What is Drivemode?
Drivemode, now an integral part of the Honda/Acura global brand following its acquisition in 2019, specializes in developing advanced software solutions designed to transform the mobility experience for customers of global automakers. The company is pivotal in Honda's strategy to become a leading vehicle software provider, focusing on creating applications for next-generation electric vehicles and modern software platforms for motorcycles. Drivemode's core mission is to enhance user experiences through the deep integration of software and hardware, collaborating closely with Honda's expert teams to pioneer the future of automotive technology.
How much funding has Drivemode raised?
Drivemode has raised a total of $9.2M across 3 funding rounds:
Other Financing Round
$650K
Angel/Seed
$2M
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 Panasonic, MITSUI SUMITOMO INSURANCE Venture Capital, and Miyako Capital
Key Investors in Drivemode
Panasonic
Panasonic Corporation is a global leader in electronics manufacturing, providing a wide array of products for consumer, business, and industrial applications, with a significant presence in automotive components and solutions.
Miyako Capital
Miyako Capital is an independent venture capital firm that invests in technology development-oriented startups, often leveraging advanced intellectual assets from research institutions, with a focus on creating next-generation industries.
Incubate Fund
Incubate Fund is a venture capital firm dedicated to supporting ambitious entrepreneurs from the early stages, aiming to contribute to economic development and social impact through strategic investments and robust support infrastructure.
What's next for Drivemode?
Following its acquisition by Honda in 2019, Drivemode's trajectory has shifted from traditional venture capital financing to strategic internal development and integration within Honda's global operations. The company's focus on electric vehicles and advanced software platforms for motorcycles positions it to play a crucial role in Honda's transformation into a leading vehicle software provider. Future growth and innovation will likely be driven by internal investment and strategic initiatives within the Honda ecosystem, rather than external funding rounds. Drivemode's continued work on enhancing user experiences through deeply integrated software and hardware will be key to shaping the future of mobility.
See full Drivemode company page
