Ride-sharing giant Uber is partnering with mobility FinTech company Moove to bring 10,000 electric vehicles (EVs) to London over the next three years.

The African start-up is currently Uber’s largest vehicle supply partner in the EMEA region.

London currently has 6,000 Uber-driven EVs on its roads, the highest number of any city around the world.

The Lagos-headquartered business has launched in Europe with an EV rent-to-buy model that gives access to zero-emissions vehicles for a weekly fee. Users do not need to go through any credit checks to gain access to a vehicle.

Moove offers what it describes as an alternative credit scoring technology, designed to give gig workers who may have previously been excluded from financial services access to vehicle financing.

“Our aim at Uber is to become a 100 per cent electric platform in London by 2025 and we understand that drivers need access to financing if they want to make the transition to an electric vehicle,” said Andrew Brem, general manager Uber UK. “Moove’s model will help more Uber drivers switch to pure electric faster, to reduce their running costs and help clean up London’s air.

“With demand from riders higher than ever, our partnership with Moove will benefit drivers and riders alike.”

Moove customers driving with Uber can reduce weekly payments by using funds raised through Uber’s Clean Air Plan to help them meet the cost of switching to an EV.

Uber’s Clean Air Plan has raised over £145 million, equating to approximately £3,000 per driver.

The move is expected to reduce around 63,000 megatonnes of carbon dioxide per year.

“We are proud to have built a business in Africa to now be able to scale our model here in Europe, which is something that no other African fintech company has done before,” said Ladi Delano, co-founder and co-chief executive, Moove. “This also marks a milestone of firsts for us; as we are excited to be launching with our first 100% EV fleet. We are thrilled to be expanding our partnership with Uber to drive our commitments towards the electrification of mobility.”

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