Japanese robotics maker ZMP has partnered with a taxi operator in Tokyo, as part of its plans to launch a self-driving taxi in the city in time for the 2020 Olympics, said CEO Hisashi Taniguchi.
Japan’s taxi industry, faced with a labour crunch due to an ageing population, has been looking at new technologies to drive growth. The sector may also have to deal with more competition in the future if the government allows ride-sharing services such as Uber to operate across the country.
Startup company nuTonomy has raised $16 million is initial funding and plans to offer world’s first fully autonomous taxi service in 2018.
nuTonomy, a developer of software for self-driving cars, says it has completed its $16m Series A funding led by Highland Capital Partners.
The funding included significant participation from prior investors Fontinalis Partners and Signal Ventures. In Singapore, where nuTonomy has strong governmental support, the round included participation from EDBI, the dedicated corporate investment arm of the Singapore Economic Development Board. Samsung Ventures also participated in the Series A round. Continue reading nuTonomy raises $16m funding to develop self-driving car software