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Moove raises $250 million in a Series C funding round led by Mubadala Investment Company to expand global infrastructure for autonomous mobility.

PRIVATEAug 05, 20264 days ago

Amount Raised

$250 Million

Round Type

Series C

LagosOtherFinancial ServicesMedia And EntertainmentTransportation

Investors

Ion PacificWoven CapitalMubadala Investment Company

Description

Moove, a global mobility company building the operational infrastructure for autonomous mobility, has raised $250 million in a Series C funding round. The round was led by Mubadala Investment Company, with Woven Capital and Ion Pacific as co-lead investors. The funding will help expand Moove's infrastructure capabilities. This financing highlights growing investor confidence in autonomous technologies.

Company Information

Company

Moove

Location

Lagos, Lagos State, Nigeria

About

Moove is an African mobility fintech that is democratizing vehicle ownership by providing revenue-based vehicle financing to mobility entrepreneurs across Africa, where limited access to vehicle financing has resulted in the lowest per capita car ownership in the world. The company is Uber’s exclusive vehicle financing and vehicle supply partner in sub-Saharan Africa. For more information, visit https://moove.africa/ or contact press@moove.africa.

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