British driverless vehicle company Conigital has secured £500m backing from investors in its Series A+ funding round, with proceeds from the fundraise announced today earmarked to help accelerate development of its self-driving car technology.
Conigital hailed the investment announced yesterday as an “exceptional milestone” for the company, which also currently operates in Australia, Brazil, and India.
The investment encompasses both equity and debt, and has been secured from an undisclosed global private equity infrastructure firm boasting £150bn of assets under management, according to Conigital.
The firm claims it is now the highest-funded driverless vehicle start-up in the UK and Europe.
Conigital uses AI technology to produce autonomous and electric commercial and industrial fleets in both closed and semi-closed environments, such as ports, airports, yards, smart campuses,…
