ClearMotion has received a minority investment from NEA

ClearMotion, an automotive technology company developing the world’s first digital chassis, has received a minority investment from NEA, a global technology investor.

• ClearMotion’s “digital chassis” technology replaces traditional automotive shock absorbers with software-controlled actuators
• Proprietary software algorithms have enabled the commercial viability of the system while maintaining dramatic gains in performance

About ClearMotion

ClearMotion is a venture-backed automotive technology startup based in the Boston area. The company was founded out of the Massachusetts Institute of Technology and is focused on launching the world’s first digital chassis to usher in next-generation user experience for autos. ClearMotion is led by an experienced team and backed by marquee investors.

About NEA

New Enterprise Associates, Inc. (NEA) is a global venture capital firm focused on helping entrepreneurs build transformational businesses across multiple stages, sectors and geographies. With nearly $17 billion in cumulative committed capital since inception, NEA invests in technology and healthcare companies at all stages in a company’s lifecycle, from seed stage through IPO. The firm’s long track record of successful investing includes more than 200 portfolio company IPOs and more than 320 acquisitions.