About RemotiveLabs
RemotiveLabs is a company based in Malmo (Sweden) founded in 2019 by Aleksandar Filipov and Per Sigurdson.. RemotiveLabs has raised $1.87 million across 2 funding rounds from investors including Volvo Cars, Almi and Sandberg Development. RemotiveLabs offers products and services including RemotiveCloud, RemotiveTopology, and RemotiveBroker. RemotiveLabs operates in a competitive market with competitors including Rajd SysTech, PlaxidityX, iASYS, Raiqon and Driverly, among others.
- Headquarter Malmo, Sweden
- Founders Aleksandar Filipov, Per Sigurdson
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Sectors
Transportation, Automotive & Logistics
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Remotive Labs Ab
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$1.87 M (USD)
in 2 rounds
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Latest Funding Round
$970.47 K (USD), Seed
Jun 13, 2024
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Investors
Volvo Cars
& 4 more
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Employee Count
Employee Count
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Products & Services of RemotiveLabs
RemotiveLabs offers a comprehensive portfolio of products and services, including RemotiveCloud, RemotiveTopology, and RemotiveBroker. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Facilitates collaboration for automotive software development and testing.
Enables access to signal data for vehicle software environments.
Supports building and testing automotive ECU software rigs.
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Funding Insights of RemotiveLabs
RemotiveLabs has successfully raised a total of $1.87M across 2 strategic funding rounds. The most recent funding activity was a Seed round of $970.47 thousand completed in June 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Seed — $970,470
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First Round
First Round
(08 Nov 2022)
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2024 | Amount | Seed - RemotiveLabs | Valuation |
investors |
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| Nov, 2022 | Amount | Seed - RemotiveLabs | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in RemotiveLabs
RemotiveLabs has secured backing from 5 investors, including institutional and venture fund investors. Prominent investors backing the company include Volvo Cars, Almi and Sandberg Development. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Investments are provided by Almi in seed to growth-stage startups.
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Founded Year | Domain | Location | |
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Sandberg Development is engaged in active ownership of innovation-driven companies.
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Founded Year | Domain | Location | |
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Automobiles and related products are manufactured by Volvo Cars.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by RemotiveLabs
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - RemotiveLabs
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Remotivelabs Comparisons
Competitors of RemotiveLabs
RemotiveLabs operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Rajd SysTech, PlaxidityX, iASYS, Raiqon and Driverly, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Proving ground management systems are developed for vehicle testing.
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| domain | founded_year | HQ Location |
Automotive cyber security solutions are provided for vehicle fleet protection.
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| domain | founded_year | HQ Location |
Testing and data management platforms are provided for automotive dealers.
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| domain | founded_year | HQ Location |
AI platform automates automotive R&D processes like requirements and testing.
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| domain | founded_year | HQ Location |
Driving habits are monitored via AI-powered insurance app.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Remotivelabs
Frequently Asked Questions about RemotiveLabs
When was RemotiveLabs founded?
RemotiveLabs was founded in 2019 and raised its 1st funding round 3 years after it was founded.
Where is RemotiveLabs located?
RemotiveLabs is headquartered in Malmo, Sweden.
Who is the current CEO of RemotiveLabs?
Per Sigurdson is the current CEO of RemotiveLabs. They have also founded this company.
Is RemotiveLabs a funded company?
RemotiveLabs is a funded company, having raised a total of $1.87M across 2 funding rounds to date. The company's 1st funding round was a Seed of $898.13K, raised on Nov 08, 2022.
What does RemotiveLabs do?
Provider of software development tools for automotive engineering and testing. The platform facilitates in-vehicle development, test rig integration, and cloud collaboration. It offers solutions for Android Automotive development and prototyping. The tooling aims to simplify access to signal data, promote transparency, and enable agile software practices. The platform supports continuous feedback and iterative development for automotive software projects.
Who are the top competitors of RemotiveLabs?
RemotiveLabs's top competitors include Driverly, PlaxidityX and iASYS.
What products or services does RemotiveLabs offer?
RemotiveLabs offers RemotiveCloud, RemotiveTopology, and RemotiveBroker.
Who are RemotiveLabs's investors?
RemotiveLabs has 5 investors. Key investors include Volvo Cars, Almi, Sandberg Development, Truckdoktorn AB, and S-E-Bankens Utvecklingsstiftelse.