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Tesla veteran's startup Tekion secures $200 mn funding
Business Standard
|July 17, 2024
Tekion, an automotive software platform founded by former Tesla executive Jay Vijayan, has secured $200 million in growth equity capital from Dragoneer Investment Group, it said on Tuesday.
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This financing round set Tekion's valuation at more than $4 billion from the previous $3.5 billion. Tekion will use the capital to expand its product offering for dealer partners and original equipment manufacturers (OEMs), speed up implementation timelines, and strengthen customer support.
This story is from the July 17, 2024 edition of Business Standard.
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