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

  • Ride sharing services increase traffic, says Schaller Consulting
    August 1, 2018
    Ride sharing services such as Uber and Lyft, also called transportation network companies (TNC), are increasing congestion in US cities, says Schaller Consulting. The transport consultancy’s latest report reveals TNCs add 2.6 new vehicle miles on the road for each mile of personal driving removed, increasing driving on city streets by 160%. Called The New Automobility: Lyft, Uber and the Future of American Cities, the document combines research and data from a national travel survey to create a detailed
    Read More
  • Texas, Oklahoma move to interoperable tolling
    April 25, 2013
    Electronic toll systems in Texas and Oklahoma could be interoperable as soon as 2014, according to toll authorities from both states. Moves to link tolling systems in Texas and Oklahoma will enable drivers with Texas tolling accounts or Oklahoma turnpike accounts to travel on the other state’s toll roads using their current toll tags. The tolls would be automatically billed to the out-of-state driver’s account. “Oklahoma Governor Mary Fallin said it would be good to have interoperability with other states,
    Read More
  • BlueSignal partners with CarForce to enhance AI traffic predictions
    December 5, 2017
    South Korean AI-based solutions provider BlueSignal (BS) has entered into a partnership to achieve a higher accuracy rate for its predictions of future traffic conditions based on real-time car data provided by US-based CarForce (CF). The Memorandum of Understanding was signed on the 15 November at K Global, in Silicon Valley. The agreement will also allow CF to add BS’ data on diverse future traffic conditions to its car data. Jason Baik, BlueSignal, chief executive officer, said, "BlueSignal's
    Read More
  • The future? It's remote, says Valerann
    January 4, 2024
    More responsive traffic management is of enormous value – and Valerann thinks its SaaS system, remotely deployed in Latin America, is able to identify incidents much more quickly, finds Andrew Stone
    Read More

Highlighted Content