MUBADALA, WOVEN CAPITAL, ION PACIFIC & BLUECREST CAPITAL MANAGEMENT invest in MOOVE

Moove raised a Series C round led by Mubadala Investment Company, co-led by Woven Capital, Toyota’s growth fund, and Ion Pacific, with BlueCrest Capital Management and Sona Capital also taking part, announced on 5 August 2026. The round valued the company at $2.1 billion and added to a shareholder base that already included BlackRock, MUFG, Franklin Templeton and Uber. Mubadala had invested several years earlier, and Ion Pacific had backed the company for more than five years. The proceeds were earmarked for the company’s autonomous vehicle business: buying the fleets themselves, and building the depots where those vehicles are charged, serviced, maintained and dispatched, which Moove operates with a high degree of automation. It also planned to enter new markets, and expected to take its autonomous vehicle workforce from around 150 to about 500 people by the end of the year. The business extends into autonomous fleets the model Moove had built over five years for ride-hailing drivers, financing and managing vehicles on behalf of platforms rather than selling them. Through its partnership with Waymo it operated as a third-party fleet manager in Phoenix and Miami, with London planned as its first market outside the United States. For Mubadala, the investment fitted a strategy of backing infrastructure platforms that support the diversification of the Emirati economy and the country’s position in advanced technologies.