Tech Company M&A Transactions
Optimus Ride Acquisition
Headquartered in Cambridge, Optimus Ride was acquired by Magna International. No transaction price was released.
Transaction Overview
Company Name
Acquired By
Announced On
1/11/2022
Transaction Type
M&A
Amount
Unknown
M&A Terms
TechCrunch reported that Magna acquired the technology, IP and assets of Optimus Ride. As part of the transaction, Magna hired more than 120 employees of Optimus Ride. Financial terms were not disclosed.
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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We do our best to record every notable VC transaction. VC transactions reported here are sourced from news reports and company announcements. The data is sourced from VentureDeal.com, an affiliated venture.
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