Moove, a global mobility fintech, has raised $250 million in Series C funding at a $2.1 billion valuation as it expands its infrastructure platform for autonomous transportation. The round was led by Mubadala Investment Company and co-led by Woven Capital, Toyota’s growth fund, and Ion Pacific.

The funding will support Moove’s autonomous vehicle operations, expansion into new markets, and development of its robotics-first depot infrastructure. The company also plans to more than triple its autonomous mobility workforce, growing from around 150 employees to approximately 500 by the end of the year.

Building the Financial and Operational Layer for Mobility

Moove is developing infrastructure that goes beyond autonomous vehicle technology. Its platform combines fleet ownership, financing, charging, maintenance, logistics, and operational management to help mobility fleets operate at scale.

Its robotics-first depots, known as “Nests,” are designed to charge, service, maintain, and coordinate autonomous vehicles around the clock.

Through its partnership with Waymo, Moove already operates as a third-party autonomous vehicle fleet manager, with operations live or announced in Phoenix, Miami, and London.

Scaling From Ride-Hailing Infrastructure to Autonomous Fleets

Moove’s autonomous strategy builds on five years of experience financing and operating mobility infrastructure for human-driven vehicles. Since launching in Lagos in 2020, the company has expanded to approximately 42,000 vehicles across 29 cities in 13 countries.

Today, Moove employs around 3,300 people globally and reports $420 million in annual recurring revenue. It has also expanded through acquisitions including Kovi in Brazil and Tokyo Taxi in Japan.

The latest investment gives the mobility fintech additional capital to extend this infrastructure model into autonomous transportation and support international expansion.

Key takeaways for fintech startups

Moove demonstrates how fintech can evolve beyond traditional financial products by becoming embedded directly into physical infrastructure. Key lessons include:

• Financial infrastructure can unlock growth in capital-intensive industries.
  
  
• Combining financing, technology, and operations can create stronger platform businesses.
  
  
• Emerging mobility models create opportunities for fintechs to become part of the underlying infrastructure.

As mobility becomes increasingly technology-driven, fintech companies have an opportunity to provide the financial infrastructure that enables new transportation models to scale. Contact us to explore how Your Fintech Story can support your fintech growth and market strategy.