Moov Leasing increases its share capital by €5 million, reaches a valuation of €50 million

Moov Leasing, the only operational leasing company in Romania focusing on the needs of individual clients and small businesses, announces the strategic increase of its share capital by selling 10% of its equity for €5 million. The transaction, supported by existing investors, strengthens the company’s equity, which is estimated to reach €15 million by the end of 2024, placing the company at a valuation of €50 million, just 1.5 years after its launch.

Moov Leasing’s services are aimed at small and medium-sized enterprises (SMEs), sole traders (PFA) and individuals who need one or two cars, offering them flexible and affordable solutions.

The financial results reported at the end of September show total assets of €43.5 million, revenues of €10.6 million, and a net profit of €2.5 million, reflecting the success of the chosen strategy. As of September 30, 2024, Moov Leasing’s fleet included 642 vehicles, serving over 500 clients.

In the first nine months of 2024, over 17,000 operational leasing requests were initiated on the Moov platform, with more than 900 approved, and 420 of these resulting in vehicles delivered by September 30, 2024.

“The €5 million capital increase will allow us to support the expansion of our services and technological development, offering affordable operational leasing solutions to a broader base of individual customers and SMEs. This strategic move confirms investors’ confidence in our business model and prepares us for sustainable growth in the coming years”,said Mircea Dihel, Managing Partner of Moov Leasing.