Moove Raises $250 Million to Expand Autonomous Vehicle Fleet and Infrastructure
Nigeria-based mobility fintech company Moove has closed a $250 million Series C funding round, reaching a valuation of $2.1 billion. The company connects mobility entrepreneurs with vehicle financing solutions while leveraging alternative credit scoring technology.
Founded in 2020 by Ladi Delano and Jide Odunsi, Moove operates across 29 cities in 13 countries with approximately 42,000 vehicles. It generates $420 million in annual recurring revenue (ARR) and employs over 3,300 people.
The funding round was led by Mubadala Investment Company, Woven Capital (Toyota’s growth fund), and Ion Pacific, with participation from BlueCrest Capital Management and Sona Capital. Moove plans to use the investment to:
- Expand its autonomous vehicle business through partnerships like Waymo in Phoenix and Miami
- Build additional robotics-first “Nest” infrastructure for fleet management
- Enter new markets globally
- Grow its workforce by more than 220%, adding approximately 350 employees this year
Moove’s CEO Ladi Delano stated, “We are building the platform that will redefine mobility and enable billions of autonomous journeys worldwide.” The company views infrastructure ownership as a key differentiator in the emerging autonomy landscape.
With over $710 million raised to date, Moove is positioned as a leader in democratizing access to vehicle ownership while pioneering new models for autonomous mobility services.