Abu Dhabi - Sharikat Mubasher: CargoX, an autonomous delivery platform based in the UAE, successfully secured $250 million from an investor group led by BlueFive Capital.
The new capital will help CargoX expand its autonomous logistics network across the UAE and international markets and continue investing in vehicle technology, operations infrastructure, and strategic partnerships, the company revealed in a press release today.
Along with the investment, CargoX announced the appointment of Tomaso Rodriguez as its new CEO. As the former CEO of Talabat, Rodriguez grew the company more than ninefold, making it the largest food delivery service in the Middle East, and led the company through a $2 billion IPO in 2024.
Commenting on the investment, Rodriguez said: “The Middle East is ready for a step-change in logistics efficiency, and autonomous delivery is no longer a future concept, it is happening today. With $250 million in funding, we now have the firepower to scale, starting in Abu Dhabi and Dubai, then globally."
CargoX deploys driverless delivery vehicles across last-mile, middle-mile, and long-haul logistics routes. It has been successfully piloted on public roads in the UAE, with commercial operations expected to commence shortly across Abu Dhabi and Dubai.
