CargoX Raises $250 Million to Expand Autonomous Delivery Platform, Appoints Tomaso Rodriguez as CEO
UAE-based autonomous logistics company CargoX has secured $250 million in funding from an investor consortium led by BlueFive Capital, as it prepares to scale its driverless delivery operations across the UAE and international markets.
The company also announced the appointment of Tomaso Rodriguez as Chief Executive Officer. Rodriguez previously led Talabat for six years, overseeing significant expansion and guiding the company through its $2 billion initial public offering (IPO) in 2024.
CargoX operates an autonomous delivery platform that deploys driverless vehicles across last-mile, middle-mile, and long-haul logistics routes. The company said its technology has already been successfully piloted on public roads in the UAE, with commercial operations expected to begin soon in Abu Dhabi and Dubai.
According to the company, it has established partnerships with major e-commerce, retail, and logistics operators while also engaging with key government authorities, including the Roads and Transport Authority (RTA) in Dubai and Abu Dhabi Mobility, to support the rollout of autonomous logistics services.
The newly secured funding will be used to expand CargoX’s autonomous delivery network, enhance vehicle technology, strengthen operational infrastructure, and develop strategic partnerships both within the UAE and internationally.
Speaking about the announcement, Rodriguez said the logistics sector is on the verge of a major transformation, noting that autonomous delivery is no longer a future concept but an emerging reality. He added that the investment will enable CargoX to accelerate deployment across Abu Dhabi and Dubai before expanding globally.
Meanwhile, BlueFive Capital, which manages approximately $15 billion in assets, continues to expand its presence across global markets. The investment firm operates from multiple international offices, including locations in Abu Dhabi, London, Riyadh, Singapore, and Beijing, and provides investment solutions across private equity, real estate, infrastructure, and financial products.
The announcement reflects growing momentum in the UAE’s autonomous mobility sector, as government entities and private companies increasingly invest in technologies designed to improve efficiency, reduce costs, and modernize logistics networks.
