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Moove Hits Unicorn Status with $250m Series C Funding

Nigerian-born mobility firm, Moove, has achieved unicorn status following a $250 million Series C funding round, pushing its valuation to $2.1 billion. The round was led by Mubadala Investment Company, with participation from Woven Capital and Ion Pacific. Founded in 2020 by Ladi Delano and Jide Odunsi, the company now operates approximately 42,000 vehicles across 13 countries and reported $420 million in annual recurring revenue. The new capital will support its expansion into autonomous vehicle infrastructure and the development of robotics-focused service depots.

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