Moove Secures $250 Million at $2.1 Billion Valuation to Scale Robotaxi Fleet Management

August 6, 2026

Mobility company Moove has raised $250 million in a Series C funding round at a valuation of $2.1 billion to accelerate its autonomous vehicle fleet management business and expand infrastructure support for robotaxis.

What Happened

Founded in Nigeria in 2020 and now based in Dubai, Moove originated as a vehicle financing company serving gig drivers and operating human-driven ride-hailing fleets. The company’s latest funding round was led by Mubadala Investment Company, with Woven Capital and Ion Pacific participating as co-leads. Other investors include BlackRock, Franklin Templeton, Uber, MUFG, BlueCrest Capital Management, Sona Asset Management, Raptor Group, Left Lane, Silverbacks Holdings, Square Associates, The Latest Ventures, Endeavor Catalyst, and the Ontario Power Generation Pension Plan.

According to co-founder and co-CEO Ladi Delano, Moove began exploring autonomous mobility in early 2023. The company recognized that within the autonomous ecosystem—comprising AV developers, vehicle manufacturers, marketplaces, and riders—few entities want to handle vehicle ownership, maintenance, cleaning, charging, and general fleet logistics. Moove is leveraging its experience managing conventional fleets to fill this operational role.

Key Highlights

Capital Raised: $250 million at a $2.1 billion company valuation.
Core Investors: Led by Mubadala Investment Company, with co-leads Woven Capital and Ion Pacific.
Fleet Footprint: Moove currently owns and operates 42,000 human-driven vehicles across 14 countries and employs 3,300 people worldwide.
Autonomous Partnerships: Serves as the fleet operator for Waymo in Phoenix, Miami, and Las Vegas, with plans to expand operations to London.
Infrastructure Development: Developing approximately 15 automated depots known as “nests” designed for round-the-clock robotic charging, servicing, and vehicle maintenance.
Workforce Growth: Plans to hire around 350 employees specifically to scale the autonomous fleet business.

Why This Matters

As autonomous vehicle developers focus on navigation software and technology integration, third-party fleet operators handle the physical demands of running transportation networks. Moove aims to own, operate, and orchestrate robotaxi fleets at scale. While Moove currently operates Waymo’s vehicles without owning them, it plans to utilize debt financing to purchase Waymo robotaxis in the future. The company also already owns autonomous vehicles from another undisclosed developer, aligning with its long-term vision of owning hundreds of thousands of autonomous units.

What to Watch Next

Moove is directing its new capital toward scaling autonomous operations, expanding its team by roughly 350 staff members, and advancing its 15 depot locations. The company also anticipates that its traditional mobility and vehicle financing business will reach full profitability within the current year.

Frequently Asked Questions

What does Moove do?

Moove provides vehicle financing, operates a global fleet of 42,000 human-driven ride-hailing vehicles, and manages fleet operations, servicing, and logistics for autonomous vehicle companies.

Which autonomous vehicle companies does Moove work with?

Moove operates fleets for Waymo in Phoenix, Miami, and Las Vegas, with future expansion planned for London. It also owns vehicles from another undisclosed autonomous vehicle developer.

How will Moove use the $250 million in new funding?

The funds will support the recruitment of approximately 350 personnel, scale autonomous vehicle fleet management, and advance the development of automated service depots called “nests.”

Source: TechCrunch