Autonomous Solutions (ASI), a developer of industrial vehicle automation and creator of industrial autonomous fleet orchestration system Mobius, has formed a joint venture with SoftBank with the goal of developing and commercializing autonomous construction equipment for large infrastructure projects.
The joint venture has been capitalized by SoftBank Group for meaningful scale across a number of construction use cases, substantially enhancing ASI’s capacity to meet the market’s need for next-generation autonomous solutions focused on civil construction and material handling.
In addition to the ASI/SoftBank joint venture, SoftBank Group invested $225 million in ASI, providing capital to grow its commercial operations across the broader construction market. [Read more…] about ASI and SoftBank form autonomous construction joint venture as SoftBank invests $225 million