Autonomous-fleet operator Moove has closed a $250 million Series C at a $2.1 billion valuation, capital earmarked for expanding its "Nests" — robotics-first depot infrastructure that will charge, service, maintain and orchestrate driverless fleets in every city where Moove operates.
Toyota, Mubadala and Uber back the infrastructure thesis
Mubadala Investment Company, Woven Capital, Toyota's Growth Fund, and Ion Pacific led the round, joined by BlueCrest Capital Management, Sona Asset Management, The 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.
From Lagos ride-hail to global AV plumbing
Founded in 2020, Moove employs 3,300 people and operates roughly 42,000 vehicles across 29 cities in 13 countries, having grown through organic expansion plus acquisitions of Kovi in Brazil and Tokyo Taxi in Japan. It is already a third-party autonomous fleet operator for Waymo in Phoenix and Miami, with London operations planned.
220% AV headcount growth ahead
"Every major technology revolution becomes an infrastructure race," said co-founder and co-CEO Ladi Delano. "The internet required data centers. AI required compute. Autonomy requires fleets, charging, maintenance, data systems and 24/7 operations in every city." Moove expects to grow its AV workforce from about 150 to 500 by year-end.
The wager on physical AV infrastructure sits alongside a broader mobility funding wave — including Zoox's production-ready robotaxi, PlusAI's H1 2026 milestones, and Waymo's ongoing city rollouts.
Reporting based on coverage from The Robot Report and Moove.