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

  • 5GAA discusses tech at ITS World Congress
    October 20, 2021
    Connected bike demo identified VRU using C-V2X
    Read More
  • Global toll revenues $8.5bn while technology ‘battles’ continue
    April 9, 2014
    ABI Research’s Dominique Bonte talks to Jason Barnes about trends in tolling and how a wider appreciation of technology options is sorely needed. Global Electronic Toll Collection (ETC) solution revenues will grow to $8.5bn by 2018, with ETC becoming a main source of funding for both Intelligent Transport Systems (ITS) and Vehicle-to-X (V2X) cooperative infrastructures, according to a new report from ABI Research (Chart 1). But, says the report’s author, ABI Research vice president and practice director Dom
    Read More
  • Toyota and SoftBank to launch joint venture for mobility services in Japan
    October 15, 2018
    Toyota Motor and Softbank will launch a Mobility as a Service (MaaS) business in Japan by April 2019. Called Monet Technologies, the company will combine Toyota's mobility services platform and information infrastructure for connected vehicles with Softbank's Internet of Things platform. Initially, Monet intends to deploy an on-demand transportation service as well as corporate shuttles. By the second half of the 2020s, Monet says it will launch an autonomous MaaS fleet using Toyota’s battery-ele
    Read More
  • ASECAP widens its influence and fosters debate in Dubrovnik
    August 5, 2013
    Jason Barnes reports from the ASECAP Days 2013 event, which took place in Dubrovnik. ASECAP, the European tolling association held its 41st annual Study and Information Days event in Dubrovnik, Croatia, which attracted more than 200 figures from the road infrastructure sector in Europe and beyond. A series of presentations over two days brought attendees up to date with developments in a variety of policy and technology fields and discussed a number of developing and new topics, such as GNSS-based tolling a
    Read More

Highlighted Content