About Kovi
Kovi is a company based in Sao Paulo (Brazil) founded in 2018 was acquired by Moove in January 2025.. Kovi has raised $144.65 million across 5 funding rounds from investors including Accel, Moove and Prosus. Kovi offers products and services including Car Rental with Purchase Option, Annual Car Rental, and Monthly Car Rental. Kovi operates in a competitive market with competitors including Turbi, OneCarNow, Carre Mobility, Zazcar and LEEVO, among others.
- Headquarter Sao Paulo, Brazil
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Sectors
Travel & HospitalityTransportation, Automotive & Logistics
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Email
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Phone
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Website
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Social
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- Legal Name Kovi Tecnologia S.A.
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Products & Services of Kovi
Kovi offers a comprehensive portfolio of products and services, including Car Rental with Purchase Option, Annual Car Rental, and Monthly Car Rental. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Enables drivers to rent cars with future purchase option and included maintenance.
Provides yearly car rentals for app drivers with reserve vehicle guarantees.
Offers short-term car rentals for drivers without credit checks or limits.
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Funding Insights of Kovi
Kovi has successfully raised a total of $144.65M across 5 strategic funding rounds. The most recent funding activity was a Debt – Conventional round of $20 million completed in August 2021. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 5
- Last Round Debt – Conventional — $20.0M
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First Round
First Round
(18 Mar 2019)
- Investors Count 16
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Aug, 2021 | Amount | Series B - Kovi | Valuation | Valor Capital Group , Prosus | |
| Aug, 2021 | Amount | Debt – Conventional - Kovi | Valuation |
investors |
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| Nov, 2019 | Amount | Series A - Kovi | Valuation | Global Founders Capital |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
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Investors in Kovi
Kovi has secured backing from 17 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Accel, Moove and Prosus. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Growth equity and venture capital are applied to tech sectors.
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Tech companies are invested in by this venture capital firm.
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Fintech investments focused on financial inclusion and global economic growth.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Venture capital is directed toward companies in multiple sectors.
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Investments & Acquisitions by Kovi
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Kovi
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
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Kovi Comparisons
Competitors of Kovi
Kovi operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Turbi, OneCarNow, Carre Mobility, Zazcar and LEEVO, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Self drive car rental platform
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Provider of electric vehicle subscriptions for rideshare drivers
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| domain | founded_year | HQ Location |
Multi-category self-driven vehicle rentals and car-pooling are provided online.
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| domain | founded_year | HQ Location |
Provides an app-based platform for on-demand car rentals.
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| domain | founded_year | HQ Location |
Digital platform for vehicle rental including monthly and hourly options.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Kovi
Frequently Asked Questions about Kovi
When was Kovi founded?
Kovi was founded in 2018 and raised its 1st funding round 1 year after it was founded.
Where is Kovi located?
Kovi is headquartered in Sao Paulo, Brazil.
Is Kovi a funded company?
Kovi is a funded company, having raised a total of $144.65M across 5 funding rounds to date. The company's 1st funding round was a Series A of $30M, raised on Mar 18, 2019.
What does Kovi do?
Kovi was established in 2018 in Sao Paulo, Brazil, as an online platform in the car rental sector. Access to a broad selection of vehicles is enabled for users, who can search and reserve cars by submitting rental duration and personal information such as driving licenses. Operations include insured transportation options and multiple payment methods, supporting bookings primarily in the Brazilian market.
Who are the top competitors of Kovi?
Kovi's top competitors include Turbi, OneCarNow and Carre Mobility.
What products or services does Kovi offer?
Kovi offers Car Rental with Purchase Option, Annual Car Rental, and Monthly Car Rental.
Who are Kovi's investors?
Kovi has 17 investors. Key investors include Accel, Moove, Prosus, Quona, and Broadhaven Capital Partners.
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