Moove Secures US$250 Million Series C Funding Led by Mubadala Investment Company

Moove, a global mobility company focused on building the operating layer for autonomous mobility, has successfully closed a US$250 million Series C funding round. The financing round was spearheaded by Mubadala Investment Company and co-led by Woven Capital, Toyota's Growth Fund, and Ion Pacific, resulting in a valuation of Moove at US$2.1 billion. Additionally, the funding involved contributions from BlueCrest Capital Management, Sona Capital, and The Raptor Group, as well as existing investors such as BlackRock, MUFG, Franklin Templeton, Uber, Left Lane, Square Associates, The Latest Ventures, and the Ontario Power Generation Pension Plan. \

This funding marks a significant milestone in Moove's growth, enhancing its position as a leading global infrastructure platform for autonomous mobility. The funds will be utilized to support the expansion of Moove's autonomous vehicle business, including autonomous fleet ownership and robotics-first depot infrastructure, as well as to fuel future growth initiatives and new global market launches. Moove operates across 13 countries and 29 cities, with a fleet of approximately 42,000 vehicles and over 3,300 employees worldwide. The transaction was facilitated by a cross-border team from global law firm Greenberg Traurig, led by Head of the UAE Corporate Practice Shareholder Chadi Salloum and Corporate Shareholder Krishen Patel from the Dubai office, and Corporate Shareholder Cees v. Oevelen from Greenberg Traurig's Amsterdam office, supported by other team members.

Greenberg Traurig has been steadily expanding in the Middle East, focusing on industries and business sectors most active in the region, including real estate, infrastructure and transportation, energy and natural resources, hospitality, finance and restructuring, mergers and acquisitions, private equity, private credit, sports and entertainment, capital markets, and arbitrations and disputes. The global law firm, Greenberg Traurig, has a wide-reaching presence with approximately 3,000 attorneys across 51 locations globally, enabling the delivery of strategic legal services across borders and industries.