Hyundai-backed Motional buys time with a bridge loan

Autonomous vehicle technology startup Motional has secured a bridge loan that provides a temporary financial reprieve as the company searches for a longer-term source of funding, TechCrunch has learned. Motional CEO Karl Iagnemma told staff in a companywide email viewed by TechCrunch that the company’s board of directors approved the bridge financing. “As I’ve previously […]

© 2024 TechCrunch. All rights reserved. For personal use only.

autonomous autonomous vehicle board board of directors bridge ceo email exclusive financial financing funding hyundai motional staff startup techcrunch technology the company transportation