Mobility fintech firm Moove has partnered with Uber to launch in India as a part of its global expansion, a move that is set to improve ride-hailing options and contribute to job creation in the destination.
Moove will work closely with the Uber India team to roll out 5,000 compressed natural gas (CNG) and electric vehicles within the first year, starting in Mumbai, Hyderabad and Bangalore. This will scale up to 30,000 vehicles in other cities over the next five years.
In addition to creating jobs in India, Moove is also committed to ensuring that 60 per cent of the vehicles it finances globally are hybrid or electric. This is in line with India’s goal to improve renewable energy uptake and reduce harmful emissions by 2030.
According to the press release, there are over 600,000 drivers on Uber in India.
Abhilekh Kumar, director, business development, Uber India South Asia, added: “We are excited to partner with Moove and work together to unlock growth as we witness a resurgent post-pandemic demand in India. The addition of new cars will help provide superior customer experience to riders while creating sustainable earning opportunities for drivers on the Uber platform.”
