Envisics raises over $50m in Series C funding led by Hyundai Mobis to advance holographic automotive displays.
Hyundai Mobis led the Series C round, with participation from new and existing strategic automotive backers.
Envisics is a deep technology company and global leader in dynamic holographic technology delivering advanced product solutions to automakers.
Automotive technology pioneer Envisics has secured over $50m in a Series C funding round led by Hyundai Mobis. The capital injection also drew backing from returning and new strategic shareholders, including General Motors, Tarsadia Investments, InMotion Ventures, and Stellantis Ventures.
The Milton Keynes based business specialises in holographic systems that enable augmented reality head-up displays for modern vehicles. Fresh resources will be directed towards accelerating product development and scaling commercial delivery across the global automotive sector.
From the founder
"Since our Series B funding round, we have focused on growing Envisics into a key enabler for next generation mobility experiences"
Jamieson Christmas
CEO and founder at Envisics
Investor perspective
"As early investors in Envisics, we have seen both an acceleration of their technology and a shift in the market towards AR HUD solutions. This latest funding round gives Envisics the runway needed to realize the commercial potential of dynamic holography in the auto industry and beyond."
Mitchell Caplan
President of Tarsadia Investments and Chairman of Envisics Inc., Tarsadia Investments
Use of funds
- 01Continue product development
Investors
Younghoon Han
Hyundai Mobis
GM Ventures
Mitchell Caplan
Tarsadia Investments
InMotion Ventures
Adam Bazih
Stellantis Ventures
Categories
About the company
Envisics
Envisics develops dynamic holographic technology for automotive augmented reality displays.