How Much Did Drivemode Raise?
Funding & Key Investors

Drivemode has established itself as a pivotal force in the automotive software sector, securing a cumulative capital infusion of $9.2M throughout its growth trajectory. The company's financial history reflects a steady progression from early-stage development to a major strategic investment of $6.5M, which served as a catalyst for its eventual integration into the global Honda ecosystem. This capital trajectory underscores the firm's transition from a niche mobility application developer to a core component of Honda's digital transformation strategy.

By leveraging these successive rounds of financing, Drivemode has successfully scaled its operations to address the complex software requirements of modern, connected, and electric vehicles. The firm's ability to attract diverse institutional backing highlights its unique position at the intersection of consumer-facing mobile technology and industrial-grade automotive engineering.

What is Drivemode?

Drivemode
SoftwareMobile App Development

Drivemode operates as a specialized software development entity focused on redefining the future mobility experience. Originally founded in 2014, the company provides sophisticated software solutions that bridge the gap between consumer electronics and automotive hardware. Following its acquisition by Honda in 2019, Drivemode has pivoted its focus toward developing next-generation applications for electric vehicles and modern software platforms for motorcycles. By integrating deeply with Honda's global engineering teams, the company is instrumental in transforming traditional vehicle manufacturing into a software-defined mobility model, ensuring that global automakers can deliver seamless, user-centric digital experiences to their customers.

How much funding has Drivemode raised?

Drivemode has raised a total of $9.2M across 3 funding rounds:

2014

Other Financing Round

$650K

Angel/Seed

$2M

2017

Series A

$6.5M

Other Financing Round (2014): $650K with participation from Sunny Sugaya

Angel/Seed (2014): $2M led by Incubate Fund

Series A (2017): $6.5M supported by MITSUI SUMITOMO INSURANCE Venture Capital, Miyako Capital, and Panasonic

Key Investors in Drivemode

Incubate Fund

A venture capital firm dedicated to supporting ambitious entrepreneurs from the early stages of their challenges, focusing on building support infrastructure to maximize startup growth.

MITSUI SUMITOMO INSURANCE Venture Capital

The venture capital arm of a major insurance group, investing across diverse sectors including real estate, healthcare, and energy to foster industrial innovation.

Miyako Capital

An independent private venture capital firm that leverages advanced intellectual assets from research institutions to support technology-oriented startups in the seed to middle stages.

What's next for Drivemode?

With the backing of major strategic partners and its current status as a key subsidiary of the Honda/Acura brand, Drivemode is positioned to lead the next wave of automotive innovation. The strategic focus moving forward involves the deployment of advanced software architectures that support the rapid electrification of the global vehicle fleet. As the industry shifts toward software-defined vehicles, Drivemode's role in creating scalable, secure, and intuitive interfaces will be critical. The company is expected to continue its expansion into new mobility segments, utilizing its deep integration with Honda to set new benchmarks for user experience in the electric vehicle market, while simultaneously exploring new frontiers in motorcycle connectivity and autonomous-ready software platforms.

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Frequently Asked Questions Regarding Drivemode Financial Insights

What are the most recent funding rounds that Drivemode has completed, and what were the funding rounds?
Drivemode has recently completed 3 funding rounds: Series A on Mar 22, 2017, Angel/Seed on Dec 10, 2014, Other Financing Round on Jan 6, 2014.
What is the total amount of funding Drivemode has raised to date?
Drivemode has raised a total of $9.2M in funding to date.
How many funding rounds has Drivemode completed?
Drivemode has completed 3 funding rounds.
How much funding did Drivemode raise in its most recent funding round?
Drivemode raised $6.5M in its most recent funding round.
Who are the lead investors in Drivemode's latest funding round?
The lead investor in Drivemode's latest funding round was MITSUI SUMITOMO INSURANCE Venture Capital. To access investor data and explore similar companies, sign up for ZoomInfo.
Which was the largest funding round in Drivemode's history?
The largest funding round in Drivemode's history was $6.5M.
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