Conigital has raised £500 million in Series A+ funding, according to a report by Tech.eu on September 11. The investment combines equity and debt. The company is currently developing a full-stack, lift-and-shift driverless vehicle platform called ConICAV. It can be applied in any vehicle type.
“Following over a year of discussions, we're thrilled to secure an offer of £500 million in Series A+ funding. This monumental achievement signifies not only our unwavering commitment to transforming transportation but also the remarkable growth and commercial success we've achieved alongside a strong pipeline.
“This substantial capital infusion will empower us to attract top-tier talent, further develop our partner ecosystem, and execute an ambitious M&A strategy, propelling our expansion on both domestic and international fronts to realise our collective aspirations and exceed investor expectations,” said Don Dhaliwal, CEO of Conigital.
AutoTechInsight has launched BriefCASE, a new and free weekly newsletter. Giving you the inside track on all things related to CASE and hot technologies as they relate to the automotive supply chain. Click here to subscribe.