Benteler's autonomous driving electric brand HOLON receives huge investment

Benteler Group's self-driving electric car brand HOLON has received a multi-million dollar investment from Saudi Arabian investment company TASARU Mobility Investments. The funds will be used to promote the series development and industrialization of HOLON's self-driving buses. TASARU plans to acquire approximately 38% of HOLON's shares in stages, with the first transaction expected to take place in April this year. Benteler plans to establish three production bases in Europe, Saudi Arabia and the United States.