Announced
Completed
Financials
Sources
Tags
Minority
Single Bidder
Acquisition
Cross Border
Completed
Private Equity
Venture Capital
AR head-up displays
holographic technologies
Electronic Components and Equipment
United Kingdom
Friendly
Private
Synopsis
Hyundai Mobis, a global automotive supplier, led a $50m Series C round in Envisics, a company that is focused on developing holographic technologies for augmented reality head-up displays and automotive sensor systems, with with participation from GM Ventures, Tarsadia Investments, InMotion Ventures and Stellantis. "Since our Series B funding round, we have focused on growing Envisics into a key enabler for next generation mobility experiences. The caliber of our investors demonstrates the significance attached by global automakers to the transformation of vehicle interfaces and interior architectures. Our solutions are an exceptional fit for OEM requirements and provide platforms that enable the creation of unique brand experiences. Envisics stands apart as the only company that has created and delivered dynamic holographic technology as a viable product at scale," Jamieson Christmas, Envisics CEO and Founder.
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