Skift Take
Four startups raised nearly $280 million this week alone for services that help consumers travel without owning personal vehicles.
Travel Startup Funding This Week
Each week we round up travel startups that have recently received or announced funding. Please email Travel Tech Reporter Justin Dawes at [email protected] if you have funding news.
Mobility is the theme for this week’s travel startup funding roundup.
The top two biggest fundraises were for rideshare startups, one focused on African countries and one that's been rapidly expanding worldwide.
The third-largest raise was for an electric boat that flies above the water.
In total, four travel startups announced fundraises of over $280 million in the past week.
Moove: $100 MillionMoove, which provides financing to help rideshare drivers purchase cars, has raised $100 million in series B funding at a company valuation of $750 million.
Uber invested in the round alongside Mubadala, an investment company owned by the Emirati government. Other investors included The Latest Ventures, Africinvest, Palm Drive Capital, Triatlum Advisors AG, and Future Africa.
The company has now raised a total of $250 million in equity from investors including BlackRock, as well as $210 million in debt, since it was founded in 2020.
Moove’s customers are potential rideshare drivers who have been denied access to traditional vehicle loans. Drivers select a vehicle and loan provided by Moove, and