LVIn short
Mubadala Investment Company led a $250 million Series C round for Moove, valuing the company at $2.1 billion. Moove, Uber's largest global fleet partner and a Waymo partner on autonomous driving, moved its global headquarters from Amsterdam to Dubai in 2024 and plans to more than triple its autonomous vehicle team by year end.
Mubadala Investment Company, Abu Dhabi's sovereign wealth fund, led a $250 million Series C round for Moove, the mobility company that finances vehicle fleets for drivers and logistics operators across several continents. The round values the company at $2.1 billion and includes co-investors Woven Capital, Toyota's growth fund, and Ion Pacific, alongside BlueCrest Capital Management and Sona Capital.
The detail that matters most for Dubai is the base: Moove moved its global headquarters from Amsterdam to Dubai in 2024, after Mubadala joined as a shareholder, and today operates from an office on Sheikh Zayed Road. The new round does not relocate the base, it reinforces it: the company plans to grow its autonomous vehicle team from roughly 150 to 500 people by year end.
Who Moove Is, and Why It Matters for Dubai
Moove is Uber's largest global fleet partner and works with Waymo to build out autonomous vehicle infrastructure, including the so-called 'Nests', robotics-first depots where autonomous fleets are charged, serviced and orchestrated. Founded to finance vehicles for mobility entrepreneurs in Africa and now active across several continents, its investor base also includes BlackRock, MUFG, Franklin Templeton and Uber itself.
Global Capital Choosing Dubai as a Base
- $250 million raised in the Series C round
- $2.1 billion post-money valuation
- Autonomous vehicle team growing from roughly 150 to 500 people by year end
- Global headquarters in Dubai since 2024
- Led by Mubadala Investment Company (Abu Dhabi)
It is a pattern seen more and more often in Dubai: top-tier global capital, an Abu Dhabi sovereign fund at the front, and a fast-growing tech company choosing the city as its operating base instead of staying in Europe. Every round of this kind brings skilled hiring, office space and housing demand for new arrivals, another piece in Dubai and Abu Dhabi's push to diversify their economies toward technology and advanced mobility.
Original source
Article based on Mubadala leads $250 million funding round for Moove to expand autonomous mobility — Mubadala Investment Company · 5 Aug 2026. Reading, analysis and commentary are original.
Frequently asked
How much did Moove raise in the Mubadala-led round?
$250 million in a Series C round that values the company at $2.1 billion, according to the official Mubadala and Moove announcement.
Where is Moove based?
Moove moved its global headquarters from Amsterdam to Dubai in 2024, after Mubadala joined as an investor; it now operates from Sheikh Zayed Road.
What does Moove do?
It is Uber's largest global fleet partner and works with Waymo on autonomous driving, alongside financing vehicles for mobility entrepreneurs across several continents.
Why does this round matter for the Dubai market?
It confirms that top-tier global capital, alongside sovereign funds like Mubadala, keeps choosing Dubai as an operating base for fast-growing tech companies, a signal that adds to office and housing demand from new hires.
Luca Vallelonga
Italian real estate consultant in Dubai since 2021 · Senior Real Estate Advisor, Gabetti Middle East · BRN 85642
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