Motional

Develops fully driverless robotaxis for urban transport

Boston, Massachusetts, United States

About Motional

Motional develops fully driverless vehicles, specifically robotaxis, aimed at transforming urban transportation. Their all-electric robotaxis are designed to navigate complex city environments safely and efficiently. Motional partners with ride-hailing and delivery services, providing them with advanced autonomous vehicle technology to enhance their operations and reduce costs. A unique aspect of Motional's service is its Command Center, which allows for real-time tracking of each robotaxi, enabling human agents to monitor performance and ensure passenger safety. Unlike many competitors, Motional focuses on integrating its vehicles into existing mobility networks, making driverless technology accessible and reliable. The company's goal is to make autonomous vehicles a safe and integral part of urban transportation.

Boston, MassachusettsHeadquarters
2020Year Founded
$5,000MTotal Funding
GROWTH_EQUITY_NON_VCCompany Stage
Robotics & Automation, Automotive & TransportationIndustries
1,001-5,000Employees

Benefits

401K: 401K with up to 7.5% match
time Off: Unlimited sick and vacation days
Transportation: Commuter and fitness benefits
Healthcare: 3 plan options to support diverse needs
IVF: Fertility assistance

Risks

Motional laid off 550 employees, indicating financial and operational challenges.
Aptiv reduced its stake in Motional, impacting operational capabilities.
Delays in autonomous vehicle deployment to 2026 could hinder market entry plans.

Differentiation

Motional offers a state-of-the-art Command Center for real-time robotaxi tracking.
The company focuses on all-electric, driverless robotaxis for urban environments.
Motional partners with ride-hailing services to integrate autonomous vehicles into their operations.

Upsides

Motional raised $475 million from Hyundai, indicating strong financial backing.
Partnerships with Uber and Shake Shack expand Motional's market reach in delivery services.
Increased investment in robotics highlights potential funding opportunities for Motional.

Funding

Total raised$5.00 B
StageGROWTH_EQUITY_NON_VC
SECONDARY
4/30/2024
$443
GROWTH EQUITY NON VC
4/30/2024
$475