Autotalks extends funding round with additional investors

Israeli Vehicle to Everything (V2X) communication chipsets supplier Autotalks has extended its recent funding round as a result of increased investment from the Mirai Creation Investment Fund, of which the principal investors are Toyota Motor Corporation and Sumitomo Mitsui Banking Corporation and is managed by SPARX Group.
June 27, 2017 Read time: 1 min

Israeli Vehicle to Everything (V2X) communication chipsets supplier 6765 Autotalks has extended its recent funding round as a result of increased investment from the Mirai Creation Investment Fund, of which the principal investors are 1686 Toyota Motor Corporation and Sumitomo Mitsui Banking Corporation and is managed by SPARX Group. Additionally, current Autotalks' investors increased their investment in the company.

Autotalks had already completed its Series D round with about US$40 million in investments, an oversubscription of US$10 million.

According to Hagai Zyss, Autotalks' CEO, the funding will allow Autotalks to prepare and expand its operations for the upcoming start of mass productions as well as continue to develop communication solutions for both connected and autonomous cars.

Location Based Systems

For more information on companies in this article

Related Content

  • Cohda launches V2X solution
    September 8, 2022
    MK6 will be 'catalyst' for increasing roll-out of connected vehicles, says manufacturer
    Read More
  • ACE report: private sector and user-pay for English roads
    May 16, 2018
    It’s one minute to midnight for funding England’s roads, according to a timely new report - and the clock’s big hand is pointing to some form of user-pay solution, reports David Arminas. Is there any way out of future user-pay funding for England’s highway infrastructure? The answer is a resounding ‘no’, according to the recently-published report Funding Roads for the Future. The 25-page document by the London-based Association for Consultancy and Engineering (ACE) calls for a radical rethink about how to
    Read More
  • Q&A: Why has Almaviva bought Iteris?
    January 17, 2025
    US-based ITS sector veteran Iteris has been bought for $335m by Italian digital specialist Almaviva. But who exactly is the new owner and what does it want? Adam Hill finds out…
    Read More
  • Tier Mobility takes over Spin
    March 3, 2022
    German firm's latest acquisition means it rides into North America with Ford-owned group
    Read More

Highlighted Content