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Project 3 Mobility raises 100 million euros

by Pieter Werner

Project 3 Mobility, a Croatian company specializing in urban autonomous mobility, announced the successful completion of its Series A funding round, accumulating approximately 100 million euros from private investors. This marks a notable advancement for the company, which is engaged in creating an autonomous electric vehicle, specialized infrastructure, and a mobility service.

TASARU Mobility Investments, owned by the Public Investment Fund, has made a strategic investment in Project 3 Mobility. This investment signifies TASARU’s inaugural venture into next-generation technology and its first outside of Saudi Arabia.

Project 3 Mobility has previously garnered support from several influential entities. Among these are Kia, a major automotive manufacturer from South Korea, and SiteGround, a leader in website hosting technology. Additionally, Croatian IT firm Infinum, Rimac Group, Neurone, and Elaf Auto have contributed to the funding.

Marko Pejković, CEO of Project 3 Mobility, expressed satisfaction with the investment round’s outcome and the support from esteemed investors. He highlighted the company’s resilience in overcoming challenges in securing both EU grants and private capital. Pejković emphasized the project’s potential to transform urban mobility and positively impact various cities globally, including Zagreb and Croatia.

The acquired funds are earmarked for the continued development of the company’s urban autonomous mobility ecosystem and team expansion. Project 3 Mobility aims to continue attracting private capital to support the implementation of their project over the next two years.


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