UAE's eVoost, Founded by Ex-Ferrari F1 Engineer, Secures Seed Funding for Global Expansion
eVoost, a pioneering UAE-based deep-tech company and a member of Abu Dhabi's Hub71 ecosystem, has successfully closed a significant seed funding round. The investment, led by a prominent UAE-based family office with participation from angel investors across the UAE, Europe, and the USA, will fuel the company's global expansion and the enhancement of its AI-powered engineering platform.
Democratizing High-Performance Engineering
Founded by a team that includes a former Ferrari Formula 1 engineer, eVoost is on a mission to make elite-level engineering accessible to all. The company has developed an advanced AI-powered platform that provides "F1-grade" engineering solutions, initially targeting the motorsport industry. Through virtual simulation environments and AI-driven tools, the platform allows engineering teams—from grassroots motorsport to larger enterprises—to optimize vehicle performance, design, and strategy without the need for prohibitive budgets or extensive physical testing facilities.
Fueling Global Growth and Platform Enhancement
The capital raised in this seed round will be strategically deployed to accelerate eVoost's international growth. The company plans to expand its reach to new markets, enhance its core AI-powered engineering platform with new capabilities, and grow its team of specialized engineers and AI developers. This will enable eVoost to serve a wider global customer base and solidify its position in the performance engineering market.
Backed by Local and International Investors
The investment round, led by a notable UAE family office, demonstrates strong local confidence in homegrown deep-tech ventures. The participation of international angel investors further validates eVoost's innovative approach and its potential for global scalability, highlighting the growing appeal of startups emerging from the UAE's tech ecosystem.
A Hub71 DeepTech Success Story
As a member of Abu Dhabi's Hub71, a global tech ecosystem, eVoost's successful funding round is a significant milestone. It showcases Hub71's role in nurturing and scaling deep-tech companies with the potential for global impact, reinforcing Abu Dhabi's position as a hub for innovation and advanced technology.
About eVoost
eVoost is a UAE-based technology company that provides an AI-powered engineering platform designed to optimize performance in motorsport and other industries. By leveraging cutting-edge simulation and artificial intelligence, eVoost democratizes access to elite engineering tools, enabling teams of all sizes to compete at the highest level.
Looking Ahead: From Racetracks to New Industries
With this new funding, eVoost is well-positioned to not only deepen its impact within the global motorsport community but also to explore applications of its powerful technology in other industries. The company's journey from a specialized motorsport tool to a versatile, high-performance engineering platform will be a key factor in its future growth.
Source: Jawlah