MiDALE funds $250M for Movo autonomous mobility
Moev, the company specializing in building and developing infrastructure for autonomous transportation, announced a funding raise of 250 million dollars, with a valuation of 2.1 billion dollars, in a Series C round led by Mubadala Investment Company. This funding aims to expand the company's global operations, including managing autonomous vehicle fleets and robotic warehouse technologies, with expectations to increase the workforce by over 220% to approximately 500 employees by the end of 2026. The company emphasizes that infrastructure is a key factor for the success of autonomous mobility, as it strives to achieve leadership in this growing sector.
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