In the latest development, Finnish autonomous driving technology firm Sensible 4 has raised $7 million (approx €6.3 million) in their series A funding round that will see the company market expansion to Europe and Asia. The round was led by NordicNinja VC and ITOCHU, one of the largest Japanese trading companies.
The first phase of the investment round before commercial production is now completed. The total round is expected to double and to be completed by the summer.
Harri Santamala, co-founder and CEO of Sensible 4:
We are very proud to have such strong investors joining Sensible 4 as shareholders. We are still one of the only companies in this field that can drive autonomously in all weather conditions. With the investment, we will be able to develop the technology to a level that allows us to integrate this to commercial use.
The funding will be used to develop the software, and part further will be used to build more GACHA busses, which aims to enter the Japanese and Chinese markets at the end of the year.