Key facts
- Moove raised $250 million in Series C funding.
- Moove achieved a $2.1 billion valuation.
- Moove will use the funds to scale its autonomous vehicle fleet management business.
- Moove plans to hire staff and develop automated depots.
- Uber and Wayve received minicab licenses for self-driving taxis in London.
- Self-driving taxi services with safety drivers will launch in London this summer.
- Transport for London granted 15 licenses for vehicles using Wayve's AI software.
- Amazon's Zoox will launch paid robotaxi rides in Las Vegas.
- Zoox's service begins on August 10.
- Zoox received regulatory approval from the NHTSA.
- Zoox expects fares to be comparable to 'comfort' tier ride-hailing services.
The autonomous vehicle industry is accelerating with new funding, regulatory approvals, and service launches across multiple cities. Moove, a company with Nigerian roots and headquartered in Dubai, has successfully raised $250 million in Series C funding, achieving a valuation of $2.1 billion. This capital infusion is earmarked for expanding its fleet management services for autonomous vehicles, which includes hiring personnel and establishing automated depots.
In London, the landscape for self-driving taxis is set to change this summer. Uber, in partnership with AI developer Wayve, has obtained minicab licenses to operate autonomous vehicles on city streets. These services will commence with safety drivers in place. Transport for London has issued 15 licenses specifically for vehicles integrated with Wayve's AI driving software, paving the way for broader adoption.
Simultaneously, Amazon's autonomous vehicle subsidiary, Zoox, is preparing to launch paid robotaxi services in Las Vegas. This move follows regulatory clearance from the National Highway Traffic Safety Administration (NHTSA). The service is scheduled to begin charging passengers for rides starting August 10. Zoox anticipates that its pricing will be competitive, aligning with the rates of 'comfort' tier ride-hailing options currently available in the market.