Moove Raises $250 Million at $2.1 Billion Valuation to Expand Autonomous Fleet Infrastructure
Updated
Updated · Wamda · Aug 5
Moove Raises $250 Million at $2.1 Billion Valuation to Expand Autonomous Fleet Infrastructure
3 articles · Updated · Wamda · Aug 5
Summary
$250 million in Series C funding values Moove at $2.1 billion, giving the UAE-headquartered startup fresh capital to scale its autonomous mobility platform.
Mubadala led the round, with Toyota growth fund Woven Capital and Ion Pacific co-leading, as Moove targets new markets, more robotics-first depots and a workforce increase to about 500 autonomous-mobility staff from 150.
Moove says it already runs about 42,000 vehicles across 29 cities in 13 countries, employs 3,300 people and generates $420 million in annual recurring revenue.
Waymo partnerships in Phoenix and Miami already anchor its autonomous fleet operations, with London next, extending a business built since 2020 in Nigeria into global AV infrastructure.