BME spinoff DriveByCloud Kft. in front of international investment community: successful participation at the EELISA Next Level event.

BME Department of Automotive Technologies and its university spin-off company participated in the EELISA Next Level event in Germany, where startups presented their investor pitches at the event, which is aimed at raising capital for entrepreneurs.

The event was open to companies affiliated with institutions in the European network, and the best 15 startups from more than 50 applicants were invited to the event in Nuremberg on 22-23 March. The event was hosted by the Zollhof Tech Incubator, supported by Friedrich-Alexander University (FAU).

At the event, DriveByCloud Ltd., representing BME and Hungary, presented its product development ideas to the international community and investors. After the competition presentation, Zsolt Vincze, CEO of DriveByCloud Kft. and researcher at the Department of Automotive Engineering, emphasized: “I consider it a great achievement that we made it to the top 15 out of 50 applicants in such a strong field, and that we were able to present the marketable developments of our research work to a broad scientific and professional audience and international investors, which will be sold by our spin-off company.”

DriveByCloud Ltd. provides services that improve the efficiency of automotive testing. These include infrastructure-based real-time road data services and mixed reality testing with virtual objects. It also provides cloud-based vehicle control and teleoperation, and enables cooperative perception and control using the real-time digital twin of the environment. The company’s innovative solutions help to advance the technological development and safety of the automotive industry.

The research related to the developments presented in the context of self-driving vehicles was supported by the European Union in the framework of the National Laboratory for Autonomous Systems (RRF-2.3.1-21-2022-00002).