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yesterday

Moove Raises $250M at $2.1B to Build Robotics-First Depots for Robotaxis

The funding signals a strategic shift toward owning and operating depot infrastructure that the company says will let autonomous fleets scale across new cities.

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Moove has now raised about $694 million across 17 funding rounds, according to data from industry tracker Crunchbase. Photo: Moove

Overview

  • Moove closed a $250 million Series C led by Mubadala with co-leads Woven Capital and Ion Pacific on Wednesday, valuing the company at $2.1 billion.
  • The round includes institutional and strategic backers such as BlackRock, MUFG, Franklin Templeton, Uber, BlueCrest and Sona Capital.
  • Moove will use the proceeds to buy and operate autonomous fleets and to build robotics‑first depot sites called "Nests" where vehicles are charged, serviced and orchestrated.
  • The company plans a major hiring push for its autonomy unit, targeting roughly 500 AV staff by year‑end and a broader threefold workforce expansion to support new market launches.
  • Moove currently manages about 42,000 conventionally driven vehicles and serves as a third‑party AV fleet operator with Waymo in Phoenix and Miami, with London operations planned, and investors say control of infrastructure will determine leaders as autonomy scales.