HomeFundingConnected Car: Berlin-based High Mobility closes 7-digit seed funding round

Connected Car: Berlin-based High Mobility closes 7-digit seed funding round

High Mobility, the Berlin-based startup which is specialized in the development of software for connected cars, has today closed its seed funding round with a 7-digit investment to finance further expansion of the business.

The fresh capital will be used on development, sales and quality assurance along with an extension of electro-mobility products. High Mobility founders Kevin Valdek and Risto Vahtra attracted as principal investors a consortium of business angels headed by Fabian von Kuenheim, but they could also win the Berlin based venture capital firm IBB Bet. as an investor in this round.

High Mobility, which was founded in 2013, connects cars with applications around them – directly, securely and offline. Their technology enables a multitude of application scenarios to be realized such as keyless access control, personalization settings and communicating with infrastructure, e.g. charging poles (electric cars) or car parks (payment machines). The integration of smartphones or other mobile devices (such as wearables) is also simple and secure. High Mobility’s technology distinguishes itself from existing solutions by not requiring an internet connection. Services can therefore be offered where mobile networks are restricted such as in underground garages and car parks.

The High Mobility’s platform enables car makers as well as independent developers to quickly and flexibly launch new ideas and to provide them to customers as apps. For car makers, the platform serves as an interface for innovation, which accelerates the speed of new business models and services into connected cars. For developers, the platform serves as a direct and secure entry point to bring their applications and services into the market of connected cars.

Risto Vahtra, the CEO of High Mobility, stated: “The automotive industry is facing major and exciting challenges. The connected car will fundamentally change mobility as we know it. High Mobility is to be a major part of this. We are really happy to have found top investors to help us on our way”.

Thomas Ohr
Thomas Ohr
Thomas Ohr is the "Editor in Chief" of EU-Startups.com and started the blog in October 2010. He is excited about Europe's future, passionate about new business ideas and lives in Barcelona (Spain).

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