Warwick automotive AI Software start-up raises more than a million Euros
A leading developer of of AI-powered software products for autonomy and e-mobility, has secured €1M+ investment from Hirschvogel Ventures – the strategic investment arm of the Hirschvogel Automotive Group - one the largest international automotive suppliers in steel and aluminum forging.
Eatron will also collaborate with Hirschvogel to develop sustainable innovations in mobility, autonomy, and electrification.
The investment will be used to accelerate further product development of existing and new autonomy and e-mobility products as well as to support further sales growth in Europe and globally of Eatron which already has customers across three continents. Eatron will get access to the Hirschvogel New Mobility Ecosystem, consisting of highly-specialised companies within the new mobility sector. Together with these companies, Eatron will increase its ability to supply ready-for-assembly software-hardware solutions.
“We are living through a historical shift in the industry where now software is the main driver for innovation” said Dr Umut Genc, co-founder and CEO of Eatron. “Software in this industry has remained static and rule based for far too long. Our mission is to speed up the transformation by providing intelligent, yet safe, AI powered software building blocks for any vehicle needing BMS or autonomy. We are therefore delighted to have Hirschvogel join us in this exciting and challenging journey.”
Hirschvogel Ventures Co-CEO Dr. Thomas Brücher said: “We are convinced that Eatron’s exceptional combination of decades of combined experience in the automotive industry together with their leading expertise in automotive-grade software and AI supports us on our way to further position Hirschvogel at the top of the race to highly innovative mobility products. We are very happy to welcome Eatron as part of our New Mobility Ecosystem.”
Eatron Technologies is a rapidly growing technology start-up head-quartered in Warwick with a strong R&D centre in Istanbul (Turkey). It develops and offers licenses for its unique software to OEMs and Tier-1s worldwide.
Founded by automotive industry veterans in 2018, the company has received over €2M of seed funding to date from Turkey-based ACT Venture Partners as well as Hirschvogel Ventures.
