ClearMotion Secures $115 Million Series-D Financing Led by Franklin...
Summary
“From tire to human, we have developed a software and hardware solution that digitizes our analog relationship to the road,” says Shakeel Avadhany, founder and CEO of ClearMotion. Through a software and hardware solution, the technology senses uneven road surfaces and enables the vehicle to react, giving occupants unmatched levels of handling, stability, comfort and safety. Highly accurate traces of road surface contours are gathered from existing vehicle sensor systems and synthesized in the cloud to proactively improve ride. “As a large investor in both automotive and technology businesses, we carefully assess the evolving mobility landscape and have found a unique tech company in ClearMotion,” says Ryan Biggs, research analyst for Franklin’s Equity team. ClearMotion was founded out of the Massachusetts Institute of Technology and is headquartered in the greater Boston area with an additional development center and proving grounds in Birmingham, UK.