Robotaxis need garages: Moove raises 250 million dollars to build robot depots for autonomous fleets

Moove announced on 5 August 2026 that it has raised 250 million dollars in a Series C round at a valuation of 2.1 billion dollars. Mubadala Investment Company led the round, co-led by Woven Capital — Toyota's growth fund — and Ion Pacific. The investor list also includes BlackRock, MUFG, Franklin Templeton, BlueCrest, Sona Capital, Left Lane, Square Associates, The Latest Ventures, the Ontario Power Generation Pension Plan and Uber, whose largest global fleet partner Moove is. The money is not going into vehicles or into self-driving software. It is going into what Moove calls Nests: robotics-first depots where autonomous fleets are charged, serviced, maintained and dispatched so they can keep running around the clock. Autonomous operations are already live in Phoenix and Miami, and London is named as the first international expansion. Moove runs a fleet of roughly 42,000 vehicles with about 3,300 employees and reports 420 million dollars of annualised recurring revenue; the autonomous unit alone is set to grow from about 150 to about 500 people by the end of 2026. That is the part worth noticing. Public attention in autonomous driving goes to the driving — to the models, the disengagement rates, the permits. A driverless fleet still has to be cleaned, charged, repaired and put back on the road, and with no driver on board nobody does any of it incidentally. Co-chief executive Ladi Delano puts it plainly: "Every major technology revolution becomes an infrastructure race... Autonomy requires fleets, charging, maintenance, data systems and 24/7 operations in every city." On that reading a robotaxi city is not won by whoever has the best driving model, but by whoever can service several thousand vehicles a night.