{"id":72538,"date":"2021-04-27T16:21:00","date_gmt":"2021-04-27T14:21:00","guid":{"rendered":"https:\/\/cms.munich-startup.net\/?p=72538"},"modified":"2024-07-11T10:13:31","modified_gmt":"2024-07-11T08:13:31","slug":"10-million-for-vr-entertainment-startup-holoride","status":"publish","type":"post","link":"https:\/\/cms.munich-startup.net\/en\/72538\/10-million-for-vr-entertainment-startup-holoride\/","title":{"rendered":"10 million for VR entertainment startup Holoride"},"content":{"rendered":"
\n

The Swedish company Terranet leads the financing round at Holoride with an investment of 3.2 million euros and secures 10.84 percent of the shares in the Munich companies<\/a>The Munich-based company is also investing in the American game developer Schell Games, a group of Chinese financial and automotive technology investors, and existing investor Audi. With the raised capital, the startup plans to further expand its team, broaden its offerings, and advance its international focus. The market launch of its VR entertainment product is planned for next year.<\/p>\n\n\n\n

\n

\u201cWe are delighted that pioneering automotive technology and first-class content development are represented in our new, expanded investor base \u2013 as well as our company\u2019s focus markets with strong partners from Europe, China and the USA,\u201d <\/p>\n<\/blockquote>\n\n\n\n

says Nils Wollny<\/strong>, CEO and co-founder of Holoride. <\/p>\n\n\n\n

\n

"The integration of Terranet's technical solutions into our existing tech stack and the associated ability to display the world around the vehicle with extremely low latency will enable us to further enhance the Holoride experience and bring about the next leap in innovation for in-vehicle experiences."<\/p>\n<\/blockquote>\n\n\n\n

\u201cWe are firmly convinced of Holoride\u2019s risk-return investment\u201d<\/h2>\n\n\n\n
\n

\u201cSince we met Holoride and Nils Wollny at the launch and joint demo with Disney and Audi during CES 2019, we have known that there are great opportunities to collaborate on joint campaigns and product rollouts,\u201d <\/p>\n<\/blockquote>\n\n\n\n

says P\u00e4r-Olof Johannesson<\/strong>, CEO of Terranet. <\/p>\n\n\n\n

\n

\u201cAs a lead investor and partner, we firmly believe in Holoride\u2019s risk-return investment.\u201d<\/p>\n<\/blockquote>\n<\/div>","protected":false},"excerpt":{"rendered":"

Holoride develops virtual reality entertainment for car passengers. The Munich-based startup has completed its Series A financing round of \u20ac10 million. The company's post-money valuation is \u20ac30 million.<\/p>","protected":false},"author":26,"featured_media":58921,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[5633,1],"tags":[52,3900],"acf":[],"yoast_head":"\n10 Millionen f\u00fcr VR-Entertainment-Startup Holoride - Munich Startup<\/title>\n<meta name=\"description\" content=\"Holoride entwickelt VR-Unterhaltung f\u00fcr Autopassagiere. 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