DUBAI, August 5, 2026 — Moove has raised $250 million in a Series C funding round at a valuation of $2.1 billion, giving the Dubai-headquartered mobility company additional capital to expand its autonomous vehicle business. Mubadala Investment Company led the round, with Woven Capital, Toyota’s growth investment arm, and Ion Pacific as co-leads. The financing comes as Moove expands beyond its established vehicle-financing and human-driven ride-hailing operations into the infrastructure required to operate autonomous fleets.

Founded in Nigeria in 2020, Moove continues to operate a large human-driven mobility business. The company owns and operates a 42,000-vehicle ride-hailing fleet across 14 countries and employs about 3,300 people globally. It also provides vehicle financing to gig drivers. Co-founder and co-CEO Ladi Delano has described that experience as a foundation for Moove’s move into autonomous vehicles, where managing the physical fleet is as important as the technology controlling the vehicle.

Moove Identifies a Fleet Operations Role

Moove began evaluating autonomous vehicles in early 2023 by examining the emerging ecosystem and the roles of autonomous vehicle developers, vehicle manufacturers, mobility marketplaces and consumers. Delano said the company saw an operational gap around ownership and management of the vehicles themselves. Autonomous driving technology can enable a vehicle to operate without a driver, but the fleet still requires financing, charging, maintenance, cleaning, servicing and other physical operations.

That led Moove to pursue a business in which it would own, operate and manage autonomous vehicles while partnering with companies that provide the autonomous driving technology. The company began discussions with autonomous vehicle developers in 2023 and formed its first partnership with Waymo. Moove now operates Waymo’s fleet in Phoenix, Miami and Las Vegas, with London planned for the future. Moove does not currently own the Waymo vehicles it operates, but it intends to acquire robotaxis through debt financing. Delano did not provide a timeline for those purchases. Moove also owns robotaxi vehicles from another autonomous vehicle developer, although it has not disclosed the company involved.

Plans for Larger Fleets and Automated Depots

Moove’s long-term plan is to become a major owner and operator of autonomous vehicles. Delano said the company ultimately wants to own hundreds of thousands of vehicles. The latest funding will be used to expand its autonomous vehicle fleet management business and increase its workforce, including plans to hire about 350 people. Delano also said Moove’s traditional mobility business is expected to reach full profitability this year.

Another portion of the financing will go toward automated depots that Moove calls “nests.” These facilities are being designed to operate around the clock and use robotics for vehicle charging, maintenance and servicing. Moove has about 15 depots at different stages of development, although Delano has not provided a timeline for the launch of the automated, or “lights-out,” facilities. The company describes the automated depots as a future product rather than an existing operational system.

Image credit: Moove

Building the Infrastructure Behind Robotaxis

Moove’s autonomous vehicle strategy is distinct from the development of autonomous driving technology itself. The company is seeking to provide the physical and operational infrastructure required once autonomous vehicles enter commercial service. That includes fleet ownership, vehicle operations, financing, maintenance and depot management.

The strategy draws on Moove’s experience in vehicle financing, fleet management and maintenance. Managing 42,000 vehicles across 14 countries has given the company operational experience that it can apply to autonomous fleets. Through its partnership with Waymo, Moove operates autonomous vehicle fleets in multiple U.S. markets, while planned vehicle purchases would allow the company to own the vehicles it currently operates for partners.

The Series C also brings a broad group of financial and strategic investors into Moove’s latest funding round. Participants include BlueCrest Capital Management, Sona Asset Management, Raptor Group, BlackRock, MUFG, Franklin Templeton, Uber, Left Lane, Silverbacks Holdings, Square Associates, The Latest Ventures, Endeavor Catalyst and the Ontario Power Generation Pension Plan.

For Moove, the financing marks a significant allocation of capital toward autonomous mobility while its original businesses remain active. The company is moving from financing vehicles for drivers and managing human-driven fleets toward a structure in which it intends to finance, operate and eventually own autonomous fleets at a much larger scale. Its planned “nests” add another layer to that strategy by targeting the charging, servicing and maintenance functions required to keep robotaxis operating without conventional depot workflows.