Moove has secured $250 million in a Series C funding round, pushing its valuation to $2.1 billion.
The funding round was led by Mubadala Investment Company and co-led by Woven Capital, Toyota’s growth fund, alongside Ion Pacific. New investors including BlueCrest Capital Management, Sona Asset Management and The Raptor Group joined the round, while existing backers such as BlackRock, MUFG, Franklin Templeton, Uber and Endeavor Catalyst also continue to support the company.
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Moove said the fresh capital will be used to expand its autonomous vehicle business, including growing its fleet ownership model and developing robotics-first depot infrastructure known as “Nests.” These facilities are designed to charge, service, maintain and coordinate autonomous fleets for continuous operation. The company also plans to enter new global markets and increase its autonomous vehicle workforce from around 150 employees today to approximately 500 by the end of the year.
Commenting on the milestone, Moove Co-Founder and Co-CEO Ladi Delano said autonomous mobility requires far more than advanced vehicle technology, arguing that large-scale deployment depends on reliable fleet operations, charging infrastructure, maintenance and data systems.
“Every major technology revolution becomes an infrastructure race. AI required compute. Autonomy requires fleets, charging, maintenance, data systems and 24/7 operations in every city—and that is what Moove is building,” Delano said.
Mubadala, which first invested in Moove three years ago, said the latest investment reflects growing confidence in the infrastructure needed to support the next generation of autonomous transportation.
The new funding positions Moove to deepen its presence in the rapidly evolving autonomous mobility sector as cities increasingly look toward self-driving technology to power future transport and logistics networks.
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