Silverbacks’ Investment in Moove Tops $37 Million as Mobility Startup Hits $2.1 Billion Valuation
- Silverbacks Holdings' cumulative investment in Moove exceeds $37 million.
- Moove raised $250 million in Series C funding at a $2.1 billion valuation.
- The funding round was led by Mubadala Investment Company and co-led by Woven Capital and Toyota's growth fund.
The significant investment by Silverbacks Holdings in Moove indicates strong confidence in the growth potential of autonomous mobility in Africa. This trend could attract more investors to the region, fostering innovation and infrastructure development in the tech sector.
