Singapore’s MooVita Raises Series A Funding for Urban AVs


November 23, 2021

MooVita Pte Ltd., based in Singapore, has announced a Series A funding round to help expand its autonomous vehicle technology. Investors in the round include 1Derlife Growth and SEEDS Capital. Funding terms were not disclosed.

The company aims to develop driverless software solutions that can be deployed in cities worldwide, through electrification and automation. The company’s component-based software aims to be a cost-effective solution to convert regular cars into self-driving vehicles for applications such as first- and last-mile transportation, logistics transportation, and utility solutions. Founded in 2016, MooVita said it plans to bring its products to Europe while expanding and strengthening its footprint in the Asia-Pacific region.

In Singapore, the market has seen tremendous momentum in electric vehicles, as the country aims to phase out internal combustion engine vehicles and have all vehicles run on cleaner energy by 2040. MooVita said it is in a prime position in the global race to expedite the world’s goals of creating cleaner, safer and more efficient urban transit networks.

“1Derlife Growth is excited to join MooVita’s journey,” said Gregory Lee, principal of 1Derlife Growth. “The electric and autonomous vehicle market has enormous potential. Current estimates suggest the industry will grow at a CAGR [compound annual growth rate] of 22%, hitting $60 billion in 2028. However, I believe it will be much faster than this, thanks to a large and growing consumer and enterprise market. MooVita has demonstrated its strategic position in these two fast-growing segments, and we are sure they will play a pivotal role expanding EV growth in Singapore, Malaysia and beyond.”

“MooVita is pleased to have a successful capital investment round with strategic investors who share our long-term vision and goals of improving urban life,” said Derrick Loh, co-founder of MooVita. “Mr. Gregory Lee of 1Derlife Growth and SEEDS Capital will be significant partners to have on this journey.”

For more details on MooVita and its technologies, visit its website here.

Robotics World News

  • Seed Group and Ryberg Partner to Bring AI-Assisted Disinfection Technology to the Middle East

    Seed Group and Ryberg Partner to Bring AI-Assisted Disinfection Technology to the Middle East

    Netherlands-based Ryberg combines the latest in computer vision, robotics, and infection prevention-technologies to deliver intelligence and efficiency in disinfection. Ryberg has developed Disinfection Robots, which are self-driving disinfection machines. Ryberg’s patented Disinfection Engine makes intelligent disinfection decisions, allowing the robots to disinfect spaces for up to 6 hours—to bring a layer of defense in the… Read More…

  • Wind River and Airbus Collaborate on Certification of Automatic Air-to-Air Refueling (A3R)

    Wind River and Airbus Collaborate on Certification of Automatic Air-to-Air Refueling (A3R)

    Wind River, a global leader in delivering software for mission-critical intelligent systems, announced it has worked with Airbus to support the A330 Multi-Role Tanker Transport (MRTT) aircraft for automatic air-to-air refueling (A3R). The MRTT aircraft is the world’s first tanker to be certified for automatic air-to-air refueling boom operations in daylight. Airbus uses VxWorks 653 for the A330 MRTT… Read More…

Products for Robots & Cobots

  • Jabil, OSRAM, Artilux Develop Next-Generation 3D Camera Prototype

    Jabil, OSRAM, Artilux Develop Next-Generation 3D Camera Prototype

    Manufacturing solutions provider Jabil has announced that its optical design center in Jena, Germany, is currently demonstrating a prototype of a next-generation 3D camera with the ability to operate in both indoor and outdoor environments up to a range of 20 meters. The prototype was the result of a combination of proprietary technologies from Jabil,… Read More…

  • Product Profile: IDS CMOS Sensor IMX273

    Product Profile: IDS CMOS Sensor IMX273

    What is it? IDS cameras can be found in automotive, packaging, printing, and robotics industries, as well as in medical technology, traffic monitoring, security, kiosk systems, and logistics contexts.  The global shutter CMOS sensor IMX273 in the Sony Pregius series offers high image quality, high sensitivity and wide dynamic range. With a resolution of 1.58… Read More…