Riyadh, February 12, 2024, TASARU Mobility Investments, a subsidiary of the Public Investment Fund (PIF) dedicated to advancing the automotive and mobility sector within the Kingdom, announced on Sunday that it has entered into a binding agreement to invest in Croatia-based Project 3 Mobility.
Project 3 Mobility is dedicated to pioneering next-generation technology solutions in autonomous mobility. Their objective revolves around the development of an integrated system that encompasses a self-driving electric vehicle, specialized infrastructure, and a comprehensive platform for mobility services, including a mobile application.
Michael Müller, CEO of TASARU, emphasized that this agreement marks a significant milestone for the company's strategic vision. He highlighted the importance of providing essential capital to support the expansion of promising companies involved in the development of future technologies. This move underscores TASARU's commitment to driving innovation and growth within the automotive and mobility sector.
