Moff, backed by Mubadala, raises $250M
The article discusses the global company "Moev," which specializes in the infrastructure for autonomous mobility vehicles. The company has raised $250 million in a Series C funding round led by Mubadala Investment Company, valuing it at $2.1 billion. The funding aims to expand the company's operations, including vehicle fleet ownership, developing warehouse infrastructure powered by robotics, and launching new markets worldwide. It is expected that Moev, currently operating with 150 employees, will grow to around 500 employees by the end of 2026, representing an employment increase of over 220% in the sector. The company focuses on meeting the essential infrastructure needs for autonomous transportation adoption and is considered a vital supporter of the UAE's position and its role in expanding modern infrastructure within this industry.
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