Delta Electronics, Shanghai motors and an undisclosed additional strategic investor have supplied series A capital for connected car safety technology company Savari.
US-based smart car sensor technology developer Savari has raised $8m in series A funding from the corporate venture capital arms of electronic component producer Delta Electronics and automotive manufacturer Shanghai Motors.
An undisclosed strategic investor also participated in the round alongside Delta Electronics Capital Company and SAIC Capital.
Savari’s strategy is to roll out its safety communication technology to manufacturers and suppliers of connected cars as well as smart city projects around the world. It intends to use the funding…
