OTIV

Country
Belgium
First investment date
Status
Active
Finindus lead
Roel Callebaut
Investment domains
Industry 4.0
Co-investors
SHIFT INVEST
imec.istart
Pitchdrive
lhoo OTIV

OTIV is a Belgium-based autonomous vehicle company that aims to increase the safety and efficiency of railway vehicles by teaching them to drive autonomously. The company’s AI-based solutions include assistance systems, remote control solutions and fully driverless systems. These solutions focus on different use cases of rail vehicles, including trams and light rail, freight trains, industrial locomotives and mainline systems. OTIV is working together with world-leading rail operators, industrial players and rolling stock manufacturers. ‘OTIV is quickly becoming a reference player in autonomous rail technology. The team has a deep technical and market expertise and we’re happy to support their ambitious growth plans.’

Website
https://otiv.ai

What do our companies say ?

  • Der Aufbau eines Spin-Off Unternehmens und das Upscaling aufgebauter Technologien ist nicht völlig risikofrei. Hier hat sich Finindus nicht nur als Investor sonder auch als verlässlicher Partner herausgestellt, mit dem auch mal Engpässe überwunden werden können. Kann das eingeschlagene Konzept bestätigt werden, so ist die langfristige Investionsausrichtung van Finindus eine verlässige Wachtstumsgrundlage.

    Dr. Dirk Bohmann, founder of Borit GmbH

  • When Expanite was looking for new investors in 2014, a clear objective was to find international partners who could bring more to the company than simply financial support. After having Finindus on board for two years, we can confirm that we found exactly what we were looking for. The combination of skills, international outlook and experience - as well as insight into our industry - brings true value to our company.

    Thomas Abel Sandholdt, CEO of Expanite, DK

  • From the start, we were impressed by Finindus's knowledge of the industry and the opportunity for collaboration. Within a few months of closing the investment, we are already pursuing several potential projects together with ArcelorMittal and OCAS. The Finindus team has been great to work with, and the deep knowledge of and connections within the steel industry have been extremely valuable in accelerating our company's development. 

    Eric Smith, CEO Keystone Tower Systems

  • Finindus has been an ideal shareholder for us, investing with a long-term horizon and showing commitment in everything they do. Over the past 10 years, and by participating actively in our board, the hav contributed with very valuable strategic as well as more industry-specific knowledge and have shown a tremendous engagement in he development of the company. 

    Per Wassen, President ad CEO of PowerCell Sweden AB