Moove Raises USD 250 M At USD 2.1 B Valuation To Expand Autonomous Vehicle Business

Moove has raised USD 250 M in a funding round led by Mubadala, valuing the Dubai-based mobility fintech at USD 2.1 B. Co-led by Woven Capital and Ion Pacific, the round also attracted BlueCrest Capital Management, Sona Asset Management, and Raptor Group.

Founded in 2020 by Ladi Delano and Jide Odunsi, Moove began in Nigeria by providing vehicle financing to ride-hailing drivers before expanding to the UAE, India, the US, and the UK.

The new funding will support its expansion into autonomous vehicle fleet management, including building service hubs for self-driving cars, growing its partnership with Waymo, and expanding across the US, Europe, and Asia. The company also plans to increase its autonomous vehicle workforce to around 500 employees.