AutoNeura
Intelligent software to reduce vehicle development costs
Founded in March 2022, AutoNeura is transforming the way vehicle propulsion systems are tested, offering a software solution that reduces development costs and accelerates innovation.
AutoNeura has developed a novel approach of enabling complex testing of vehicle propulsion systems with its proprietary software on widely available hardware. This technology applies equally to electric machines and combustion engines (all fuels including hydrogen) for any form of transport – passenger cars, light goods vehicles, heavy-duty, passenger cars, heavy goods vehicles, two wheelers, marine, aerospace and rail – globally.
AutoNeura enables vehicle manufacturers, institutions, powertrain test providers and hardware manufacturers to significantly reduce cost related to propulsion system development and tests during commissioning and operating phases. This is enabled by utilising intelligent control software which provides faster, cheaper and improved customer bottom line in the value chain of vehicle production.
Highlights
- Working with TDAP mentors, AutoNeura refined its product market fit and honed its go-to-market strategy, whilst also building compelling B2B use-cases that have helped to demonstrate the broad potential of their technology.
- Increased Technology Readiness Level (TRL) from 3 to 8 and expanded the team by hiring three new staff members, whilst successfully securing additional venture capital investment worth £360,000 for their pre-seed round.
- Protection of their IP in the United Kingdom and subsequently expanding IP protection globally.
- Expanded and diversifited their product portfolio due to product market fit analysis during the business development phase.
- Prepared AutoNeura to begin entering new markets in a structured manner due to the business strategy developed with TDAP mentors.