Delphi reaches agreement on nuTonomy acquisition

Delphi has signed an agreement to acquire nuTonomy (NT) for an upfront purchase valued $400 million (£303 million) and earn-outs totalling approximately $50 million (£37 million). It will accelerate Delphi's commercialization of autonomous driving (AD) and Automated Mobility on-Demand (AMoD) solutions for automakers and new mobility customers worldwide. The transaction is subject to customary closing conditions and is expected to close before the end of the year.
October 30, 2017 Read time: 2 mins

7207 Delphi has signed an agreement to acquire nuTonomy (NT) for an upfront purchase valued $400 million (£303 million) and earn-outs totalling approximately $50 million (£37 million). It will accelerate Delphi's commercialization of autonomous driving (AD) and Automated Mobility on-Demand (AMoD) solutions for automakers and new mobility customers worldwide. The transaction is subject to customary closing conditions and is expected to close before the end of the year.

Dr. Karl Iagnemma, Dr. Emilio Frazzoli and NT are developing a proprietary full-stack AD software solution for the global AMoD market. The company will add over 100 employees, including 70 engineers and scientists, to Delphi’s 100+ member AD team.

Once the transaction has been completed, Delphi will have AD operations in Boston, Pittsburgh, Singapore, Santa Monica, and Silicon Valley.  NT will remain in Boston, where both companies currently operate AMoD pilot programs. Through combining efforts with NT in Boston, Singapore, and other pilot cities around the world, Delphi will have 60 autonomous cars on the road across three continents by the end of the year.

For more information on companies in this article

Related Content

  • Is GIS modelling the answer to the implications of age?
    January 26, 2012
    Geoff Zeiss of Autodesk talks about the convergence going on between GIS and other software systems which will revolutionise the design and construction of nations' utilities. The issue is that we're getting old. But forget the discovery of body hair in places it never used to be, whether or not to dye, contact lenses versus glasses - in fact, put aside entirely the decision to age gracefully or outrageously; the personal implications pale next to the effects on wider society. Faced with the problem of how
    Read More
  • Uber & Motional in ride-hail AV deal
    October 11, 2022
    Companies already collaborate on food delivery but will now partner on ride-hail too
    Read More
  • New beginning for Think EV car maker
    April 19, 2012
    A court-appointed trustee has selected Russian entrepreneur Boris G. Zingarevich, whose investment operations are based in St. Petersburg, Russia, as the winning bidder for Think Global electric vehicle manufacturer, following a bankruptcy proceeding initiated by the Norwegian carmaker last month. In addition, Zingarevich has signed a memorandum of understanding with American advanced lithium-ion battery maker Ener1, and Finnish automobile engineering and manufacturing concern Valmet Automotive, to cooperat
    Read More
  • Platooning with Ease on the I-70
    July 15, 2025
    What would happen to truck platooning - a nascent technology - if the weather turns nasty? The I-70 Truck Automation Corridor Project in the northern US should provide some answers, reports David Arminas…
    Read More

Highlighted Content