Moove, the Nigeria-born, Dubai-headquartered mobility fintech that already operates Waymo's robotaxi fleets in three US cities, has closed a $250 million Series C led by Mubadala Investment Company at a $2.1 billion post-money valuation, cementing a shift from human-driven ride-hailing to autonomous fleet ownership.
Who's in the round
Woven Capital and Ion Pacific co-led alongside Mubadala. Additional participants include BlueCrest Capital Management, Sona Asset Management, Raptor Group, BlackRock, MUFG, Franklin Templeton, Left Lane, Silverbacks Holdings and Endeavor Catalyst. Uber, which sold its stake in Careem earlier this year, is also on the cap table as a strategic investor.
Own the metal, run the depots
CEO Ladi Delano told TechCrunch that Moove intends to use debt financing to eventually buy the Waymo robotaxis it currently manages in Phoenix, Miami and Las Vegas, with London next. About 15 automated "nest" depots are in development to handle 24/7 charging, cleaning, servicing and lost-property recovery for robotaxi fleets. The company employs 3,300 people and runs a 42,000-vehicle ride-hailing fleet across 14 countries.
Why it matters
Moove is positioning itself as the missing layer between AV developers, OEMs and marketplaces - a role no one else in the stack wants to own. The Series C follows an equally aggressive week for robotaxi capital that saw Hadrian close a $1.37B Series D and Zoox flip its Las Vegas meter.
Reporting based on coverage from TechCrunch, Bloomberg and Moove.