As part of Jaguar Land Rover’s Reimagine strategy, the partnership is intended to transform the automaker’s modern luxury experience for customers starting in 2025, with software experts from both companies jointly developing AI-powered autonomous driving and connected services built on Nvidia Drive.
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The company will use the $56.5 million in Series B fundraising, with support from ZF, Continental, and AGCO, to expand into markets adjacent to the automotive including agriculture, mining, industrial automation, and Internet of Things; double its team; and expand operations to Asia.
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Hitachi Ventures joins the list of current investors helping the company develop better battery end-of-life solutions.
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The Mk3 version will race in remotely piloted Airspeeder competitions in 2021, leading to the “manned” Mk4 to follow.
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