Editor-Curated Robotics Industry Briefing - RobotToday

Moove Raises $250 Million in Series C Funding, Achieves $2.1 Billion Valuation

Moove, a mobility company founded six years ago, has secured $250 million in Series C funding, reaching a valuation of $2.1 billion. The funding round was led by Abu Dhabi's Mubadala Investment Company, with participation from Woven Capital and Ion Pacific, among others. Moove aims to redefine the autonomous vehicle race by focusing on infrastructure rather than vehicle production or algorithm development. The company, which began in Lagos, Nigeria, initially provided financing services for ride-hailing drivers. Now, it operates one of the largest ride-hailing fleets globally, with approximately 42,000 vehicles across 29 cities in 13 countries, generating an annual recurring revenue of $420 million. The new funding will primarily support the development of 'Nests,' a robotic infrastructure for autonomous fleets, enabling continuous operations through charging, maintenance, and scheduling. Moove plans to expand its autonomous business team from around 150 to 500 employees by the end of the year, a growth of over 220%. As it partners with Waymo and operates in Phoenix and Miami, Moove is positioning itself as a critical player in the commercialization of autonomous driving, focusing on the necessary infrastructure that supports large-scale deployment.

leaderobot.com By Leaderobot Aug 06, 2026 Autonomous Driving Mobility Infrastructure Fleet Management Electric Vehicles

Moove Secures $250M to Expand Its Role in the Robotaxi Sector

Moove has successfully raised $250 million at a valuation of $2.1 billion to enhance its operations in the robotaxi industry. Founded in 2020 in Nigeria and now based in Dubai, the company aims to leverage its experience in vehicle financing and human-driven ride-hailing to manage autonomous vehicle operations. The funding round, led by Mubadala Investment Company with participation from Woven Capital and Ion Pacific, will support Moove's plans to scale its autonomous vehicle fleet management business. The company currently operates a fleet of 42,000 vehicles across 14 countries and employs 3,300 people globally, while also providing financing to gig drivers. Looking ahead, Moove has partnered with Waymo to operate its fleet in multiple cities, including Phoenix and Miami. The company intends to purchase robotaxis using debt financing and is developing automated depots, referred to as “nests,” to streamline vehicle maintenance and servicing. No further timeline was disclosed at the time of publication.

TechCrunch By Kirsten Korosec Aug 05, 2026 Transportation Venture Moove

Moove Secures $250 Million to Develop Infrastructure for Autonomous Vehicle Ecosystems

Moove has successfully raised $250 million in Series C funding, elevating its valuation to $2.1 billion. This capital will facilitate the expansion of its autonomous vehicle business, focusing on autonomous fleet ownership and the development of robotics-first depot infrastructure known as 'Nests.' These Nests will serve as operational hubs for charging, servicing, and maintaining autonomous fleets. The significance of this funding lies in Moove's vision of autonomous mobility as a critical component of future urban ecosystems. Co-founder Ladi Delano emphasized that the success of autonomous technology hinges on the establishment of robust infrastructure, including fleet management and operational systems. Moove aims to grow its workforce by over 220% by year-end, reflecting its commitment to scaling operations globally. Looking ahead, Moove's strategic partnerships and infrastructure development will be pivotal in shaping the future of autonomous transportation. The company is already operational in cities like Phoenix and Miami, with plans for expansion into London. No further timeline was disclosed at the time of publication.