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Hyundai invests nearly $1 billion in self-driving startup Motional, obtaining majority stake

Hyundai invests nearly $1 billion in self-driving startup Motional, obtaining majority stake

05/02/24, 5:23 PM
Location
https://purecatamphetamine.github.io/country-flag-icons/3x2/US.svgboston
Money raised
$923 million
Industry
automotive
transportation
Investors
Aptiv, Hyundai
Hyundai has agreed to invest close to $1 billion in self-driving startup Motional, acquiring a majority stake in the company. The investment is intended to provide the necessary capital for Motional to continue its operations and development of autonomous vehicle services.

Company Info

Company
Motional
Location
boston, massachusetts, united states
Additional Info
Motional is a self-driving startup that originated as the Boston-based autonomous vehicle startup nuTonomy in 2013. It has been involved in developing robotaxi services and autonomous vehicles for various cities.

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