ClearMotion Funding: Closes $39M Financing Round

ClearMotion, a Boston, MA-based software-defined chassis company with the mission to transform the quality of time in motion, raised $39M in funding.

The round was led by NIO Capital with additional investors including BAI Capital, Franklin Templeton, NewView Capital, and Acadia Woods Partners.  

The company intends to use the funds for an expected 2024 launch of its CM1 technology, with plans to expand globally.

Led by Christian Steinmann, CEO, ClearMotion is advancing CM1, its patented high-bandwidth active suspension technology that cancels unwanted motion in the car to improve ride comfort, productivity, and safety via active suspension and proactive road sensing software.

The company was founded out of MIT and has locations in the greater Boston area and Birmingham, UK.

About ClearMotion

ClearMotion is a global automotive technology company founded out of MIT in 2009. The company is commercializing the world’s first proactive ride system to improve the quality of time in motion. ClearMotion has emerged with a product for modern vehicle platforms – partnering with Bridgestone, Qualcomm, and a host of auto suppliers to introduce the technology into production vehicles. The company acquired the Bose Ride business, Project Sound active suspension, and other predictive road-sensing software from Bose, incorporating 40 years of pioneering active suspension research, along with a new product line of fully active seats that augment our vision to transform the quality of time in motion.

When was ClearMotion founded?

ClearMotion was founded in 2008

Who is the Founder of ClearMotion?

Shakeel Avadhany is the  Founder & Chief Business Officer of ClearMotion.

Is ClearMotion Hiring?

No, ClearmMotion is not hiring for any positions but you can check their linkedin for future job openings.

What is the Team Size of ClearMotion?

As per the popular social media site LinkedIn, ClearMotion has 116 employees.

Where is the Head Office of ClearMotion?

ClearMotion is headquartered in 805 Middlesex Turnpike, Billerica, MA 01821, USA.

How much is the revenue of ClearMotion?

ClearMotion has not publicly revealed the revenue in the last round of funding.

ClearMotion Closes $39M Financing Round. Congratulations to the entire team. I wish you great success in this endeavour.

Shishir Gupta, Founder and CEO, StartupLanes

Don’t keep wondering about funding, you can also raise funds. Learn how to raise funds here: Yes I want to raise funds.

If you are an emerging startup and are looking for investors to raise funds, StartupLanes has its own angel network and investment banking services and is connected to angel investors and VCs in 15 countries that ensure that our member startups have easy access to external funds to scale up constantly.

You can subscribe to our news posts by entering your email in the box on the right side of this page.

Check out our YouTube channel for insightful content from the Indian startup ecosystem.

Or join our Whatsapp group to interact with other founders: Yes, I want to join the Whatsapp group.

The right investment is key to beating inflation and growing your wealth. Do you wish to become an angel investor? Yes, I want to be an angel investor.

Are you a startup and facing challenges in your business? Do you want to grow your business? It is not as difficult as it sounds. Learn how to grow your business here- Yes, I want to grow my business. For any rectifications, reach out to ashu@startuplanes.com