en.Wedoany.com Reported - CargoX, an autonomous delivery platform based in the UAE, announced it has secured $250 million in funding, with this round led by BlueFive Capital. Tomaso Rodriguez will assume the role of CEO; during his six-year tenure as CEO of Talabat, he expanded the business more than ninefold, making Talabat the largest food delivery service in the Middle East, and drove the company to a $2 billion IPO in 2024, which was the largest tech IPO globally that year.

CargoX deploys autonomous delivery vehicles on last-mile, mid-range, and long-haul logistics routes. The platform has completed pilot programs on public roads in the UAE and is expected to launch commercial operations in Abu Dhabi and Dubai shortly. The company has established partnerships with leading e-commerce, retail, and logistics operators, and has engaged in regulatory discussions with government entities such as the Dubai Roads and Transport Authority and the Abu Dhabi Department of Transport.

This funding will be used to support CargoX's expansion of its autonomous logistics network in the UAE and international markets, as well as continued investment in vehicle technology, operational infrastructure, and strategic partnerships.

Tomaso Rodriguez, CEO of CargoX, stated: "The Middle East is ready for a leap in logistics efficiency. Autonomous delivery is no longer a future concept—it is happening now. With $250 million in funding, the company now has the capacity to scale, initially launching in Abu Dhabi and Dubai, and then expanding globally."

BlueFive Capital manages $15 billion in assets, is registered in the Abu Dhabi Global Market, and has offices in nine cities including London, Abu Dhabi, Riyadh, Singapore, and Beijing, offering private equity, real estate, infrastructure, and financial products to private wealth, institutional, and retail clients.

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