Moova raised a $5M venture round led by Toyota Tsusho Corporation, along with participation from Alaya Capital, Galicia Ventures, Aybe Investments, Kalei Opportunities, and Wayra.
With this funding, the company will boost its commercial and technological expansion.
“We aim to leverage technologies like AI, digitization and automation to become the leading tech-based delivery provider in Latin America. Our partnership with Toyota will help us to support our mission to make the logistics sector more sustainable”, said Moova’s Co-founder and CEO, Antonio Migliore.
The Argentinian startup offers a last-mile digital platform for urban logistics providers. With Moova, companies can generate extra income with unused capacity by taking B2B on-demand shipments online.
Moova has over 1K clients and operates 1M daily shipments in six LatAm countries, including Mexico, Peru, Colombia, and Chile.
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