Motional closes $475M funding round from Hyundai Motor Group
Motional closed a $475 million corporate funding round from Hyundai Motor Group to support driverless-technology development.
Evidence notes
- Resources shifted toward development and generalization of Motional core driverless technology.
- The revised plan de-emphasized near-term commercial deployments and ancillary activities.
- Motional had completed more than 100,000 autonomous rides in Las Vegas and thousands of autonomous food deliveries in Los Angeles.