Moove: Waymo (Alphabet) x Private Credit $GOOG $GOOGL https://t.co/d0Psxzlkzc
$UBER-BACKED MOOVE TO RAISE $1.2 BILLION IN DEBT FOR WAYMO FLEET
African ride-hailing startup Moove is close to raising $1.2 billion in a debt round that will help it finance a rollout of an autonomous-driving fleet with Alphabet’s Waymo and expand in the US https://t.co/ZXzx6Zptfb
African mobility platform Moove is in advanced talks to raise about $1.2 billion in debt, according to people familiar with the matter. The funding would mark one of the largest private-credit deals for an African-founded startup. Proceeds are expected to finance a fleet of autonomous vehicles supplied by Alphabet’s Waymo and to support Moove’s planned expansion across major U.S. cities. The Lagos-born company, which counts Uber Technologies as a backer, aims to integrate self-driving cars into its ride-hailing network as part of its growth strategy.
