Moove raises $250M to expand autonomous vehicle infrastructure
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Investment in autonomous vehicle infrastructure is accelerating, potentially transforming future business travel. Companies should monitor the commercialization of autonomous mobility services and their potential impact on ground transportation cost, efficiency, and availability.
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- PhocusWire All NewsMoove Secures $250 Million to Expand AV Infrastructure
Autonomous vehicle mobility specialist Moove has raised $250 million in Series C funding at a valuation of $2.1 billion. The round was led by Mubadala Investment Company and co-led by Woven Capital, Toyota's Growth Fund, and Ion Pacific. The funding will boost Moove's AV expansion, including autonomous fleet ownership and establishing 'Nests' depot infrastructure, as well as expansion into new markets, including AV workforce growth of more than 220% to approximately 500 by the end of 2026.