CargoX Raises $250M to Scale Autonomous Delivery Across the UAE
CargoX, a UAE-based autonomous delivery platform, has raised $250 million in a funding round led by Abu Dhabi-based asset manager BlueFive Capital. The round represents one of the largest investments in autonomous logistics in the Middle East and signals growing confidence in driverless delivery infrastructure.
The company operates autonomous vehicles across last-mile, middle-mile, and long-haul logistics routes in the UAE. The new funding will support expansion from Abu Dhabi and Dubai into global markets, scaling the commercial deployment of driverless delivery vehicles beyond limited trials.
Alongside the funding, CargoX appointed Tomaso Rodriguez as CEO — the executive who previously led Talabat, the regional food delivery giant, through its growth phase and $2 billion IPO in 2024. His appointment brings significant operational expertise in regional logistics and scaling consumer-facing delivery platforms.
The investment highlights the UAE's growing role as a testing ground for autonomous vehicle technology, supported by favorable regulation and infrastructure investment. It also reflects broader investor appetite for logistics automation in the Gulf, where labor costs, extreme weather, and rapid urbanization create strong demand for autonomous delivery solutions.
CargoX's $250M round shows that Gulf investors are moving beyond fintech into deep-tech logistics. The appointment of an ex-Talabat CEO signals serious commercial intent — this isn't a research project, it's a scaling play.
Who leads CargoX's funding round?
The $250 million round was led by BlueFive Capital, an Abu Dhabi-based alternative investment firm.