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

  • Senior Inrix appointments announced
    July 12, 2012
    Inrix, the international provider of traffic information and driver services, has announced the hiring of four industry leaders from the automotive and mobile industries to drive the company’s European business development and global marketing efforts. In addition, the company is naming former Blue Nile CEO Diane Irvine, to its board of directors.
    Read More
  • Smart transportation market to reach $130bn by 2024
    April 19, 2018
    The Smart Transportation Market is set to grow from its current industry value of more than $41bn (£28bn) to over $130bn (£91bn) by 2024, according to a report by US-based Global Markets Insights. The growth is attributed to worldwide government initiatives for smart city development. Findings revealed that $1bn (£70m) of connected things are mounted globally under the smart cities projects. Government mandates focused on reducing C02 emissions and protecting the environment are also assisting the growt
    Read More
  • IRF Geneva leads UN road safety meeting
    October 5, 2022
    The International Road Federation (IRF) in Geneva convened key industry leaders to discuss “Action for Road Safety: Private Sector Leadership” on the occasion of the UN High Level Meeting on Global Road Safety hosted in New York
    Read More
  • AT&T, Delphi, and Ford debut V2X advanced vehicle communications
    January 6, 2017
    AT&T, Delphi and Ford are developing a new capability to enhance vehicle-to-anything (V2X) communications. The platform is designed to help vehicles communicate with each other and smart cities infrastructure to improve safety and vehicle security, reduce traffic congestion, save money and protect the environment. The research developed jointly by the three companies is designed to monitor traffic conditions and notify drivers over the AT&T LTE network of approaching vehicles and events, such as airbag
    Read More

Highlighted Content