UAE-based mobility company Moove has secured $250 million in Series C funding, giving the company a valuation of $2.1 billion. The financing marks a major capital raise for the mobility-focused firm.
Mubadala Investment Company led the round, while Woven Capital, Toyota’s growth fund, and Ion Pacific were named as co-leads. The participation brings together investors from the sovereign investment and automotive sectors.
The funding highlights continued investor interest in mobility businesses and technology-led transport services. Moove’s new valuation places it among the better-capitalized companies in the sector as it moves forward from the latest financing round.
