Moove Raises $250 Million at $2.1 Billion Valuation to Scale the Global Infrastructure Layer for Autonomous Mobility
The Series C will fund fleet ownership, depot infrastructure and 24/7 operations as Moove expands its Waymo partnership and autonomous workforce.
- On Wednesday, August 5, 2026, Moove announced a $250 million Series C funding round led by Mubadala Investment Company, with Woven Capital and Ion Pacific co-leading, valuing the company at $2.1 billion.
- Founded in 2020 by Ladi Delano and Jide Odunsi, Moove initially financed ride-hailing drivers in Africa but has since shifted focus to become an infrastructure provider for autonomous mobility.
- Through a partnership with Waymo, Moove manages autonomous fleets in Phoenix, Miami, and London, while operating approximately 42,000 vehicles across 29 cities in 13 countries with about $420 million in annual recurring revenue.
- The capital will support hiring about 350 people for the autonomous vehicle business and developing automated depots called "Nests" for around-the-clock vehicle charging and maintenance.
- Delano stated that as autonomy scales, infrastructure ownership and operations will define category leaders, with the company ultimately aiming to own hundreds of thousands of robotaxis.
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op-online.deWith $250 million of fresh capital, Moove takes on a key role in the Robotaxi market. The company not only wants to manage vehicles, but to provide infrastructure in the long term.
African Mobility Fintech Moove Raises $250m At $2.1b Valuation
Moove raised $250 million in an investment round led by Abu Dhabi sovereign wealth fund Mubadala, valuing the vehicle-financing and fleet-management company at $2.1 billion. Woven Capital, Toyota's growth fund, and Ion Pacific co-led the round. BlueCrest Capital Management, Sona Asset Management and Raptor Group also took part.
Moove raises $250m at a $2.1bn valuation to run robotaxi fleets
Moove has quietly become one of the more valuable names in autonomous mobility. The company has raised $250m in a Series C round that values it at $2.1bn, a marker of how far it has travelled from its origins. The backing is heavyweight. The round was led by Abu Dhabi’s Mubadala, with Toyota’s growth fund […] This story continues at The Next Web
Moove Hits $2.1 Billion Valuation in Mubadala-Led Fundraising
Moove has closed a $250 million investment round led by Abu Dhabi sovereign wealth fund Mubadala, which will help the vehicle-financing and fleet-management startup add services for self-driving cars and expand into new geographies.
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