- Moove, founded by Ladi Delano and Jide Odunsi in 2020, has reached a $2.1 billion valuation after raising $250 million in a Series C round, making it Africa’s latest tech unicorn. - The funding round was led by Mubadala Investment Company and included major investors such as Toyota's Woven Capital, Ion Pacific, BlackRock, and Uber. - Moove plans to use the capital to expand its autonomous vehicle division, acquire autonomous fleets, build robotics-focused depot facilities, and increase its workforce to 500 staff. - Originally solving vehicle financing for African ride-hailing drivers, Moove uses a revenue-based repayment model and has since grown rapidly across multiple continents. Last year, reports indicated that Moove, a vehicle financing startup that serves Nigerian drivers, led by British-Nigerian entrepreneur Ladi Delano, was gunning for the seemingly elusive unicorn status. DON’T MISS THIS: One of Africa’s largest fintechs is leveling the business playing field between men and women in Nigeria After raising $250 million in a Series C round, augmenting the company’s valuation to $2.1 billion, Moove has cemented itself as Africa’s latest unicorn. As seen on Condia, the funding was led by Mubadala Investment Company, alongside Woven Capital, Toyota's growth fund, and Ion Pacific. Together with existing investors including BlackRock, MUFG, Franklin Templeton, and Uber, new participation was secured from BlueCrest Capital Management, Sona Asset Management, and The Raptor Group. The allocated capital will be utilized to expand Moove's autonomous vehicle division. This move involves the acquisition of autonomous fleets and the establishment of "Nests," which are robotics-centric depot facilities dedicated to the charging, maintenance, and repair of self-driving vehicles. Concurrently, Moove intends to expand its autonomous vehicle workforce by approximately 220%, increasing the headcount from roughly 150 to 500 personnel by the end of the year. Moove’s ascent to unicorn status In 2020, Nigerian