Mubadala Leads $250M Funding for Move

Moev, a company specializing in the construction and development of infrastructure for autonomous vehicle transportation, announced the closing of a $250 million funding round in a Series C investment. This funding round raised the company's valuation to $2.1 billion. The round was led by Mubadala Investment Company, with participation from global investors such as Woven Capital and Aion Pacific, in addition to new investors entering the fold. The funds will support the company's growth, expand vehicle fleets, and strengthen infrastructure, including the development of robotic warehouses and further international expansion. The company expects its workforce to increase by over 220%, exceeding 500 employees by the end of 2026. Currently, Moev manages more than 42,000 vehicles across 29 cities in 13 countries, making it one of the largest autonomous passenger transport companies in terms of size and revenue, which reaches $420 million annually.

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