Moove, the Lagos-born mobility fintech co-founded by Ladi Delano and Jide Odunsi, has raised $250 million in a Series C round led by Mubadala Investment Company and co-led by Woven Capital (Toyota’s growth fund) and Ion Pacific, confirming its long-anticipated unicorn status at a $2.1 billion valuation. New backers BlueCrest Capital Management, Sona Asset Management, and The Raptor Group joined existing investors including BlackRock, MUFG, Franklin Templeton, and Uber. The funding will fuel expansion of Moove’s autonomous vehicle business — including owning autonomous fleets and building “Nests,” robotics-first depot sites where self-driving cars are charged, serviced, and maintained — with plans to grow its AV staff from roughly 150 to about 500 employees by year-end. Moove has grown rapidly since its 2020 founding, now operating around 42,000 vehicles across 29 cities in 13 countries with $420 million in annualized recurring revenue, more than doubling its valuation from a $750 million Series B in under a year. 

Moove Hits $2.1B Valuation with $250M Series C, Confirming Unicorn Status