Telefonica backs Moova to expand AI-powered last-mile solutions.
With a focus on offering cost-effective logistics solutions through AI-powered last-mile software, Argentinian urban logistics startup Moova has acquired funding from Telefonica’s regional innovation hub and startup investor Wayra Hispam.
The Moova technology identifies the most cost and time-efficient routes for its users and can be utilized by organizations and individuals dubbed “Moovers.” The startup aims to forge a path toward safe and sustainable urban mobility by connecting vehicles with idle delivery capacity.
Currently operating in Argentina, Moova is eyeing plans to expand into markets such as Brazil and the USA, according to founder and CEO Antonio Migliore, telecom portal Teco Titans reported.