ClearMotion – a leading software-defined chassis company revolutionizing the in-car experience – announced recently a $32 million investment. Plus ClearMotion also revealed that it secured a significant production order from an EV automaker, ensuring its ClearMotion1 (CM1) system will be accessible to consumers next year. The participating investors include NewView Capital, Acadia Woods, BAI Capital, NIO Capital, Liberty Street and others.
CM1 is known as ClearMotion’s patented high-bandwidth active suspension technology that improves ride comfort, productivity, and safety by canceling unwanted motion in the car. And CM1 integrates with infotainment systems to deliver a truly immersive in-cabin experience. The volume production order – which was secured from an influential electric vehicle original equipment manufacturer to be disclosed later this year – will facilitate the transition of ClearMotion1 units into the industrialization phase of product development.
This latest funding round follows a $39 million investment led by NIO Capital in September 2022. And as the driver assistance market size is projected to reach over $124 billion by 2029, ClearMotion will now concentrate on bringing its state-of-the-art technology to market, promising an extraordinary in-cabin experience for consumers worldwide.
KEY QUOTES:
“This is an exciting time for the company and one that marks a monumental shift from development to public availability. This investment, combined with the significant production order, brings us closer to our goal of making our CM1 technology accessible to a wider audience. Our focus now is to establish strategic relationships with trusted manufacturers, ensuring that drivers and passengers can fully experience the transformational benefits of our system.”
— Christian Steinmann, CEO of ClearMotion
“ClearMotion is set to redefine the way people spend time in cars, transforming it into a productive and entertaining experience. Their recent production order highlights the immense market potential for ClearMotion’s product lineup and the distinct competitive edge they have in terms of innovation and market-readiness. We are thrilled to back them as they embark on this exciting new chapter.”
— Tim Connor, Partner at NewView Capital
