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

  • August 10, 2016
    Calculating the cost of stellar solutions
    The increasing availability and accuracy of global navigation satellite system (GNSS) is opening up low-cost options in many areas as David Crawford finds out. Boosting commercialisation of European global navigation satellite system (EGNSS) technologies for ITS initially depends heavily on demonstrating competitive and cost/benefit advantages obtainable from the deployment of EGNOS (the current European Geostationary Navigation Overlay Service), and ultimately the EU’s Galileo constellation (see box). So,
    Read More
  • November 27, 2017
    America explores road user charging options
    Jack Opiola casts an eye over the numerous road user charging pilots underway in the US. In the USA, congestion mitigation and improving mobility have often focused on network improvements, increased road capacity, improved public transport, high-occupancy toll (HOT) lanes or ‘express lanes’ and ITS measures – all of which require political capital and major funding. Nowadays, political capital is as hard to obtain as funding because more political leaders are recognising the decline of fuel excise tax in
    Read More
  • January 13, 2017
    Electric boats and ships 2017-2027: Large market emerging, says IDTechEx
    Analysts at IDTechEx have issued a new report, Electric Boats and Ships 2017-2027 looking at this fragmented but often highly profitable and growing sector. It says there are already over 100 manufacturers of electric boats and ships. The report finds that the market for hybrid and pure electric boats and ships will rise rapidly to over US$20 billion worldwide in 2027 for non-military versions. The recreational boat market is the largest and fastest growing electric marine market in sales number, followe
    Read More
  • March 11, 2016
    Toyota Research Institute boosts autonomous vehicle development team
    Toyota Research Institute (TRI), which is developing which is artificial intelligence and autonomous vehicles, has hired the software engineering team of Massachusetts-based Jaybridge Robotics, which has focused on reliable automation of industrial vehicles, working with partners across a range of industrial applications including agriculture, mining, marine, and rail. The former Jaybridge team has joined TRI's Cambridge, Massachusetts, facility. Like everyone else at TRI, they will be working closely wi
    Read More

Highlighted Content