UAE-based mobility company Moove has raised $250 million in a Series C funding round led by Mubadala Investment Company, valuing the firm at $2.1 billion. The round was co-led by Toyota's growth fund Woven Capital and Ion Pacific, with participation from BlueCrest Capital Management, Sona Asset Management, The Raptor Group, and existing backers including BlackRock, MUFG, Franklin Templeton, and Uber. Moove plans to use the capital to expand its autonomous vehicle business, including autonomous fleet ownership and its robotics-first depot infrastructure called Nests, and to support new market launches globally. The company expects its autonomous vehicle workforce to grow by more than 220 percent by the end of 2026, from about 150 employees to around 500. Moove currently operates approximately 42,000 vehicles across 29 cities in 13 countries and has reached $420 million in annual recurring revenue.
Moove raised $250M in Series C funding at $2.1B valuation, providing capital for expansion.
BlueCrest Capital ManagementPrivate± Mixed
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Ion PacificPrivate± Mixed
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The Raptor GroupPrivate± Mixed
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