Moove raises $250M at $2.1B valuation to expand autonomous vehicle fleet operations

Aug 5, 2026

Dubai-based mobility startup Moove has raised $250 million in a Series C funding round led by Abu Dhabi's Mubadala Investment Company, valuing the firm at $2.1 billion. The capital will fund Moove's transition from a human-driven ride-hailing fleet operator to a critical infrastructure provider for autonomous vehicles. Moove plans to expand its fleet partnership with Waymo, build automated robotic depots called 'Nests' for 24/7 vehicle servicing, and grow its autonomous vehicle workforce by over 220% by the end of 2026.

Moove Series C funding round

▪The Series C round attracted participation from BlueCrest Capital Management, Sona Asset Management, and The Raptor Group.
▪Moove raised $250 million in a Series C funding round that values the global mobility company at $2.1 billion.
▪The Series C funding round was led by Mubadala Investment Company and co-led by Woven Capital (Toyota's Growth Fund) and Ion Pacific.

Autonomous vehicle infrastructure platform

▪Moove is building the physical infrastructure layer for autonomous mobility, including fleet ownership, charging infrastructure, maintenance, and operational orchestration systems.
▪Moove plans to use the Series C capital to scale its autonomous vehicle fleet management business, purchase robotaxis, and support new market launches.

Waymo fleet partnership

▪Moove serves as a third-party autonomous vehicle fleet manager for Waymo, with live operations in Phoenix and Miami.
▪Moove has announced plans to expand its autonomous vehicle fleet operations with Waymo into London.

Global workforce expansion

▪Moove employs 3,300 people globally across its entire traditional and autonomous business operations.
▪Moove plans to grow its autonomous vehicle workforce by more than 220% by the end of 2026, increasing from approximately 150 employees to around 500.

Human-driven mobility foundation

▪Moove was founded in Lagos, Nigeria in 2020 by Ladi Delano and Jide Odunsi with an initial fleet of 76 vehicles.
▪Moove expanded its global footprint through strategic acquisitions, including Kovi in Brazil and Tokyo Taxi in Japan.
▪Moove operates approximately 42,000 vehicles across 29 cities in 13 countries, generating an annual recurring revenue of $420 million.

Robotics-first depot infrastructure

▪Moove is developing automated, robotics-first depots called 'Nests' to charge, service, maintain, and orchestrate autonomous fleets for continuous operation.
▪Moove has approximately 15 automated depot facilities in some stage of development.