Tech Company Financing Transactions
Optimus Ride Funding Round
On 11/3/2017, Optimus Ride raised $18 million in Series A investment from Greycroft Partners, Emerson Collective and Fraser McCombs Capital.
Transaction Overview
Company Name
Announced On
11/3/2017
Transaction Type
Venture Equity
Amount
$18,000,000
Round
Series A
Investors
Greycroft Partners (Lead Investor) (John Elton)
private investors (Joi Ito)
Proceeds Purpose
The company will immediately use the capital to scale its current vehicle fleet and make strategic hires as well as continue its efforts to educate the market of the potential of fully autonomous driving technology.
Company Information
Company Status
Acquired or Merged
Industry
Transportation
Mailing Address
Undisclosed
Cambridge, MA 02140
USA
Cambridge, MA 02140
USA
Phone
Undisclosed
Website
Email Address
Overview
Optimus Ride Inc. is an MIT spinoff company based in Cambridge, MA that develops self-driving technologies to enable safe, sustainable, and equitable mobility solutions. We are designing a fully autonomous (level 4) system for electric vehicle fleets.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Ryan Chin
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