TTTech Computertechnik AG announced that it will raise 250,000,000 in a round of funding on February 3, 2022. The transaction will involve participation from new investor Aptiv PLC for 200,000,000 and returning investor AUDI AG for 50,000,000. The round is raised at a valuation of more than $1,000,000,000 (885,200,000).
The transaction is subject to regulatory approval and is expected to close within the next two months.