Nigerian Mobility Startup Moove Raises $250 Million to Bet Big on Robotaxis
Moove raised $250 million in a Series C funding round led by Mubadala Investment Company. The company's valuation has increased to $2.1 billion as it pivots to support the autonomous vehicle industry.
Why Africa’s electric mobility is no longer a venture bet
Startups in the African electric mobility sector have raised over $1.28 billion across 129 deals since 2019. A third of the capital now comes as debt, indicating a shift towards infrastructure financing.
Five Africa Startups To Pay Attention To In 2026
Jumia has focused on its core e-commerce and JumiaPay ecosystem after shutting down non-core food delivery markets. Flutterwave is preparing for a potential NASDAQ listing, having secured new licenses and expanded its remittance services.
Nigeria’s Fintech Sector: 35% of Total Tech Investment in 2024
$2 billion raised by fintech startups in 2024. Nigeria became Africa’s top venture capital destination, attracting $520 million in equity funding, an 11% increase from 2023.
Moove Sets Sights on Becoming Africa’s Next Unicorn with $300 Million Funding Round, Eyeing $2 Billion Valuation
Moove is seeking to raise over $300 million at a valuation exceeding $2 billion. The startup plans to expand its autonomous vehicle business with the new funding.
