ClearMotion Closes $39M Financing Round
- ClearMotion, a Boston, MA-based software-defined chassis company with the mission to transform the quality of time in motion, raised $39M in funding
- The round was led by NIO Capital with additional investors including BAI Capital, Franklin Templeton, NewView Capital, and Acadia Woods Partners
- The company intends to use the funds for an expected 2024 launch of its CM1 technology, with plans to expand globally
- The company is advancing CM1, its patented high-bandwidth active suspension technology that cancels unwanted motion in the car to improve ride comfort, productivity, and safety via active suspension and proactive road sensing software
- The company was founded out of MIT and has locations in the greater Boston area and Birmingham, UK
