Moove to strengthen presence in Latin America with Kovi acquisition

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, a global leader in mobility solutions, has taken a significant step in expanding its international presence with the acquisition of Kovi, a São Paulo-based urban mobility provider. This strategic move bolsters Moove’s footprint in ‘s mobility sector, reinforcing its leadership in AI-driven fleet management while scaling its fleet size to meet the rising demand for vehicle access in emerging markets.

With the acquisition, Moove’s global fleet now stands at 36,000 vehicles, making it one of the largest rideshare fleet operators worldwide. The deal further enhances Moove’s AI mobility strategy, integrating Kovi’s proprietary IoT software and predictive driver analytics to improve fleet efficiency, driver safety, and operational sustainability.

By acquiring Kovi, Moove strengthens its ability to provide affordable mobility solutions across key growth markets. The acquisition aligns with Moove’s long-term goal of ordering 15,000 vehicles annually, ensuring continued expansion and technological advancements in urban mobility.

Why Is Latin America a Key Market for Moove’s Mobility Growth?

The mobility sector in Latin America is undergoing a transformation, driven by the increasing demand for rideshare fleet expansion and innovative financing models for vehicle ownership. Brazil and , where Kovi has a well-established presence, represent two of the fastest-growing mobility markets globally.

Since its founding in 2018, Kovi has pioneered data-driven vehicle leasing solutions, making car ownership more accessible through flexible financial models. Moove’s acquisition allows it to integrate Kovi’s AI-driven technology into its fleet operations, enabling real-time vehicle monitoring, predictive maintenance, and driver safety analytics.

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Ladi Delano, Co-Founder and Co-CEO of Moove, highlighted the strategic benefits of the acquisition:

“Kovi has built a strong presence in Brazil, one of the most dynamic mobility markets. This acquisition not only expands our global rideshare fleet but also strengthens our ability to innovate through AI and IoT technology. By integrating Kovi’s data-driven fleet solutions, we reinforce our commitment to efficiency, safety, and sustainable growth in Latin America.”

With Moove’s entry into Latin America, the company is poised to unlock new revenue streams, strengthen its market share, and enhance its mobility offerings through tech-driven fleet management solutions.

How Will Kovi’s IoT and AI Technology Improve Moove’s Rideshare Fleet?

A key aspect of Moove’s expansion strategy is leveraging AI mobility technology to optimize fleet efficiency. Kovi’s proprietary IoT-enabled driver behaviour analytics will enhance Moove’s existing platform by providing:

  • Predictive maintenance algorithms to reduce vehicle downtime
  • Real-time fleet monitoring for enhanced safety and operational efficiency
  • Data-driven driver analytics to improve performance and fuel efficiency

By integrating AI mobility strategy into its fleet management operations, Moove can offer a safer, more cost-effective solution for drivers while ensuring sustainable vehicle utilization in its key markets.

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Adhemar Milani Neto, CEO of Kovi, expressed enthusiasm about the collaboration:

“Moove has done a remarkable job scaling its business globally with a strategic focus on AI-driven fleet management. Our partnership will allow us to leverage our combined expertise to drive innovation in the rideshare industry. Together, we will expand further across Latin America with a more robust fleet and deeper market penetration.”

This strategic integration will position Moove as a category-defining player in the global rideshare fleet industry, reinforcing its dominance in AI-powered mobility solutions.

How Is Moove Expanding into Autonomous Fleet Operations with Waymo?

Moove’s fleet expansion strategy is not limited to conventional rideshare markets. In December 2024, Moove announced a groundbreaking partnership with , a leader in autonomous vehicle technology. The agreement marks a major step toward integrating self-driving mobility solutions into Moove’s operations.

Under this partnership, Moove will manage and dispatch Waymo’s autonomous fleet, starting in Phoenix in 2025, with further expansion planned for Miami in 2026. Moove’s role includes overseeing:

  • Fleet operations and vehicle dispatch
  • Infrastructure management, including charging facilities
  • Operational integration with Waymo’s autonomous driving technology

Waymo will continue to provide autonomous vehicle validation and software development, while Moove ensures seamless fleet operations and enhances user experience through its AI-driven mobility platform.

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This collaboration strengthens Moove’s positioning in autonomous rideshare fleet management, reinforcing its role in the future of self-driving mobility solutions.

What’s Next for Moove’s Global Growth Strategy?

With its acquisition of Kovi and its expansion into autonomous mobility, Moove is accelerating its ambition to become the largest AI-driven rideshare fleet operator globally. Backed by over $500 million in funding from world-class investors like Mubadala, BlackRock, Franklin Templeton, and MUFG, Moove is poised for further expansion across key mobility markets.

The completion of the Kovi acquisition remains subject to Brazilian antitrust approval, but once finalized, the deal will further solidify Moove’s presence in Latin America while advancing its AI-powered fleet management strategy.

With increasing demand for smart mobility solutions, Moove is well-positioned to lead the transformation of the global rideshare fleet industry, integrating cutting-edge AI, IoT, and autonomous driving technologies to shape the future of mobility.


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