# ClearMotion

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/clearmotion

- Industry: Software
- Headquarters: Billerica, US
- Website: www.clearmotion.com
- Total disclosed funding: $286M
- Latest round: Series B (May 23, 2023)
- Investors on record: 14

## About

ClearMotion, Inc. is a US-based automotive technology company specializing in advanced suspension systems that enhance vehicle comfort and safety through proactive road response capabilities.Founded in 2009 in Billerica, Massachusetts, ClearMotion, Inc. develops innovative automotive suspension solutions. The company is led by CEO Christian Steinmann, and it has successfully completed 10 deals to date. In its latest round of funding, which occurred in January 2024, ClearMotion raised USD 4.00 mn in Series B funding.ClearMotion's core product is its advanced suspension system, known as the CM1, which utilizes a combination of cutting-edge hardware and innovative software to deliver a fully proactive suspension experience. This system is designed to respond instantaneously to varying road conditions, enhancing ride comfort and safety for passengers. ClearMotion's technology is aimed at automotive manufacturers across various vehicle types, including passenger cars and commercial vehicles, focusing on markets in North America, Europe, and Asia. The ultimate beneficiaries of ClearMotion's technology are drivers and passengers who experience a smoother, safer ride, while manufacturers use this innovative solution to enhance their vehicle offerings.ClearMotion generates revenue primarily through partnerships with automotive manufacturers who integrate the CM1 suspension system into their vehicles. Transactions typically occur on a B2B basis, with manufacturers purchasing licenses for the technology and possibly entering into subscription agreements for ongoing support and software updates. The pricing model may include one-time fees for hardware installation, accompanied by recurring charges for access to the RoadMotion cloud API, which provides essential data and analytics for vehicle performance. ClearMotion's flagship product, the CM1 suspension system, combined with its cloud-based services, positions the company uniquely in the automotive technology sector.In January 2024, ClearMotion, Inc. raised USD 4 mn in Series B funding to support its growth strategy. The company plans to enhance its CM1 suspension system further with the development of new features that will be released in the coming years. ClearMotion aims to expand its market presence in Europe and Asia by 2025, leveraging its new funding to facilitate entry into these regions and strengthen partnerships with local automotive manufacturers.

## Funding rounds

- Series B, May 23, 2023, $32M — Acadia Woods Partners, BAI Capital, NIO Capital, Liberty Street Advisors, NewView Capital
- Series A, Sep 7, 2022, $39M — Acadia Woods Partners, BAI Capital, Franklin Templeton, NIO Capital, NewView Capital
- Series D, Dec 21, 2018, $115M — Microsoft, Qualcomm Ventures, Bridgestone Americas Retirement Plan, AARP Employees’ Pension Plan, Franklin Templeton, World Innovation Lab, Eileses Capital, NewView Capital
- Series C, Feb 1, 2017, $100M — New Enterprise Associates, JP Morgan Asset Management, Qualcomm Ventures, World Innovation Lab, Eileses Capital

## Investors

- New Enterprise Associates (https://capitalatlas.ai/funds/new-enterprise-associates) — Series C
- JP Morgan Asset Management (https://capitalatlas.ai/funds/jp-morgan-asset-management) — Series C
- Qualcomm Ventures (https://capitalatlas.ai/funds/qualcomm-ventures) — Series C, Series D
- World Innovation Lab — Series C, Series D
- Eileses Capital (https://capitalatlas.ai/funds/eileses-capital) — Series C, Series D
- Microsoft — Series D
- Bridgestone Americas Retirement Plan — Series D
- AARP Employees’ Pension Plan — Series D
- Franklin Templeton (https://capitalatlas.ai/funds/franklin-templeton) — Series D, Series A
- NewView Capital (https://capitalatlas.ai/funds/newview-capital) — Series D, Series A, Series B
- Acadia Woods Partners (https://capitalatlas.ai/funds/acadia-woods-partners) — Series A, Series B
- BAI Capital (https://capitalatlas.ai/funds/bai-capital) — Series A, Series B
- NIO Capital (https://capitalatlas.ai/funds/nio-capital) — Series A, Series B
- Liberty Street Advisors — Series B