Malmö-based RemotiveLabs, a company empowering automotive engineers by providing a lightweight and flexible development platform, has closed €900K in its second investment round.
The funds will help the company to accelerate its transformative approach towards Software Defined Vehicles, benefiting automotive software developers.
Per Sigurdson, RemotiveLabs’ CEO and co-founder, says, “We’ve set out to transform how software is built in the automotive industry.”
“Our target is to enable each and every automotive software developer to get-stuff-done in a virtual environment, where they can experiment, deploy and test their software, and then move the well-worked-through software to the Physical Twin (=the vehicle hardware platform).”
Investors supporting RemotiveLabs
The funding round includes both previous and new investors. Volvo Cars Tech Fund, Almi Invest, and Truckdoktorn AB, who participated in the first round in late 2022, are joined by new investors Sandberg Development and S-E-Bankens Utvecklingsstiftelse.
The new investors view this investment as part of their strategic focus on software solutions and addressing software challenges and opportunities in the mobility sector.
Software development for the automotive industry
Founded in 2020 by Aleksandar Filipov and Per Sigurdson, RemotiveLabs empowers automotive engineers with modern, flexible tools for software development.
The company aims to democratise vehicle software development through modern software patterns, enabling virtualisation and collaborative approaches.
RemotiveLabs introduces lightweight tools enabling software teams to use vehicle virtualisation and transition between environments. They leverage open standards like Vehicle Signal Specification (VSS), modern practices such as containerisation, gRPC, and cloud collaboration.
The company emphasises iterative development to ensure high software quality at production launch. They enable early integration testing on developers’ laptops and integration into continuous pipelines for consistent testing throughout the development cycle.
Aleksander Filipov, RemotiveLabs’ founder & CTO, says, “This is standard in other industries but has so far been unattainable in the automotive world. Virtualising ECUs and entire vehicle networks significantly increase the ability to find and resolve a majority of software issues early on.”
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