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New Deal


Announced

Completed

Hyundai Mobis led a $50m Series C round in Envisics.

Financials

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Transaction Value£42m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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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

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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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