Driverless tech firm which claimed to raise £500m enters liquidation

A Birmingham technology company which once claimed to be Europe’s best-funded driverless vehicle startup has appointed liquidators.

Conigital claimed to have raised more than £500m in Series A+ funding in 2023 – a combination of equity and debt which it said was the result of a strategic partnership with a global private equity infrastructure firm which managed £150 billion in assets.

Earlier that same year, the firm received £8.3m from the government and £6.9m from industry.

However reports cast doubt about the veracity of the £500m+ claim and the company has since faced employment tribunals over unpaid wages and unfair dismissal claims.

Now the company has entered voluntary liquidation, with Craig Povey and…