The Swedish company Terranet leads the financing round at Holoride with an investment of 3.2 million euros and secures 10.84 percent of the shares in the Munich companiesThe Munich-based company is also investing in the American game developer Schell Games, a group of Chinese financial and automotive technology investors, and existing investor Audi. With the raised capital, the startup plans to further expand its team, broaden its offerings, and advance its international focus. The market launch of its VR entertainment product is planned for next year.
“We are delighted that pioneering automotive technology and first-class content development are represented in our new, expanded investor base – as well as our company’s focus markets with strong partners from Europe, China and the USA,”
says Nils Wollny, CEO and co-founder of Holoride.
"The integration of Terranet's technical solutions into our existing tech stack and the associated ability to display the world around the vehicle with extremely low latency will enable us to further enhance the Holoride experience and bring about the next leap in innovation for in-vehicle experiences."
“We are firmly convinced of Holoride’s risk-return investment”
“Since we met Holoride and Nils Wollny at the launch and joint demo with Disney and Audi during CES 2019, we have known that there are great opportunities to collaborate on joint campaigns and product rollouts,”
says Pär-Olof Johannesson, CEO of Terranet.
“As a lead investor and partner, we firmly believe in Holoride’s risk-return investment.”
