TTTech Auto AG announced it will receive 250,000,000 in an equity round of funding on February 3, 2022. The transaction will include participation from new investor, Aptiv PLC for 200,000,000 and existing investor, AUDI AG for 50,000,000. The company has received the funds at a post money valuation of more than 873,900,000 ($1,000,000,000).
The transaction is subject to regulatory approval and is expected to close within the next two months.