AEUAE-based mobility company Moove has secured a $250 million funding round led by Mubadala Investment Company, valuing the firm at $2.1 billion. This Series C round also involved participation from Woven Capital (linked to Toyota), Ion Pacific, and other major investors such as BlackRock and Uber Technologies. The funding aims to accelerate Moove's expansion into new markets, grow its workforce significantly, and enhance its autonomous vehicle division, which includes a robotics-focused depot system known as 'Nests.' Founded in Nigeria in 2019, Moove has since expanded globally, partnering with Uber and acquiring companies like Kovi in Brazil and Tokyo Taxi in Japan. The UAE government has actively supported the development of autonomous mobility, with both Abu Dhabi and Dubai already deploying self-driving vehicles.
Bias read (Center): The article provides factual information about a private company's funding and expansion plans, mentioning government-backed initiatives in the UAE but does not present any overtly biased language, one-sided sourcing, or ideological framing. The focus is on corporate developments rather than direct,
