Crisalion Mobility is to receive investment of nearly $6 million from CDTI Innovación (Centre for Technology Development and Innovation), under its Innvierte programme, and from Cuyam (Grupo Valdemira).
CDTI Innovación is a Spanish public organisation that falls under Spain's Ministry of Science, Innovation and Universities and supports innovative projects in these areas, offering advice and public funding through subsidies and partially repayable financial support.
"This investment agreement is a major step forward in Crisalion Mobility's growth plan. The company continues to deliver on its roadmap, offering an unrivalled approach to air and ground mobility through strategic technologies that will be crucial to the development of the vehicles of the future. The Spanish government has offered its constant, invaluable backing for innovation, playing a key role in supporting successful projects that contribute to progress in technology and economic prosperity in the field of mobility," says CEO Carlos Poveda.
This investment is a major milestone in Crisalion Mobility's history, reflecting the public administration's recognition of the company. The CDTI, through its Innvierte Economía Sostenible initiative, supports and facilitates financing for technology companies, and CDTI Innovación aids the global expansion of R&D and innovation projects by Spanish companies and organisations. It also manages the participation of Spanish companies in global organisations such as Horizon Europe and Eureka, and in the science and space industry.
Crisalion Mobility continues to roll out its development programme for air and ground mobility solutions that will transform the way people move.