ClearMotion, Inc., a Boston, MA-based automotive technology company focused on proactive ride systems, raised a $115m Series D financing.
The round was led by Franklin Templeton Investments, with participation from clients advised by J.P. Morgan Asset Management, as well as participation from Microsoft, Bridgestone, Qualcomm, World Innovation Lab, NewView Capital, AARP Innovation Fund, and Eileses Capital.
Led by Shakeel Avadhany, founder and CEO, ClearMotion provides road-sensing technology enabling a next-generation user experience in vehicles. The company’s proactive ride system combines software and hardware to mitigate vehicle movement across uneven road surfaces. The company has completed development programs on multiple car lines and has commissioned a pilot production facility for its first OEM launches.
Founded out of the Massachusetts Institute of Technology, ClearMotion has an additional development center and proving grounds in Birmingham, UK. It has over 10,000 patent claims issued or pending worldwide.
FinSMEs
09/01/2019