Black-owned autonomous mobility startup Moove has raised a $250 million Series C funding round led by Mubadala Investment Company and co-led by Woven Capital, Toyota’s Growth Fund, and Ion Pacific. The new capital will allow the company to expand Moove’s autonomous fleet ownership and a first-of-its-kind robotic depot infrastructure, which it calls Nests. “Every major technology revolution becomes an infrastructure race. The internet required data centres. AI required compute,” Ladi Delano, Co-Founder, Co-CEO and Advisory Board Chairman of Moove said in a press release. “Autonomy requires fleets, charging, maintenance, data systems
Nigerian mobility financing company MAX has raised $24 million in a mix of equity and debt after reaching profitability in Nigeria, its largest market, multiple reports confirm. The funding signals renewed investor interest in electric mobility across Africa, where rising fuel prices and falling battery costs are making electric two- and three-wheelers increasingly attractive for commercial drivers. The round includes equity from Equitane DMCC, Novastar, Endeavor Catalyst, and other global investors, alongside asset-backed debt from the Energy Entrepreneurs Growth Fund and development finance institutions. Profitability Brings Investors Back Founded in 2015 as Metro
