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CargoX UAE secures $250M for vehicle delivery
The Emirati company CargoX, specialized in delivery services using autonomous vehicles, announced the closure of a funding round worth $250 million led by BlueFive Capital. The funding aims to expand the company's network within the UAE and support its global expansion, as well as to develop autonomous vehicle technologies and improve infrastructure. Toscano Rodriguez has been appointed CEO of the company; he previously led the initial public offering of the Talabat platform.
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