Hyundai Motor Company

Hyundai Motor Company is a South Korean multinational automotive manufacturer, established in 1967. It produces and distributes a wide range of vehicles globally, including cars, SUVs, commercial vehicles, and eco-friendly models. The company operates through Vehicle, Finance, and Other segments, offering vehicle financing services and engaging in research & development activities. Hyundai Motor Company is the world's fifth-largest automaker.

Tarun Garg

COO

John Suh

Founding Director, New Horizons Studio

Sukhwan Yun

Senior Investment Manager (CVC) / Head of Operation at CRADLE Berlin

Past deals in Automotive

BOS Semiconductors

Venture Round in 2023
BOS Semiconductors designs and manufactures semiconductor technology for the automotive industry, focusing on automotive-grade chips for autonomous driving and high-performance in-car computing. The company specializes in producing self-driving security operation centers and Mega-MCU high-performance computing systems, employing gateway system-on-chip technologies to enable advanced vehicle features. Through these offerings, BOS Semiconductors supports automakers in developing autonomous driving capabilities and powerful in-vehicle compute, contributing to safer and more capable automotive electronics.

H2 MOBILITY

Venture Round in 2022
H2 MOBILITY is a hydrogen filling station operator that offers consulting, planning, and construction services for hydrogen stations.

MORAI

Series B in 2022
MORAI Inc. is a technology company that specializes in developing a simulation platform for autonomous vehicles. Founded in 2018 and headquartered in Seoul, South Korea, with an additional office in San Francisco, California, MORAI creates a three-dimensional virtual environment that closely mimics real-world road conditions. This platform allows for the testing and enhancement of autonomous driving algorithms, providing valuable verification and validation solutions for automotive companies. Additionally, MORAI offers custom-built simulation services and datasets to support advanced algorithm development, helping self-driving car engineers and manufacturers effectively address scenarios that are challenging to replicate in real-world testing. By leveraging its artificial intelligence-enabled platform, MORAI aims to reduce the costs associated with verifying autonomous driving technology while enhancing overall response capabilities.

Chabot Mobility

Series B in 2021
Chabot Mobility is a platform that streamlines automotive services. It offers integrated solutions for finance, insurance, and vehicle management, including car insurance comparison estimates, financial product recommendations, customer management, and used car sales.

Factorial Energy

Series B in 2021
Factorial Energy ("Factorial") has pioneered a new solid-state electrolyte material battery technology, FEST™ (Factorial Electrolyte System Technology™). Factorial will bring a more powerful battery product with longer range and higher degree of safety to the global electric vehicle (EV) market.

Tekion

Series D in 2021
Tekion Corp. is a technology company based in San Ramon, California, founded in 2016, that specializes in developing cloud-based business applications for the automotive retail industry. Its flagship product, the Automotive Retail Cloud (ARC), serves automotive dealers by connecting their entire business operations and facilitating the vehicle sales cycle online. Tekion's innovative platform integrates various aspects of the automotive retail ecosystem, including digital sales management, compliance, customer engagement, and data insights, to enhance efficiency and improve customer experiences. By leveraging advanced technologies such as big data, machine learning, and artificial intelligence, Tekion aims to transform an industry that has remained largely unchanged for decades, offering a seamless and highly configurable solution for automotive retailers, manufacturers, and technology partners.

Ottopia

Series A in 2021
Ottopia Ltd., headquartered in Tel-Aviv, Israel, specializes in developing an artificial intelligence platform tailored for the automobile industry. The company's flagship product is a teleoperations software platform, recognized twice by Frost & Sullivan as the best in its market. This platform combines AI with human drivers' expertise to facilitate driverless experiences across various vehicle types, including cars, buses, trucks, construction machines, and delivery vehicles. Ottopia partners with prominent industry players such as Hyundai, Magna International, Deutsche Telekom, Motional, EasyMile, MooVita, Serve Robotics, and NVIDIA. By employing Ottopia's technology, original equipment manufacturers (OEMs) can generate new recurring revenue streams while reducing research and development costs.

UVeye

Corporate Round in 2021
UVeye Ltd. is a technology company specializing in the development of automatic vehicle inspection systems. Founded in 2016 and based in Stamford, Connecticut, the company utilizes advanced camera technologies and computer algorithms to thoroughly examine vehicles, focusing on the undercarriage, tires, and exterior. Its systems are capable of detecting anomalies such as oil leaks, rust, paint damage, tire issues, and other modifications within seconds. UVeye's products include stationary and mobile inspection units, equipped with multiple high-resolution cameras that generate 3D images and employ machine learning for real-time analysis. The company serves a diverse clientele, including government entities, automotive manufacturers, and private enterprises, with installations at over 200 sites globally. Notable partnerships with major automotive brands have further solidified its presence in the market, enhancing vehicle maintenance and security protocols.

Gauzy

Series C in 2020
Gauzy develops, manufactures, and supplies innovative glass solutions, specializing in intelligent and switchable glass for modern architecture, vehicles, and design applications. Its products include liquid crystal film technologies, SPD-smart light control films, and PDLC materials, used in various markets worldwide such as construction, automotive, aviation, and consumer electronics. Headquartered in Tel Aviv, Israel, Gauzy has subsidiaries in the US and Germany, with a global presence through dedicated production facilities, R&D centers, sales offices, and distribution networks.

Upstream Security

Series B in 2019
Upstream Security is a cloud-based platform provider focused on automotive cybersecurity for connected and autonomous vehicles. The company offers a data management platform that collects and centralizes highly distributed vehicle data into structured data lakes, enabling cybersecurity detection and response (V-XDR) and data-driven applications. Its AutoThreat Intelligence delivers threat intelligence integrated into customers’ environments and vehicle security operations centers. Leveraging big data and machine learning, the platform combines layered security gateways and analytics to deliver real-time visibility and actionable insights on security, privacy, and fraud. The company serves automotive OEMs, suppliers, and other clients, protecting millions of vehicles worldwide.

Ola Electric

Corporate Round in 2019
Ola Electric Mobility is an Indian company that specializes in electric vehicles (EVs) and their components. Founded on May 26, 2017, by Ankit Jain and Anand Shah, the company is headquartered in Bengaluru. Ola Electric is dedicated to enhancing electric mobility by developing vertically integrated technology and manufacturing capabilities for EVs, including battery packs, motors, and vehicle frames. It operates the Ola Futurefactory, where it produces these core EV components. The company also focuses on leasing electric cars and providing shared daily mobility solutions. Additionally, Ola Electric is building charging and battery swapping networks to ensure convenient and reliable access to electric mobility. As part of its growth strategy, the company aims to capitalize on the electrification of transportation in India and explore export opportunities in select international markets.

Aryballe

Series A in 2019
Aryballe Technologies, established in 2014 and based in Grenoble, France, specializes in developing innovative sensors and software that mimic the human sense of smell. The company's core products include eNose, O-Cell, NeOse Pro, and Solgel, which use biochemistry, optics, and machine learning to identify, measure, and represent odors. Aryballe's solutions are designed to enhance decision-making in various industries such as food and beverage, cosmetics, and automotive, by aiding in research and development, quality control, manufacturing, and end-user experiences.

Aurora

Series B in 2019
Aurora Innovation develops advanced software and hardware products for self-driving vehicles, aiming to transform the movement of people and goods. Founded in 2016 and headquartered in Palo Alto, California, the company operates additional offices in the Bay Area, Bozeman, Pittsburgh, and Dallas. Its primary offering, the Aurora Driver, is a scalable self-driving system capable of operating various vehicle types, including freight-hauling trucks and ride-hailing passenger vehicles. This technology supports Aurora's driver-as-a-service products, Aurora Horizon and Aurora Connect, catering to trucking and ride-hailing sectors. By integrating rigorous engineering with applied machine learning, Aurora Innovation seeks to create a comprehensive transportation ecosystem that connects automakers, logistics services, and mobility providers.

Rimac Group

Corporate Round in 2019
Rimac Group, based in Sveta Nedelja, Croatia, specializes in the design, development, and manufacturing of electric vehicles and advanced automotive components. The company produces high-performance electric hypercars and a variety of electric vehicle components, including drivetrains, battery systems, and infotainment systems. Rimac Group also offers extensive engineering solutions, such as concept design, production strategy development, and quality control. In addition to manufacturing, the company provides prototyping services and the conversion of internal combustion engines to electric or hybrid powertrains. Founded in 2009, Rimac Group has established a strategic partnership with Hyundai Motor, further enhancing its capabilities in the automotive sector. The organization is driven by a passion for innovation and aims to redefine the electric vehicle landscape through cutting-edge technology and design.

MORAI

Seed Round in 2019
MORAI Inc. is a technology company that specializes in developing a simulation platform for autonomous vehicles. Founded in 2018 and headquartered in Seoul, South Korea, with an additional office in San Francisco, California, MORAI creates a three-dimensional virtual environment that closely mimics real-world road conditions. This platform allows for the testing and enhancement of autonomous driving algorithms, providing valuable verification and validation solutions for automotive companies. Additionally, MORAI offers custom-built simulation services and datasets to support advanced algorithm development, helping self-driving car engineers and manufacturers effectively address scenarios that are challenging to replicate in real-world testing. By leveraging its artificial intelligence-enabled platform, MORAI aims to reduce the costs associated with verifying autonomous driving technology while enhancing overall response capabilities.

JIMU Intelligent

Series B in 2019
JIMU Intelligent is a technology company established in 2011, based in Wuhan, China, specializing in intelligent driving solutions. The company develops advanced driver assistance systems (ADAS) that utilize artificial intelligence to enhance vehicle safety and navigation. Its product offerings include driver assistance devices such as FPGA ADAS, automotive cameras, and integrated systems that provide features like lane, vehicle, and pedestrian detection. JIMU Intelligent's solutions are designed to reduce automobile collisions by warning drivers of potential dangers in advance, making them suitable for various applications in the automotive industry, fleet management, and insurance sectors. The company aims to support global original equipment manufacturers (OEMs) in achieving safer driving through its cutting-edge technology, contributing to the goal of Vision Zero, which seeks to eliminate traffic fatalities.

StradVision

Series A in 2018
StradVision, established in 2014, specializes in developing perception algorithms for advanced driver assistance systems (ADAS) and autonomous vehicles. Headquartered in San Jose, USA, with R&D centers globally including South Korea, the company offers SVNet External for external object detection and SVNet Internal for occupant monitoring. Its Auto Labeling Tool automates object annotation for training data generation. StradVision's machine learning algorithms have achieved top performance in global tech evaluations, running smoothly on embedded devices. With over 60 issued patents and extensive industry backing, the company aims to democratize self-driving technology through safe, accurate real-world perception capabilities.

Perceptive Automata

Series A in 2018
Perceptive Automata, Inc. is a technology company specializing in machine learning and computer vision solutions aimed at predicting human behavior in the context of automated driving. Founded in 2014 and located in Somerville, Massachusetts, the company addresses the complex challenges associated with the safe deployment of highly automated and fully autonomous vehicles, particularly in urban settings. Its advanced AI inference models allow vehicles to anticipate the actions of pedestrians, cyclists, and other drivers, enhancing safety and enabling smoother navigation in human-dominated environments. By integrating its software into autonomous driving systems, Perceptive Automata facilitates a more natural driving experience, which is crucial for the acceptance of autonomous vehicles and robotaxi services. The company's team comprises experts from prestigious institutions such as Harvard, MIT, and Stanford, reflecting a strong foundation in neuroscience and artificial intelligence.

WayRay

Series C in 2018
WayRay SA is a developer of advanced holographic navigation systems that leverage augmented reality (AR) technology to enhance connected vehicles. Founded in 2012 and headquartered in Lausanne, Switzerland, with additional offices in Moscow, San Francisco, and China, the company specializes in products such as Navion, an AR car navigation system that incorporates aeronautical principles for improved land navigation. WayRay also offers ELEMENT, a holographic car navigator that provides real-time navigational information through an AR interface. The company's innovative solutions aim to enhance driving safety and convenience by integrating aerospace technology into automotive applications, allowing drivers to access critical data directly through their windshields without diverting their attention from the road.

Revv

Series B in 2018
Revv is an Indian car-rental startup offering self-drive options. It provides hatchbacks, SUVs, sedans, and luxury vehicles for rental periods ranging from hours to months at all-inclusive rates.

StradVision

Series A in 2018
StradVision, established in 2014, specializes in developing perception algorithms for advanced driver assistance systems (ADAS) and autonomous vehicles. Headquartered in San Jose, USA, with R&D centers globally including South Korea, the company offers SVNet External for external object detection and SVNet Internal for occupant monitoring. Its Auto Labeling Tool automates object annotation for training data generation. StradVision's machine learning algorithms have achieved top performance in global tech evaluations, running smoothly on embedded devices. With over 60 issued patents and extensive industry backing, the company aims to democratize self-driving technology through safe, accurate real-world perception capabilities.

Metawave

Venture Round in 2018
Metawave Corporation is a technology company based in Palo Alto, California, specializing in the development of advanced beamsteering radars using metamaterials and artificial intelligence. Founded in 2017, the company primarily serves the automotive industry, offering innovative solutions for safe automated driving. Its flagship product, SPEKTRA, is designed to enhance safety for automakers by providing high-performance radar capabilities for 3D imaging and vehicle-to-vehicle communications. Additionally, Metawave develops TURBO active repeaters to extend signal coverage in difficult environments, as well as ECHO passive reflectors to optimize signal direction in areas with lower coverage. The company also offers AWARE, an AI platform that leverages deep learning to extract valuable information from radar signals. In parallel, Metawave is working on smart beamsteering antennas to improve 4G and 5G networks, aiming to enhance connectivity for billions of users.

Autotalks

Series D in 2017
Autotalks, Ltd. is a fabless semiconductor company specializing in vehicle-to-everything (V2X) communications for both manned and autonomous vehicles. Founded in 2008 and headquartered in Kfar Netter, Israel, the company develops a range of automotive-grade chipsets, including the CRATON integrated vehicular communication processor and the PLUTON V2X RF Transceiver. These products enable vehicles to communicate with each other and with infrastructure, enhancing safety and mobility. Autotalks also offers the PANGAEA4 V2X communication module, along with security verification and software solutions. The company serves a global clientele, including OEMs and Tier 1 and Tier 2 suppliers, with offices in North America, Europe, and Asia. Autotalks stands out as the only provider of a comprehensive global V2X solution that meets stringent automotive safety and reliability standards, ensuring interoperability with various devices and protocols in diverse conditions.

StradVision

Seed Round in 2017
StradVision, established in 2014, specializes in developing perception algorithms for advanced driver assistance systems (ADAS) and autonomous vehicles. Headquartered in San Jose, USA, with R&D centers globally including South Korea, the company offers SVNet External for external object detection and SVNet Internal for occupant monitoring. Its Auto Labeling Tool automates object annotation for training data generation. StradVision's machine learning algorithms have achieved top performance in global tech evaluations, running smoothly on embedded devices. With over 60 issued patents and extensive industry backing, the company aims to democratize self-driving technology through safe, accurate real-world perception capabilities.

Kia India

Acquisition in 2012
Kia India Private Limited, a subsidiary of Kia Motors Corporation, oversees the company's operations in India and was established on May 19, 2017. Kia Motors Corporation, founded in 1944, is a prominent manufacturer of vehicles, offering a diverse range of products including passenger cars, recreational vehicles, and commercial vehicles, along with hybrid, plug-in hybrid, and electric vehicle options. The company focuses on delivering quality motor vehicles and aims to exceed customer expectations. Kia's global reach extends to markets in South Korea, North America, Europe, and beyond, with products distributed through a comprehensive network of dealers and distributors.
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