PRESS RELEASE- Chassis Autonomy welcomes Kongsberg Automotive as a key investor with 20% stake acquisition
Chassis Autonomy has signed an investment agreement with Kongsberg Automotive AS (KA) in which KA acquires a 20% equity stake in Chassis Autonomy. The agreement includes staged call options, with the potential for KA to acquire further equity in the company over the next four years. It also involves a collaboration with KA to drive company growth and maximise market potential.
PRESS RELEASE – Chassis Autonomy enters into a non-binding investment agreement with Kongsberg Automotive to acquire a 20% stake in the company.
Trollhättan, 19 June 2023:
Chassis Autonomy has entered into a non-binding agreement with Kongsberg Automotive AS (KA) where KA will acquire an initial 20% equity stake in Chassis Autonomy
Chassis Autonomy is honoured to have been named ‘Start-Up of the Year’ at the GoTrollhättan Gala 2023 on Friday 27th January 2023.
The GoTrollhättan Gala is a highly esteemed event that recognizes the top business achievements in Trollhättan and celebrates companies and individuals who drive innovation and pave the way for the future.
Chassis Autonomy (CA) has been selected from more than 1,000 European start-ups to receive a share of €470 million in funding. Of the total applicants, 240 were interviewed at the final stage
Chassis Autonomy has now filed a ninth patent to protect our innovative technology. Innovation is our lifeblood and fundamental to our existence as a deep technology company. It is through pure innovation
We are delighted to welcome Thomas Tähkänen to the ever-growing Chassis Autonomy team. Thomas started with us this week, taking on the role of Chief Engineer and becoming a permanent staff member within our Swedish division in Trollhättan.
The first build of CS1.1, our class-leading fail-operational steering actuator is now complete. CS1.1 is the world’s first rack-and-pinion free, steer-by-wire system designed from the ground-up to meet the specific needs of autonomous vehicles.
Chassis Autonomy are proud to have been awarded a fast start grant from Innovate UK, the UK’s Innovation Agency. The grant recognises the unique value and opportunity that our ground-breaking technology offers
We are pleased to announce the signing of a Letter of Intent with global tier 1 supplier Kongsberg Automotive. This agreement signals an intention for a potential long-term commercial collaboration
Today marks the start of an exciting period for the company, as we begin the build of our CS1 actuator. In the coming months, we will be focussing on product development of the system (manufacture and assembly) as well as its launch.