ClearMotion, a Boston, MA-based software-defined chassis company, received a $32M investment from several investors.
Backers included NewView Capital, Acadia Woods, BAI Capital, NIO Capital, Liberty Street and others.
The company intends to use the funds to bring its technology to market, promising an in-cabin experience for consumers worldwide.
Led by CEO Christian Steinmann, ClearMotion builds products enabling an enhanced user experience in vehicles. CM1 is the company’s patented high-bandwidth active suspension technology that improves ride comfort, productivity, and safety by canceling unwanted motion in the car. Moreover, CM1 integrates with infotainment systems to deliver an immersive in-cabin experience.
The company also secured a significant production order from an EV automaker, ensuring its ClearMotion1 (CM1) system will be accessible to consumers next year. The order will facilitate the transition of CM1 units into the industrialization phase of product development.
The company was founded out of MIT and has locations in Boston, USA, Birmingham, UK, and Shanghai, China.
FinSMEs
25/05/2023