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.
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