Private Equity News uk Private Equity News europe Conigital Secures m Series A Becomes UK and Europes Best Funded Driverless Vehicle Startup

Conigital Secures £500m Series A+, Becomes UK and Europe’s Best-Funded Driverless Vehicle Startup

Conigital, a British driverless vehicle company, has secured a £500 million Series A+ funding in a strategic partnership with a global private equity infrastructure firm, managing £150 billion in assets.

This investment combines equity and debt, positioning the company as the highest-funded driverless vehicle startup in the UK and Europe.

Conigital is developing a full-stack “Lift and Shift” driverless vehicle platform ConICAV™ for any vehicle type. It retrofits and custom-builds driverless vehicles for industrial and commercial fleets for various use cases.

Conigital Secures m Series A Becomes UK and Europes Best Funded Driverless Vehicle Startup

Image: Conigtal

The company’s pioneering remote monitoring and teleoperation platform complements a hybrid explainable AI and simulation-first approach, which ensures scalability and rapid iteration.

Conigital’s platform facilitates early commercialisation within closed and semi-closed environments such as airports, ports, logistic yards, industrial sites, and smart campuses.

The company is operational in Australia, Brazil, and India.

This substantial capital infusion will empower Conigital to attract top-tier talent, further develop its partner ecosystem, and execute an ambitious M&A strategy, propelling its expansion on both domestic and international fronts to realise its collective aspirations and exceed investor expectations.

Conigital has also formed strategic academic alliances with a range of academic institutions, including Coventry University, University of Essex, and Queensland University of Technology.

It collaborates with AWS and BT, who provide cutting-edge cloud and 5G communications infrastructure.

The company will initiate a bridge round of £12 million to bolster its existing commitments. This bridge financing safeguards uninterrupted progress as Conigital approaches the finalisation of larger funds.

Conigital’s platform aims to maximise fleet productivity, efficiency, and safety. Its technology is suitable for various use cases, including logistics, transportation, and smart cities.

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