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Automotive software company TTTech Auto raises $285 million investment from Aptiv and Audi

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TTTech Auto, an Austria-based automotive safety technology startup, has raised $285 million (€250 million) from Aptiv and Audi in its latest funding round.

Aptiv is investing $228 million (€200 million), while Audi is increasing its existing stake by $57 million (€50 million).

With this latest funding round and a valuation of more than $1 billion, TTTech Auto confirms its strong position amid a growing number of auto tech unicorns. The transaction is subject to regulatory approval and is expected to close within the next two months. [Read more…] about Automotive software company TTTech Auto raises $285 million investment from Aptiv and Audi

Aptiv to buy Wind River for $4.3 billion

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Aptiv, a technology company developing mobility software and systems, is to acquire Wind River from TPG Capital, the private equity platform of global alternative asset management firm TPG, for $4.3 billion in cash.

Wind River is a global leader in delivering software for the intelligent edge. Used on over two billion edge devices across more than 1,700 customers globally, Wind River’s software enables the secure development, deployment, operations and servicing of mission-critical intelligent systems.

This edge-to-cloud software portfolio spans the aerospace and defense, telecommunications, industrial and automotive markets and is anchored by Wind River Studio, a highly versatile, comprehensive cloud-native intelligent systems software platform that enables full product lifecycle management for edge-to-cloud use cases. [Read more…] about Aptiv to buy Wind River for $4.3 billion

Hyundai and Aptiv launch new autonomous driving joint venture Motional

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The autonomous driving joint venture between Hyundai Motor Group and Aptiv has been given a name and brand identity: Motional. (See video below.)

Launched virtually to its employees around the world, the the companies say they are “making driverless vehicles a safe, reliable, and accessible reality”.

Formed by Hyundai Motor Group, one of the world’s largest vehicle manufacturers offering smart mobility solutions, and Aptiv, one of the industry’s most innovative technology providers, the joint venture was established in March 2020 to advance the development and commercialization of the world’s highest-performing and safest autonomous vehicles. [Read more…] about Hyundai and Aptiv launch new autonomous driving joint venture Motional

Hyundai and Aptiv form autonomous driving joint venture

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Hyundai Motor Group and Aptiv are forming an autonomous driving joint venture.

The companies say the partnership “brings together one of the industry’s most innovative vehicle technology providers and one of the world’s largest vehicle manufacturers”.

The joint venture will advance the design, development and commercialization of SAE Level 4 and 5 autonomous technologies, furthering the partners’ leadership position in the global autonomous driving ecosystem. [Read more…] about Hyundai and Aptiv form autonomous driving joint venture