Moove Secures $250M Series C at $2.1B Valuation for Robotaxi Fleet Expansion
Major investment to scale autonomous vehicle infrastructure globally
1Major Funding Round
Dubai-based mobility company Moove, which finances and operates vehicle fleets for ride-hail platforms, announced a $250M Series C on August 5, 2026, reaching a $2.1B valuation. Abu Dhabi's Mubadala led the round with participation from Toyota's Woven Capital and Ion Pacific. Existing investors including Uber and BlackRock also joined. The funding will support Moove's autonomous vehicle infrastructure expansion.
2Investor Strategy
Mubadala's executive Ali Eid AlMheiri emphasized the growing importance of autonomous mobility infrastructure. Moove co-founder Ladi Delano framed the investment as part of the inevitable infrastructure race accompanying tech revolutions. The company is building integrated platforms for fleet charging, maintenance, and 24/7 operations - critical components for scaling driverless vehicles according to industry analysts.
3Operational Model
Moove's business rests on three pillars: fleet financing/ownership, robotics-powered 'Nest' depots, and round-the-clock city operations. Through its Waymo partnership, Moove already operates in Phoenix and Miami, with London confirmed as its first international expansion. The company argues autonomous vehicles actually increase physical infrastructure needs due to continuous operational demands.
4Global Expansion
Moove plans to grow its AV workforce by 220% to 500 employees by end-2026. London will become its first international AV market after US deployments in Phoenix and Miami. The Series C funds will also support new market launches across both human-driven and autonomous fleets. The London expansion serves as the first test of whether Moove's infrastructure model translates beyond US cities.
5Industry Context
Moove operates on the thesis that value in robotaxis lies in physical infrastructure rather than self-driving software. This aligns with industry moves like Nvidia's release of its Alpamayo 2 Super stack for commercial AV development. The company emphasizes that driverless fleets require continuous charging, maintenance and dispatch operations - making infrastructure investments crucial for scalability.
6Historical Growth
Launched in 2020 with 76 vehicles in Lagos, Moove grew through acquisitions (Kovi in Brazil, Tokyo Taxi) to become Uber's largest global fleet partner. Within five years, it achieved $420M in ARR. The Series C extends this proven model into autonomous vehicles, where Moove believes infrastructure needs are even greater due to operational complexities of driverless fleets.
7Legal Process
Moove's chief legal officer Stavros Panayi revealed Greenberg Traurig advised on the cross-border deal through teams in Dubai and Amsterdam. The firm described this as Moove's most significant financing to date. The complex international legal structure reflects Moove's global ambitions, particularly as it prepares for its London launch - the first test of its model outside US markets.
8Sector Impact
Moove's model highlights the infrastructure demands of autonomous vehicles. As driverless fleets scale, charging stations, maintenance centers and operational support systems will become critical differentiators. The London expansion will test whether this infrastructure-heavy approach works internationally. Success could trigger similar investments globally, reshaping how cities prepare for autonomous mobility adoption.