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.

Related Content

  • April 17, 2012
    ITS industry in the US has grown to $48 billion and will expand
    ITS America has released what it says is the most comprehensive study to date on the scope of the ITS industry in the United States and North America. Researchers found intelligent transportation to be a fast growing sector valued at approximately US$48 billion. Results indicate that cities and states with drastically reduced budgets are turning to technology solutions to maximize existing highway capacity.
    Read More
  • February 2, 2012
    Carbon finance delivers critical support to mass transit schemes
    David Crawford investigates carbon finance in transport. World Bank carbon finance grants are delivering critical support to major mass transit deployments in emerging and developing economies. Only recently operative in the transport sector, the Clean Development Mechanism (CDM, see panel) is designed to generate additional income streams and improve internal rates of return on projects funded from public- and private-sector sources.
    Read More
  • February 27, 2013
    Project of the year win for TransCore Silicon Valley project
    Santa Clara Valley Transportation Authority’s (VTA) State Route (SR) 237 Express Lanes, for which TransCore serves as lead integrator, received the 2012 Transportation Project of the Year Award from the San Francisco Bay Area Institute of Transportation Engineers (ITE). VTA is implementing the Silicon Valley Express Lanes Program to provide congestion relief in one of its major Bay Area commuter corridors. As part of the program, the SR 237, US 101, SR 85 and parts of I-680 corridor will convert the existin
    Read More
  • March 31, 2021
    Digital Transformation is the way to comprehensive transportation 
    Transportation worldwide needs to keep up with a variety of challenges: Frederic Giron of Forrester Consulting explains how digital technologies will be the key to making the necessary changes...
    Read More

Highlighted Content