Moove raises $250M to build infrastructure for autonomous vehicles

Moove, a mobility company, announced a $250 million funding round to build infrastructure for autonomous vehicles, bringing its total valuation to $2.1 billion. The company plans to establish "Nests," which are depot facilities where autonomous fleets will be charged, serviced, maintained, and coordinated for continuous operation. Moove argues that scaling autonomous mobility requires more than vehicle technology alone and depends on access to capital, fleet ownership, charging infrastructure, maintenance systems, and operational coordination. The company currently operates approximately 42,000 human-driven vehicles across multiple cities globally and is applying this operational experience to autonomous vehicle systems.