ClearMotion has filed a notice of an exempt offering of securities to raise $38,499,280.00 in New Equity Investment.
According to filings with the U.S. Securities and Exchange Commission, ClearMotion is raising $38,499,280.00 in new funding. Sources indicate as part of senior management President and Chief Executive Officer, Christian Steinmann played a key role in securing the recent investment and it will aid in aggressively expanding the company, as well as broaden and accelerate product development.
About ClearMotion
ClearMotion is a global automotive technology company founded out of MIT in 2009. The company is commercializing the worlds first proactive ride system to improve the quality of time in motion. ClearMotion drives comfort, productivity, performance and safety to new limits for modern vehicle platforms. ClearMotion replaces a car’s shock absorbers with powerful, fast-acting software and actuators that pull/push each wheel, delivering an experience like no other. Much like noise cancellation, proactive motion control does the same for unwanted vibrations that enter the vehicle platform. ClearMotion has invested over a decade in perfecting the mechatronics and software that can now afford extraordinary levels of comfort, productivity, performance and safety that were previously unachievable.
To learn more about ClearMotion, visit http://www.clearmotion.com/
Contact:
Christian Steinmann, President and Chief Executive Officer
617-313-0919
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