funding Archives - aftermarketNews
Egyptian Auto Parts Marketplace Mtor Raises $2.8M in Funding

Mtor said the pre-seed funding round marks a milestone in its quest to create a one-stop shop for local car workshops.

Mtor funding
PartsTech Secures $35M Series C Funding 

PartsTech provides an e-commerce solution that currently connects 15,000+ repair shops to 30,000 supplier locations.

REE Automotive Awarded $17M Funding From UK Government

Funding will allow REE to advance commercial production of its breakthrough REEcorner technology.

Shopmonkey Gets $75M In Series C Funding

Top auto shop management software company triples down to help shops scale and succeed.

Fidelity Leads $81M Investment In Enevate

Investment to accelerate commercialization of fast-charging electric vehicle battery technology.

Shop-Ware Announces $15M In Series A Funding

The investment will be used to expand Shop-Ware’s engineering, support and sales teams.

DENSO Makes 2nd Investment In Ridecell

Participation in Series C financing round signifies DENSO’s increased commitment to mobility.

Ford Pledges $5M To Support The American Center For Mobility

The contribution from Ford brings ACM’s fundraising total to $95 million to develop the 500-acre state-of-the-art testing site in Michigan. The non-profit testing and validation, product development and education facility will open its first phase in December.

Innoviz Technologies Raises $65M As Its Solid-State LiDAR Moves To Mass Production

This round of financing brings Innoviz’s total funding to $74 million.

California Senators Call For More Funding For Clean Trucks And Buses

The legislators said such funding is needed to improve air quality and help reduce toxic emissions along freight corridors and near ports and schools.

Autonomous System Simulation Startup Metamoto Raises $2M

As part of the deal, Motus Ventures will act as strategic adviser for Metamoto, and Robert Seidl, general manager of Motus Ventures, joins Metamoto’s board.