Self-driving startup Drive.ai has raised $15 million in a new funding round, which it will use to open its first overseas office in Singapore.
Investors in the company’s latest funding round include Southeast Asian on-demand transportation firm Grab, which will support Drive.ai in conducting a market assessment as it explores potential opportunities in Singapore.
Drive.ai will also use the funding to expand its team, grow business partnerships and speed up its technological development.
“Self-driving is the global space race of our time, so we've had our eyes set on international deployment since the start,” said Drive.ai CEO Sameep Tandon.
“This focus is reflected in our investor base, with investors from around the world, and now with Grab.
“Grab is an early adopter of autonomous vehicle technology in Singapore, and we are excited to have their support as we open our Singapore office.”
In June, the self-driving tech company announced that it had raised $50 million aimed at boosting its technology development and increasing its global reach and scalability.