Funding round
Motional Growth
Reported as "Growth Equity"
Motional, which works in autonomous vehicle technology development in Boston, raised $475M in a Growth round announced on 1 May 2024, led by Hyundai Motor Group. 1 firm took part. It is Motional's second venture round on record; the one before was a Seed in Jan 2016.
$475M
Amount raised
Not disclosed
Post-money valuation
1
Investors
1 lead
Valuation
What this round says about the price
Motional did not disclose a valuation in this round. It came 100 months after Motional's Seed. It is 99% of the $479M Motional has raised in the venture rounds on record. No later venture round is on record for Motional.
Motional's funding rounds
Motional has 2 venture rounds on record. This one is highlighted.
- Seed 28 Jan 2016, led by Signal Ventures $3.6M
- Growth this round 1 May 2024, led by Hyundai Motor Group $475M
Investors
Who put money in
Hyundai Motor Group led the round.
Lead investor
- Hyundai Motor Group new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to product development.
- Product development
Comparable rounds
How it compares
5 Growth rounds in Automobile Dealers & Manufacturers within a year either side disclosed an amount; the median was $52M, and this round was 9.1 times the median. The closest in time, other companies' Growth rounds in Automobile Dealers & Manufacturers:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Automobile Dealers & Manufacturers | 17 Jun 2024 | $13M | not disclosed | not named |
| Automobile Dealers & Manufacturers | 14 Jul 2024 | $52M | $320M | Bessemer Venture Partners |
| Kabisa Automobile Dealers & Manufacturers | 29 Sep 2024 | $2.10B | not disclosed | not named |
| Automobile Dealers & Manufacturers | 13 Feb 2025 | $180M | not disclosed | not named |
| Automobile Dealers & Manufacturers | 11 Feb 2025 | $49M | not disclosed | Magnetar Capital |
Sources
Where this comes from
Reported by 4 sources.
Questions
Frequently asked
How much did Motional raise in its Growth round?
Motional raised $475M in its Growth round, announced in May 2024.
Who led Motional's Growth round?
Hyundai Motor Group led it.
What was Motional's valuation at the Growth round?
It was not disclosed.
How does it compare with other Growth rounds in Automobile Dealers & Manufacturers?
5 Growth rounds in Automobile Dealers & Manufacturers within a year either side disclosed an amount; the median was $52M, and this round was 9.1 times the median.