RemotiveLabs funding news – Malmö-based RemotiveLabs Secures €900K in its Second Investment Round

The funding is sought to further enhance the company’s unique transformative approach to help automotive software developers speed up the path to Software Defined Vehicles.

RemotiveLabs’ lightweight tooling allows software teams to leverage vehicle virtualization and seamlessly switch between environments using open standards such as the Vehicle Signal Specification (VSS) and modern practices such as containerization, gRPC, and cloud collaboration.

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An iterative approach throughout the entire development cycle is crucial to have the software quality in place at the start of production. RemotiveLabs enables early integration testing on every developer’s laptop and allows the same tests to be run in continuous integration pipelines.

RemotiveLabs’ founder and CTO Aleksander Filipov said, “This is standard in other industries but has so far been unattainable in the automotive world, Virtualizing ECUs and entire vehicle networks significantly increase the ability to find and resolve a majority of software issues early on”.

The investment round includes both new and previous investors. Volvo Cars Tech Fund, Almi Invest and Truckdoktorn AB were part of it’ first round at the end of 2022. RemotiveLabs is being recognized as one of the key enablers within Volvo Cars and other automotive OEMs and tech companies to set developers up for success.

New investors Sandberg Development and S-E-Bankens Utvecklingsstiftelse see this investment as part of an increased focus on software solutions within their respective portfolios as well as the need to address software challenges and opportunities in the mobility sector.

RemotiveLabs’ CEO and co-founder, Per Sigurdson, highlights the company’s distinctive developer-centric approach: “We’ve set out to transform how software is built in the automotive industry. Our target is to enable each and every automotive software developer to get-stuff-done in a virtual environment, where they can experiment, deploy and test their software, and then move the well-worked-through software to the Physical Twin (=the vehicle hardware platform)”.

About RemotiveLabs

RemotiveLabs empowers automotive engineers by providing modern and flexible tools for software development. The company was founded in 2020 with a vision to democratize vehicle software development through modern software patterns, unlocking virtualization & collaborative approaches.