Germany-based Hirschvogel Automotive Group’s strategic investment subsidiary Hirschvogel Ventures announced that it will invest over EUR 1 million in Eatron, a developer company renowned for its autonomy and e-mobility products.
The companies also made a strategic collaboration agreement to pursue a goal of “innovation for a safe, clean, and sustainable future in mobility, autonomy, and electrification.”
Founded in the UK by Turkish entrepreneur Umut Genç, Eatron has been planning to use the investment amount for expanding its sales in the European region and for developing or diversifying its product range. The agreement will also help Eatron to get involved in the Hirschvogel New Mobility Ecosystem, through which it will have access to a huge market for its automotive software products.
The statement released by Hirschvogel read,“We are convinced that Eatron’s exceptional experience in the automotive industry, in the automotive-grade software and AI supports us on our way to move up Hirschvogel at the highly innovative mobility products league.”