Hyundai invests nearly $1 billion in self-driving startup Motional, obtaining majority stake
Amount Raised
$923 Million
Round Type
Funding Round
BostonTransportationAutomotiveInvestors
Description
Hyundai has agreed to invest close to $1 billion in self-driving startup Motional, acquiring a majority stake in the company. The investment is intended to provide the necessary capital for Motional to continue its operations and development of autonomous vehicle services.
Quick answer
Motional raised $923 Million in a Funding Round round, dated May 2, 2024. Investors: Aptiv and Hyundai. Motional is based in Boston, Massachusetts, United States.
- How much did Motional raise?
- Motional raised $923 Million in a Funding Round round on May 2, 2024.
- Who invested in Motional?
- Aptiv and Hyundai are named as investors in this round.
- What does Motional do?
- Motional is a self-driving startup that originated as the Boston-based autonomous vehicle startup nuTonomy in 2013.
- Where is Motional based and how big is it?
- Motional is based in Boston, Massachusetts, United States.
- Who are the decision-makers at Motional?
- Fundz holds 2 contacts at Motional, including the Executive Officer. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Who else raised in Transportation and Automotive around the same time
Companies in the same sectors as Motional that raised within 45 days of this round, from Fundz verified event records.
- Lucid Group raised $1B (Funding Round) on March 25, 2024.
- Clean Motion raised $1M (Seed) on June 11, 2024.
- Mober raised $6M (Series A) on June 6, 2024.
- Gireve raised $22M (Funding Round) on June 3, 2024.
- Zeno raised $1.9M on May 15, 2024.
- BluWheelz raised $1M (Seed) on April 22, 2024.
Who to call at Motional, and when
A new round usually means Motional is about to hire and buy. The teams that reach out first get the meeting.
- An alert the day Motional raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at Motional, from your own LinkedIn network
Works inside ChatGPT and Claude. Ask who to call at Motional. With Fundz connected, it knows.
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Fundz sees it the moment Motional raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.
Related People
Motional raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.
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