Malmö-based startup RemotiveLabs has raised €900K from Volvo Cars Tech Fund, Almi Invest and private investor Anette Saleskog. The startup provides modern, lightweight and easy-to-use tooling for automotive developers. The funding will feed their mission to scale internationally and accordingly for the development of the platform.
RemotiveLabs was founded in 2020 at Minc the startup house of Malmö with a vision to democratize software development in the automotive industry. Remotive Labs enables automotive OEMs to take full ownership of their software development while allowing engineers to utilize the processes and languages of their choice.
“Speed and quality in software development is defined by iteration” says Aleksandar Filipov, Founder and CTO and adds: “Yet in the automotive industry software engineers are hindered by traditional processes, outdated tooling and by a hardware-centric approach requiring physical access to the electromechanical parts”.
The new funding will be used to continue to develop the platform and to grow awareness in the global marketplace.
“The status quo tooling is not only expensive, but also hindering innovation and lowering productivity. We see a great response to what we’ve built so far and now we are set to grow a global community with a developer-first mindset to software in automotive” adds Per Sigurdson, Co-Founder & CEO.
RemotiveLabs has built a strong momentum in a short period of time with platform growth through word-of-mouth. Use cases include simplifying early-stage design verification, enabling more efficient collaboration with partners as well as simplifying continuous software integration.
“Today, Volvo cars are increasingly defined by software-driven functions. RemotiveLabs provides one of the innovative tools supporting the real-time communication between our cars and virtual environments to help accelerate our software development,” comments Patrik Bengtsson, Head of Software Platform at Volvo Cars.
Software is transforming the competitive landscape in automotive. Several strong trends including autonomous vehicles, connectivity, electrification and shared mobility further add complexity. Original Equipment Manufacturers (OEMs) rely on software innovation while adhering to industry’s traditional and long-established value chains.
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