Point One Navigation raises $10 Million
- ByStartupStory | November 9, 2021
The automobile navigation startup, Point One Navigation recently announced that it raised $10 million in its Series A round of funding. The round was led by UP Partners and also saw active participation from existing investors including BOLT, IA Ventures and Ludlow Ventures.
The company intends to use the recently infused capital to bring its precise tech to all vehicles. The startup aims to penetrate into the micro mobility as well as agriculture sector. The CEO also revealed that Point One Navigation would also be looking forward to expanding its team to include emerging developers.
Founded in 2016, Point One Navigation is a tech based startup that eliminates the problem of centring vehicles as well as allows people to locate their car 10 centimetres from their location. The US based startup has developed an API for precise location detection that can be applied to any vehicle ranging from air taxis to drones and scooters.
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