Moove, the global mobility company building the operating layer for autonomous mobility, today announced it has raised $250 million at a $2.1 billion valuati...

Moove has raised $250 million in Series C funding at a $2.1 billion valuation to expand its global autonomous vehicle mobility infrastructure. The round was led by Mubadala Investment Company, with co-leads Woven Capital (Toyota) and Ion Pacific. The funding will support Moove's autonomous vehicle fleet operations and robot-centric depot infrastructure called "Nests", where autonomous vehicles can charge, undergo maintenance, and be dispatched. The company expects its autonomous vehicle workforce to grow by over 220% to around 500 employees by year-end. Since 2020, Moove has built a platform operating approximately 42,000 vehicles across 29 cities in 13 countries, with 3,300 employees and $420 million in annual recurring revenue. Through its partnership with Waymo, Moove operates autonomous fleets in Phoenix and Miami, with London confirmed as its first international expansion city. Previous investors include BlackRock, MUFG, Franklin Templeton, and Uber.

Moove hits $2.1 billion valuation with $250 million Series C. News - 05 August, 2026 * UAE-headquartered mobility startup Moove has raised $250 million in a Series C round at a $2.1 billion valuation, led by Mubadala Investment Company and co-led by Woven Capital (Toyota's growth fund) and Ion Pacific, with participation from BlueCrest Capital Management and Sona Capital. * Founded in 2020 in Nigeria by Ladi Delano and Jide Odunsi, Moove builds the operating infrastructure for autonomous mobility, providing fleet ownership, management, charging, maintenance, and robotics-first depot infrastructure for autonomous vehicle fleets. * The company currently operates around 42,000 vehicles across 29 cities in 13 countries, employs 3,300 people, generates $420 million in annual recurring revenue (ARR), and manages autonomous vehicle fleets through its partnership with Waymo in Phoenix and Miami, with London set to follow. * The fresh funding will be used to expand Moove's autonomous vehicle business, build additional robotics-first Nests infrastructure, enter new markets, and grow its autonomous mobility workforce by more than 220%, from approximately 150 to 500 employees by the end of the year. Moove, the global mobility company building the operating layer for autonomous mobility, today announced it has raised $250 million at a $2.1 billion valuation in a Series C funding round led by Mubadala Investment Company and co-led by Woven Capital, Toyota's Growth Fund, and Ion Pacific. The round also brings in BlueCrest Capital Management and Sona Capital, further strengthening the depth of Moove's institutional backing, alongside the likes of BlackRock, MUFG, Franklin Templeton, Uber, Left Lane, Square Associates, The Latest Ventures, and the Ontario Power Generation Pension Plan, supporting Moove's next phase of growth. The funding will support the expansion of Moove's autonomous vehicle business, including autonomous fleet ownership and robotics-first depot infrastructure "Nests", where autonomous fleets are charged, serviced, maintained and orchestrated for continuous operation. The funds will also be used to support new market launches, globally. As part of this expansion, Moove expects to grow its autonomous vehicle workforce by more than 220% by the end of the year, increasing from ~150 employees today to ~500. Scaling autonomous mobility requires more than vehicle technology alone. It depends on access to capital, fleet ownership, charging infrastructure, maintenance, operational orchestration systems, and 24/7 city-level execution. Moove is building that infrastructure layer, enabling autonomous mobility to transition from breakthrough capability to large-scale transportation networks. Since 2020, Moove has built the capital, fleet and operations platform required to deploy and manage productive human-driven ride-hail mobility assets at scale. Today, the company employs 3,300 people globally, and operates approximately 42,000 vehicles across 29 cities in 13 countries, making it one of the largest ride-hailing fleets in the world. It has expanded through a combination of organic growth and strategic acquisitions, including Kovi in Brazil and Tokyo Taxi in Japan, and has grown to $420 million ARR. Through its autonomous mobility business, Moove is extending the operating model it has built over the past five years for human-driven mobility into next-generation AV systems. Autonomous vehicles increase the need for reliable physical infrastructure and operational precision, and Moove is applying its experience across fleet orchestration, operations, servicing, charging, and logistics to meet that demand. Through its partnership with Waymo, Moove is already a leading third-party autonomous fleet operator, with operations live in Phoenix and Miami and future operations in London. Autonomous mobility is expected to become a foundational layer of future urban ecosystems, influencing logistics, public transportation, commerce, and city infrastructure. Platforms capable of operating this infrastructure at scale are likely to play a central role in enabling next-generation mobility networks. Ladi Delano, Co-Founder, Co-CEO and Advisory Board Chairman of Moove, said: "Every major technology revolution becomes an infrastructure race. The internet required data centres. AI requires compute. Autonomy requires fleets, charging, maintenance, data systems and 24/7 operations in every city - and that is what Moove is building. In its view, as autonomy scales, infrastructure ownership and operations will define the category leaders. Wamda Group is building to be one of them. Wamda Group started in Lagos with a simple insight: mobility demand is abundant, but supply cannot scale unless capital, technology and operations move together. Five years later, that insight has evolved into a global platform. Today, Wamda Group is focused on building the platform that will redefine mobility and enable billions of autonomous journeys worldwide. From its anchor in the UAE, and backed by long-term strategic capital, Moove now has the platform to help take autonomy from breakthrough technology to everyday transportation. This is not a departure from its mission; it is the fullest expression of it." Ali Eid AlMheiri, Executive Director of Diversified Assets, UAE Investments Platform at Mubadala, said: "As autonomous mobility moves from innovation to scaled deployment, the infrastructure supporting it becomes increasingly important. Moove is building an integrated operating platform that combines fleet ownership, operational capability, and technology to support the next phase of growth in autonomous mobility. This is particularly important for the UAE. Mubadala is investing in enabling infrastructure and scalable platforms like Moove that support economic diversification and strengthen the UAE's role as a hub for advanced technologies. Since Mubadala's initial investment three years ago, Moove has been a great partner and we are glad to continue partnering with Moove in its next phase of growth." Betty Lee, Principal at Woven Capital (Toyota's Growth Fund), said: "Moove has demonstrated an exceptional ability to execute across markets, building a global platform across traditional and autonomous vehicle fleets. The next wave of mobility is an infrastructure problem as much as a software one, and Moove is building the foundational layer to solve it. Few companies at this stage have proven they can move with the speed and operational excellence that Moove has demonstrated across so many markets. We're excited to be part of what they are building and help accelerate their path as they scale." Michael Joseph, Co-CEO & Co-Founder of Ion Pacific Limited, said: "We've partnered with the Moove team for more than five years, and their execution has consistently impressed us. As autonomous mobility moves from possibility to reality, Moove is building a critical infrastructure layer for the sector - one that is complex, adaptive and essential to scaling AVs. We're excited to be part of that journey." Moove's Series C marks a step change in the company's ability to scale the infrastructure layer underpinning autonomous mobility globally.