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

  • Asecap: get ready to rethink everything you know
    November 15, 2022
    How can we make our infrastructure ready for new sustainability challenges? What kind of investments are needed? And who will finance them? Tolling association Asecap has some thoughts. Geoff Hadwick reports from Lisbon
    Read More
  • Global moves drive EV infrastructure
    October 7, 2020
    Charge+ in Singapore, Total in the UK and Electrify America all have new plans
    Read More
  • Simple solutions for bigger screen
    December 10, 2015
    Mitsubishi’s David Jones considers an alternative to purchasing the display technology for traffic management centres. Display screen technology is evolving rapidly but while the video wall is arguably the most important technology system in a traffic management centre (TMC), most are five to 10 years old and effectively obsolete. When faced with similar problems, other sectors around the world have adopted a policy of leasing all or part of the equipment.
    Read More
  • Nissan to lead human driving style AV project in the UK
    February 2, 2018
    Nissan’s European Technical Centre will lead a 30-month Autonomous Vehicle trial on UK country roads, high speed roundabouts, A-Roads and motorways with live traffic and different environmental conditions. Called the HumanDrive project, it will also emulate a natural human driving style with the intention of providing an enhanced experience for its occupants. The artificial driver model that controls perception and decision making will pilot the vehicle, and will be developed using artificial intelligence
    Read More

Highlighted Content