Conigital awarded £500M for the development of AI-powered driverless vehicles

Conigital, a driverless vehicle startup based in Birmingham, has raised £500 million in Series A+ funding, via a strategic partnership with a global Private Equity infrastructure firm that manages £150 billion in assets.

This funding round marks a watershed moment for Conigital and reaffirms the company’s commitment to reshaping the mobility landscape for future generations and makes the company the most well-funded driverless vehicle startup in the UK and Europe.

Conigital remains steadfast in its dedication to ongoing projects. The company will launch a bridge round of £12 million to supplement existing commitments. This bridge financing ensures continuous progress as Conigital nears the completion of larger funds.

Don Dhaliwal, CEO of Conigital, commented: “Following over a year of discussions, we’re thrilled to secure an offer of £500 million in Series A+ funding. This monumental achievement signifies not only our unwavering commitment to transforming transportation but also the remarkable growth and commercial success we’ve achieved alongside a strong pipeline. This substantial capital infusion will empower us to attract top-tier talent, further develop our partner ecosystem, and execute an ambitious M&A strategy, propelling our expansion on both domestic and international fronts to realise our collective aspirations and exceed investor expectations.”