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Envisics gets new backing for its holographic head-up display technology

Futurride · 2023-03-08 23:45 · 0 claps · 1.1 min read
#ar #ar-hud #augmented-reality #cadillac
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Envisics gets new backing for its holographic head-up display technology

Long-term investors Hyundai Mobis, GM Ventures, and Tarsadia Investments are joined by Jaguar Land Rover’s InMotion Ventures and Stellantis Ventures as new strategic shareholders for the innovative dynamic holographic technology company, helping it accelerate the pace of product development and delivery. **Envisics announced today receiving over $50 million as part of its Series C strategic funding round led by Hyundai Mobis, a strategic investor from the Series B round in 2020. Additional investments from new strategic shareholders InMotion Ventures, the investment arm of Jaguar Land Rover, and Stellantis**. Envisics’ holographic technology enables market-leading AR HUD (augmented reality head-up displays) technology that is becoming a key differentiating brand feature for automakers.

“Since our Series B funding round, we have focused on growing Envisics into a key enabler for next-generation mobility experiences,” said Envisics’ CEO and Founder, Dr. Jamieson Christmas. “The caliber of our investors demonstrates the significance attached by global automakers to the transformation of vehicle interfaces and interior architectures. Our solutions are an exceptional fit for OEM requirements and provide platforms that enable the creation of unique brand experiences.”

Envisics Ltd. is a private company registered and headquartered in the U.K. and owned by Envisics Inc., a Delaware corporation. Following the Series C financing round, the company’s ownership structure includes strategic investors Tarsadia Investments, GM Ventures, Hyundai Mobis, Stellantis Ventur Click on the link below to read the full post online.


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