![TASARU Invests in Next-Generation Technologies in Mobility Sector](http://media.assettype.com/ajel-english%2F2024-02%2Fa16c7ff4-acd5-4bbe-bf86-5b1255f543fa%2FScreenshot_2024_02_12_131930.jpg?w=480&auto=format%2Ccompress&fit=max)
TASARU Mobility Investments, a Public Investment Fund (PIF) company aimed at boosting the automotive and mobility sector's growth in the Kingdom, said on Sunday that it signed a binding agreement to invest in Croatia-based Project 3 Mobility.
Project 3 Mobility focuses on developing next-generation technology solutions in autonomous mobility. It aims to create an integrated system comprising a self-driving electric vehicle, specialized infrastructure, and a platform for mobility services, including a mobile application.
TASARU CEO Michael Müller said that the agreement “lays a solid foundation for the company's strategy and its ambition to provide essential capital for the expansion of promising companies engaged in developing future technologies”.