Moove Acquires Kovi, Strengthening its Position as a Global Leader in Mobility

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Moove's total global fleet now comprises 36,000 vehicles. As part of its long term strategy to meet growing demand, Moove will order no fewer than 15,000 vehicles annually across all its markets. The acquisition strengthens Moove's ARR revenue to upwards of $275 Million (on a consolidated basis). Moove's presence now spans 19 cities across 6 continents, showcasing its scale and reach as a global mobility leader. This acquisition strengthens Moove's presence in LATAM, expanding its operational presence and economic impact in the region. Kovi's proprietary IoT software and driver behaviour algorithm will strengthen Moove's AI mobility strategy. 

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