Transaction Announcement
November 6, 2014. Billerica, MA. ClearMotion, an automotive technology company developing the world’s first digital chassis, has received a minority investment from NEA, a global technology investor.
Innovation in the car business is ramping dramatically, and we see an opportunity to make our mark upon it. Self-driving functionality mandates a future in which cars afford not just driving pleasure, but the utility of a mobile office. We are focused about the quality of time in autos and how we transform it by digitizing our relationship to the road, allowing software to control the dynamics of the car. We are excited to work with leading automakers and Tier-1 suppliers in making this a reality.
Shakeel Avadhaney, Co-Founder and CEO, ClearMotion