Motional
Driverless technology built for safe, reliable robotaxi deployment
Autonomous
📍 Boston, MA
Founded 2020
Current Valuation
$28B
as of 2025-Q3
DECACORN
Motional is a driverless technology company developing autonomous vehicles for ride-hailing and delivery, originally a joint venture between Hyundai Motor Group and Aptiv. After Aptiv divested in 2024, Hyundai recapitalized the business and Motional now operates as a Hyundai-controlled subsidiary headquartered in Boston.
Company Profile
Growth
Reduced scope after 2024 Aptiv exit; Hyundai-funded R&D
Last Round
Strategic investment — $475M (Aug 2025) · Lead: Hyundai Motor Group
IPO Status
no imminent plans
Fundraising Status
Strategic investment · $475M · 11 mo ago
no imminent plansTotal raised $4.0B
Latest Funding Round
| Round | Amount | Date | Lead Investor | Post-Money |
|---|
| Strategic investment | $475M | Aug 2025 | Hyundai Motor Group | — |
Founders & Key People
Karl Iagnemma
Investors
Hyundai Motor Group · Aptiv (historical)
Products
- IONIQ 5 robotaxi
- Driverless L4 stack
Competitors
Waymo · Cruise · Zoox · Pony.ai
AutonomousRobotaxiHyundai
Private-company numbers are not real-time. Reflects publicly disclosed valuations from press releases, news reports, and tender offers as of 2025-Q3. Refreshed quarterly.