significant number of EV trips on the Uber platform in that region. The company also manages electric vehicle fleets in the U.K. and is preparing to deploy over 20,000 EVs on Uber in India, according to a report from March.

If Uber’s collaboration with Moove transcends borders, as indicated by its involvement in the startup’s $100 million funding round, the company’s commitment to zero emissions may find a favorable reception in the U.S., where electric vehicles are gaining traction.

Moove operates by selling vehicle fleets to drivers engaged in ride-hailing, logistics, and delivery services. It collects a percentage of the drivers’ earnings weekly, allowing them to pay for the vehicles in installments.

This model has encountered obstacles in Nigeria, where drivers are struggling to achieve payment targets amid rising inflation and fuel costs.

In contrast, the startup is expected to avoid similar difficulties in the U.S., given its more stable economy and dependable credit scoring mechanisms.

It remains uncertain whether the company will modify its business model to adapt to these new markets or if it will continue to provide the same revenue-based financing to ride-hailing, logistics, mass transit, and instant delivery services.