Moove Secures $250 Mn Series C to Accelerate Autonomous Mobility

The funding round was led by Mubadala Investment Company and co-led by Woven Capital, Toyota's growth fund, and Ion Pacific.

The round also attracted new investors, including BlueCrest Capital Management, Sona Asset Management, and The Raptor Group.

Moove continues to receive support from existing investors such as BlackRock, MUFG, Franklin Templeton, Uber, Left Lane, Silverbacks Holdings, Square Associates, The Latest Ventures, and the Ontario Power Generation Pension Plan. The new funding will help the company expand and support its next stage of growth.

Ladi Delano, Co-Founder, Co-CEO and Advisory Board Chairman of Moove, said: “Every major technology revolution becomes an infrastructure race. The internet required data centres. AI required compute. Autonomy requires fleets, charging, maintenance, data systems and 24/7 operations in every city - and that is what Moove is building. In our view, as autonomy scales, infrastructure ownership and operations will define the category leaders. We are building to be one of them.

We started in Lagos with a simple insight: mobility demand is abundant, but supply cannot scale unless capital, technology and operations move together. Five years later, that insight has evolved into a global platform. Today, we are focused on building the platform that will redefine mobility and enable billions of autonomous journeys worldwide.

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.”

Ali Eid AlMheiri, Executive Director of Diversified Assets, UAE Investments Platform at Mubadala, said: “As autonomous mobility moves from innovation to scaled deployment, the infrastructure supporting it becomes increasingly important. Moove is building an integrated operating platform that combines fleet ownership, operational capability, and technology to support the next phase of growth in autonomous mobility. This is particularly important for the UAE. 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.”

Moove is a global mobility company based in the UAE. Founded in 2020 by Ladi Delano and Jide Odunsi, the company provides vehicles and mobility solutions for both human-driven and autonomous transportation.

Today, Moove operates in 13 countries and 29 cities, with around 42,000 vehicles and more than 3,300 employees worldwide. Within just five years, the company grew to $420 million in annual recurring revenue (ARR), showing its rapid global expansion.

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