Dubai - Sharikat Mubasher: The global mobility company Moove successfully raised $250 million at a $2.1 billion valuation in a Series C funding round led by Mubadala Investment Company, along with Woven Capital, Toyota’s Growth Fund, and Ion Pacific.
The round saw participation from several investors, including BlueCrest Capital Management, Sona Capital, BlackRock, MUFG, Franklin Templeton, Uber, and others, according to the official statement released yesterday.
The new capital will support Moove’s global market launches and accelerate its plans to expand its 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.
Moove’s expansion strategy also includes growing its autonomous vehicle workforce by more than 220% by the end of the year.
Ali AlMheiri, Executive Director of Diversified Assets for UAE Investments Platform at Mubadala, said: “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.”
For his part, Ladi Delano, Co-Founder, Co-CEO, and Advisory Board Chairman of Moove, said: “From our 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 our mission; it is the fullest expression of it.”
The Series C funding marks a significant milestone in Moove’s ability to scale the infrastructure layer underpinning autonomous mobility globally.
