UAE-based autonomous logistics startup CargoX has raised $250 million from an investor group led by BlueFive Capital.
The company is led by Tomaso Rodriguez, the former CEO of Talabat, who oversaw the company's growth and its $2 billion IPO in 2024.
CargoX operates driverless delivery vehicles across last-mile, middle-mile, and long-haul logistics routes.
The funding will support the expansion of its autonomous logistics network, vehicle technology development, operational infrastructure, and international growth.
Press release:
