Moove, a company focused on managing autonomous vehicle fleets, has raised $250 million in funding. The investment will be used to scale up the business and eventually own Waymo robotaxis.
The company is expanding its role in the burgeoning robotaxi industry, moving beyond simply managing vehicles to owning them. Moove currently manages a fleet of vehicles for ride-hailing and delivery services but intends to become a key player in deploying and operating autonomous vehicles at scale. The funding will facilitate this transition and support the growth of Waymo’s robotaxi operations.
According to TechCrunch, Moove plans to eventually own Waymo robotaxis. This strategic move positions Moove as more than just a fleet manager; it aims to be an integral part of the infrastructure supporting the future of autonomous transportation. The company did not specify a timeline for this ownership transition.
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