Mubadala led a $700m funding round in REEF Technology.

Mubadala Investment led a $700m funding round in REEF Technology, a technology company that plans to transform static parking facilities into thriving mobility and dynamic logistic hubs. SoftBank Vision Fund, UBS Asset Management and Target Global also participated in the round. “We are excited for this next stage of growth and are committed to continue learning, listening and working with our communities to reimagine urban real estate into localized and networked infrastructure that entrepreneurs and cities can use to deliver goods and services sustainably and directly to our neighborhoods. By working together, we can reimagine and rebuild our urban spaces for people, not just cars, and help our cities become more sustainable and inclusive centers of community and opportunity,” Ari Ojalvo, REEF CEO.