German deeptech peaq raises €750K to launch a full-scale blockchain platform for the automotive industry
Berlin-based deeptech startup peaq has successfully completed a strategic funding round with high-profile German angel investors. The startup will invest the fresh funds of around €750K into the launch of one of the first full-scale blockchain platforms for the automotive industry. With this round, peaq has highlighted its ambition to become the leading company for Distributed Ledger Technology infrastructure solutions for the Internet of Things (IoT). “I am deeply impressed by the quality of the peaq team. The 16-member peaq team researched and developed their own blockchain infrastructure from their Berlin office over a three-year development period.