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

  • EV inductive charging set to gain traction
    June 13, 2014
    New analysis from Frost & Sullivan, Strategic Analysis of Inductive Charging for Global Electric Vehicles (EV) Market, finds that the total market for inductive charging is expected to experience a compound annual growth rate of 126.6 per cent from 2012 to 2020, with approximately 351,900 units likely to be sold. Inductive charging will account for 1.2 per cent of both public and residential charging in North America and more than 2.6 per cent in Europe. Residential charging will be the most popular method,
    Read More
  • Meituan expands transport options through bike-sharing acquisition
    April 5, 2018
    Beijing-based Meituan has acquired Mobike to make bike-sharing an option for clients using the company’s ride-hailing and car-sharing services. The transaction also intends to meet the demands of daily commuters as well as their short distance travel needs. Data analytics from Meituan’s 320 million active clients revealed that most users seek out transportation services to get to and from restaurants and other local lifestyle points-of-interest. Mobike’s service, according to Davis Wang, the company’s
    Read More
  • Jenoptik uses sensor fusion to avoid monitoring confusion
    January 26, 2018
    Jenoptik’s Uwe Urban looks at the advantages of ‘sensor fusion’ for the ITS sector. When considering the ideal sensing and monitoring system to enable the ITS sector to deliver improvements in mobility and road safety, for general policing security and border protection, we have to think beyond radar-base systems or laser scanners. What is needed today are solutions for detecting and tracking vehicles while recording evidence to deacide if any action is necessary. There is no sole sensor capable of
    Read More
  • Standardise global ITS protocols to enable interoperability
    January 26, 2012
    ITS America has a new chief technology officer. ITS International caught up with Nu Rosenbohm at this year's World Congress to gather his thoughts on the main challenges at home and abroad
    Read More

Highlighted Content