The Industry and Company
A leading automotive manufacturer (the “Company”) offers leading technology and an appealing product portfolio. The Company operates in an industry where substantial disruption is occurring, making innovation essential for success.
The Company sought financing for IT equipment that provides AI, big data analytics, and high-performance computing power for key areas of product development. This equipment is utilized for key research and development efforts, and is integral to the long-term success of the business.
Atalaya provided ~$25 million in lease financing to the Company, catalyzing its potential to further develop its industry leading technology. Due to the lease financing, the Company is able to execute upon its innovation strategy and differentiate itself from competitors.