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Moove Raises $250 Million to Expand Autonomous Vehicle Fleet Operations
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News – DMR News
Moove has raised $250 million in Series C funding at a $2.1 billion valuation as it expands from vehicle financing and ride-hailing into autonomous vehicle fleet operations.
Moove Builds on Fleet Management ExperienceFounded in Nigeria in 2020 and now headquartered in Dubai, Moove began by financing vehicles for gig-economy drivers.
Waymo Partnership Expands Across CitiesMoove currently supports Waymo operations in Phoenix, Miami and Las Vegas, with London also planned.
Automated Depots Are Part of the PlanPart of the new funding will go toward specialised autonomous vehicle depots that Moove calls “nests.”
The company is now positioning autonomous fleet management as its next major source of growth as robotaxi services expand into more cities.