Moove, the Nigerian-founded mobility fintech, has raised $250 million in a Series C funding round, pushing its valuation to $2.1 billion as the company increase its expansion into autonomous vehicle infrastructure.
The funding round was led by Mubadala Investment Company and co-led by Woven Capital, Toyota’s growth fund, and Ion Pacific.
The latest investment will be used to scale Moove’s autonomous mobility business, including expanding its autonomous vehicle fleet, building robotics-enabled charging and maintenance depots known as “Nests,” and entering new international markets.
New investors including BlueCrest Capital Management, Sona Asset Management and The Raptor Group also participated, alongside existing backers such as BlackRock, Uber, MUFG, Franklin Templeton and Left Lane Capital.
Founded in 2020 by Nigerian entrepreneurs Ladi Delano and Jide Odunsi, Moove began by providing vehicle financing to ride-hailing drivers in Lagos.
Since then, it has evolved into a global mobility infrastructure company operating approximately 42,000 vehicles across
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