Malmö-based RemotiveLabs, a company dedicated to empowering automotive engineers with flexible development tools, has raised €900K in its second investment round. This funding will accelerate the company’s innovative approach to Software Defined Vehicles, benefiting automotive software developers.
Per Sigurdson, CEO and co-founder of RemotiveLabs, stated, “We aim to revolutionize how software is built in the automotive industry. Our goal is to enable every automotive software developer to work efficiently in a virtual environment where they can experiment, deploy, and test their software before moving it to the Physical Twin, the vehicle hardware platform.”
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Support from Investors
The investment round saw participation from both existing and new investors. Volvo Cars Tech Fund, Almi Invest, and Truckdoktorn AB, who invested in the initial round in late 2022, were joined by new investors Sandberg Development and S-E-Bankens Utvecklingsstiftelse. These new investors see this funding as part of their strategic focus on software solutions and addressing challenges in the mobility sector.
Empowering Automotive Engineers
Founded in 2020 by Aleksandar Filipov and Per Sigurdson, RemotiveLabs provides modern, flexible tools for automotive software development. The company aims to democratize vehicle software development through modern software patterns, enabling virtualization and collaborative approaches.
RemotiveLabs’ lightweight tools allow software teams to use vehicle virtualization and transition seamlessly between environments. They leverage open standards like Vehicle Signal Specification (VSS), and modern practices such as containerization, gRPC, and cloud collaboration.
Ensuring High-Quality Software
The company emphasizes iterative development to ensure high software quality at production launch. This approach allows early integration testing on developers’ laptops and integration into continuous pipelines for consistent testing throughout the development cycle.
Aleksandar Filipov, founder and CTO of RemotiveLabs, noted, “While standard in other industries, this level of virtualization has been unattainable in the automotive world until now. Virtualizing ECUs and entire vehicle networks significantly enhances the ability to identify and resolve software issues early in the development process.”
With this new funding, RemotiveLabs is poised to drive significant advancements in the automotive software development sector, making the process more efficient and collaborative for engineers.
