Titan, the new name of Spanish startup Investopedia, has raised a $200 million Series A round led by Andreessen Horowitz.
The funding comes on the heels of Titan’s announcement of a partnership with Tesla Motors that will see the startup use its own vehicle manufacturing and technology platform to create a new type of car that can be used for a range of purposes from autonomous driving to high-speed freight transport.
“We are truly excited to be joining forces with Andreessen and Titan to bring a world-class car design to the world,” says Tesla CEO Elon Musk.
“They are the most innovative companies in the world, and our investment in them shows how much we believe in the future of mobility.”
Titan is also investing in two other startups, the German company Lidar and the Dutch startup Lidograf.
The former is a mapping company that aims to bring mapping technology to the car industry, while the latter aims to build a smart home platform for IoT.
Both companies are focused on driving home the idea that mobility will be more accessible for people with disabilities.
“Titan has the largest car manufacturing capacity in Europe and the world today,” says Lidorak, whose products are currently used in more than 300,000 vehicles.
“The most innovative part of our business is in the building of new vehicles, and this is a great opportunity to leverage our experience building the Tesla Model S.”
In a statement, Andreessen said it is “excited” to be partnering with Titan, and said it expects the company’s products and services to improve the lives of millions of people.
Titan is one of a handful of companies looking to build cars that can actually be driven on their own.
The company, which has raised over $2 billion in funding from more than 150 investors, was founded in 2013 by engineers in Spain.
Since then, the company has grown to produce cars for both public and private transportation.
In March of this year, it announced plans to build its own factory, and has already begun to produce its first car.
Titan’s car is said to be capable of operating at speeds up to 300mph, with a range up to 40 miles.
The new car has also been described as a “world-class” electric vehicle, which is a fancy way of saying that it has to be faster than other electric cars.
Titan has also created its own autonomous driving system, called Autopilot, which can make decisions about how to drive and what to do while taking over the driver’s role.
It is currently being tested on a range at Titan’s factory in Spain and will soon be rolling out to other factories around the world.
Titan also aims to make its vehicles more affordable, using a combination of self-driving technology and an existing electric fleet to reduce the cost of owning a vehicle.
It said that the Model S and the Titan X will be the first cars with “self-driving capability” in the US.
Titan will likely be one of the few cars on the road with the capability to drive autonomously for a significant portion of its lifetime.
“Our car is not only a product but also an industry leader,” says Andreessen.
“It is a company that is already one of our biggest competitors in this field.
It’s a company we’ve been working with for a number of years, and we believe it’s ready to be the leader in this space.”
Titan also plans to start building cars for international markets soon, and will begin selling its vehicles in Europe by the end of 2020.
In order to reach the mass market, Titan has had to scale up its manufacturing facilities, according to Musk.
The first factory Titan will be using to manufacture its cars will be located in Spain, but that factory will eventually expand into the US, Canada, Mexico, and the UK.
“There are so many challenges in our world right now,” says Titan’s CEO, Jose Luis Castillo.
“That’s why we are building a factory in the United States, where we can manufacture vehicles that will be used in all over the world.”
Tesla is looking to expand its business with Titan to make more cars.
It announced plans in December of this to partner with the startup on a partnership to build new Tesla cars that would be built entirely with the company.
The deal will be announced later this year.
In its first year, Tesla expects to sell a total of 2.6 million Model S sedans, but has said it will be able to make up for the shortfall by selling an additional 3 million vehicles by 2021.
Titan says it has more than 3,000 customers and is hiring around 3,200 employees.
“To be part of this new venture, we need a team that has the ability to bring these great ideas to life,” says Castillo, who also sits on the board of Investopix.