Autonomous vehicle startup nuTonomy raises $16m in funding

Autonomous vehicle startup nuTonomy raises $16m in funding

The self-driving vehicle company nuTonomy has announced that it has raised $16m in additional funding, as it gears itself up to launch autonomous taxis in Singapore. NuTonomy raised $3.6m in January, and its Chief Executive Karl Iagnemma said that the latest funding will allow the company to “accelerate our progress – more people and more cars”.

Singapore has invited self-driving car makers to test their technologies on its streets, and the country was among the investors in the latest nuTonomy funding round, which was led by Highland Capital.

NuTonomy has been using retrofitted Mitsubishi and Renault vehicles.

 

 

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