Automated or self-driving cars are no longer a vision of the future in sci-fi movies. However, even though a reality, there are still many improvements needed in the self-driving vehicle space. Multiple renown companies such as Alphabet, Tesla, GM, and others are working on improving the technology.
While not as big, one such notable startup is AImotive, a Hungary-based automated driving technology company. It has secured €17.67 million in a new investment round. With total funding of €66.27 million, it has become the largest VC-backed company developing automated driving technology in Europe.