{"id":72363,"date":"2026-08-05T15:39:19","date_gmt":"2026-08-05T12:39:19","guid":{"rendered":"https:\/\/entarabi.com\/?p=72363"},"modified":"2026-08-05T15:55:43","modified_gmt":"2026-08-05T12:55:43","slug":"moove-raises-250-million-at-2-1-billio","status":"publish","type":"post","link":"https:\/\/entarabi.com\/en\/2026\/08\/moove-raises-250-million-at-2-1-billio\/","title":{"rendered":"Moove Raises $250 Million at $2.1 Billion Valuation to Accelerate Global Expansion"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\" dir=\"ltr\">Moove has secured $250 million in a Series C funding round, lifting its valuation to $2.1 billion as the mobility startup accelerates its global expansion and scales its infrastructure for autonomous vehicles<\/p>\n\n\n\n<p class=\"wp-block-paragraph\" dir=\"ltr\">The round was led by <a href=\"https:\/\/www.mubadala.com\/ar\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">Mubadala Investment Company<\/a>, with participation from Woven Capital, Toyota&#8217;s growth fund, Ion Pacific, BlueCrest Capital Management, and Sona Capital. Existing investors, including BlackRock, Uber, and Franklin Templeton, also continue to back the company<\/p>\n\n\n\n<p class=\"wp-block-paragraph\" dir=\"ltr\">The fresh capital will be used to expand Moove&#8217;s autonomous vehicle business by building additional Nests dedicated operational hubs for charging, maintaining, and managing autonomous vehicle fleets. The company also plans to enter new markets and grow its autonomous vehicle workforce from around 150 employees to 500 by the end of the year.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\" dir=\"ltr\">Founded in Nigeria in 2020 and now headquartered in Dubai, <a href=\"https:\/\/entarabi.com\/en\/\">Moove<\/a> develops the operational infrastructure that enables autonomous mobility at scale. Its platform covers fleet ownership and management, charging infrastructure, maintenance, logistics, and day-to-day fleet operations<\/p>\n\n\n\n<p class=\"wp-block-paragraph\" dir=\"ltr\">Today, the company manages approximately 42,000 vehicles across 29 cities in 13 countries, employs more than 3,300 people, and generates $420 million in annual recurring revenue (ARR). Moove also operates autonomous vehicle fleets in partnership with Waymo in Phoenix and Miami, with plans to expand to London<\/p>\n\n\n\n<p class=\"wp-block-paragraph\" dir=\"ltr\">Commenting on the funding, Ladi Delano, Co-Founder and Co-CEO of Moove, said the future of autonomous mobility will depend not only on advances in vehicle technology but also on building the infrastructure required to support large-scale deployment, including fleet operations, charging networks, maintenance, and operational systems.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\" dir=\"ltr\">Ali Eid Al Mheiri, Executive Director of Diversified Assets at Mubadala&#8217;s UAE Investments Platform, said the investment aligns with Mubadala&#8217;s strategy of backing scalable technology platforms that strengthen the advanced technology ecosystem and accelerate the future of smart mobility.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The latest funding reflects growing investor confidence in companies developing the infrastructure that will power autonomous vehicles, amid the rapid global adoption of smart mobility technologies<\/p>\n","protected":false},"author":877,"featured_media":72360,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[8850],"tags":[4470,13310,5780],"class_list":["post-72363","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-venture","tag-investment","tag-moove","tag-mubadala"],"acf":[],"_links":{"self":[{"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/posts\/72363","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/users\/877"}],"replies":[{"embeddable":true,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/comments?post=72363"}],"version-history":[{"count":1,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/posts\/72363\/revisions"}],"predecessor-version":[{"id":72364,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/posts\/72363\/revisions\/72364"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/media\/72360"}],"wp:attachment":[{"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/media?parent=72363"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/categories?post=72363"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/tags?post=72363"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}