Zagreb - Project 3 Mobility, a Croatian company pioneering advancements in autonomous urban mobility, proudly announced the successful closure of its Series A investment round on February 6, securing an impressive sum of approximately EUR 100 million from private investors.
In this substantial funding round, Project 3 Mobility (P3) showcased its compelling vision, drawing robust interest and support from prominent global companies and investment funds. The influx of capital sets a sturdy foundation for the company's ongoing evolution and expansion.
TASARU Mobility Investments (TASARU), a subsidiary wholly owned by the prestigious Public Investment Fund (PIF), emerged as a key investor in Project 3 Mobility, marking PIF's inaugural foray into the next-generation technology domain beyond the Kingdom of Saudi Arabia.
Building upon earlier stages of development, Project 3 Mobility had already garnered investments from reputable entities such as Kia, a leading South Korean automaker, as well as strategic support from esteemed organizations like Bulgarian software titan SiteGround, Croatian IT stalwart Infinum, and Rimac Group, renowned for its cutting-edge technology solutions in mobility and energy sectors. Additionally, key players like Neurone, an investment group focused on advanced technologies, and Elaf Auto, a Qatar-based enterprise, underscored their confidence in Project 3 Mobility's transformative potential.
Marko Pejković, CEO of Project 3 Mobility, expressed gratitude for the successful investment round, highlighting the caliber of investors as a testament to the company's vision and team. He emphasized the rigorous processes undertaken to secure both EU grant approval and private capital, affirming the project's value and its promise to revolutionize urban mobility worldwide.
Looking forward, Pejković outlined ambitious plans for the next two years, emphasizing continued efforts to attract private capital in alignment with project implementation needs. With an enthusiastic team poised for the journey ahead, Project 3 Mobility aims to deliver tangible benefits to Zagreb, Croatia, and numerous cities globally through its innovative service.
The newly acquired funds will fuel the advancement of all project components, driving the realization of P3's urban autonomous mobility ecosystem. Moreover, investments will facilitate substantial team growth, laying the groundwork for Project 3 Mobility's sustained progress and impact.
