Hyundai-backed Motional buys time with a bridge loan

This post is by Kirsten Korosec from TechCrunch

Autonomous vehicle technology startup Motional has secured a bridge loan that provides a temporary financial reprieve as the company searches for a longer-term source of funding, TechCrunch has learned. Motional CEO Karl Iagnemma told staff in a companywide email viewed by TechCrunch that the company’s board of directors approved the bridge financing. “As I’ve previously […] © 2024 TechCrunch. All rights reserved. For personal use only.