Malmo-based autotech RemoviteLabs has secured €900,000 to further expand the company's strategy to assist automotive software developers in advancing the transition to software-defined vehicles. The investment saw participation from Volvo Cars Tech Fund, Almi Invest, Truckdoktorn AB, Sandberg Development, and S-E-Bankens Utvecklingsstiftelse.
- Founded in 2020, RemoviteLabs offers advanced tools tailored for software development in the automotive industry. Their lightweight solutions enable software teams to utilize vehicle virtualization and effortlessly transition between environments.
- RemoviteLabs also facilitates early integration testing directly on developers' laptops and ensures these tests can be executed in continuous integration pipelines as well.
- In 2022, the startup raised €900,000 to further develop its software platform and scale internationally. The investment came from Volvo Cars Tech Fund, Almi Invest, and private investor Anette Saleskog.
Details of the deal
- The current funding round saw participation from existing investors, including Volvo Cars Tech Fund, Stockholm-based VC Almi Invest, and Truckdoktorn AB. New investors Sandberg Development and S-E-Bankens Utvecklingsstiftelse also joined the round.
- With the fresh capital, RemoviteLabs plans to strengthen its transformative strategy to help automotive software developers accelerate the transition to software-defined vehicles.
“We’ve set out to transform how software is built in the automotive industry. Our target is to enable each and every automotive software developer to get-stuff-done in a virtual environment, where they can experiment, deploy and test their software, and then move the well-worked-through software to the Physical Twin (the vehicle hardware platform),” CEO and co-founder at RemoviteLabs, Per Sigurdson, stated.
