U.S.-based automotive technology company ClearMotion Inc. has completed $115 million Series-D preferred stock funding.

The round was led by Franklin Templeton Investments, with participation from Microsoft, Bridgestone, Qualcomm, World Innovation Lab and clients advised by J.P. Morgan Asset Management.

Other backers including AARP Innovation Fund and NewView Capital and Eileses Capital also joined in the round.

ClearMotion, which has $9 million in revenue annually, has completed successful development programs on multiple car lines and has commissioned a pilot production facility for its first OEM launches.