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Technology Stocks : Driverless autos, trucks, taxis etc.

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From: Sam5/2/2021 12:00:02 AM
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Mobileye and Udelv Ink Deal for Autonomous Delivery
Udelv Customers will use ‘Transporter’ for last- and middle-mile autonomous deliveries.

NEWS HIGHLIGHTS
  • Mobileye’s self-driving system ? branded Mobileye Drive™ ? will be the autonomous “driver” for Udelv’s next-generation electric self-driving delivery vehicle, called “Transporter,” which was revealed today.
  • Fleets of Transporters will begin operations in 2023; more than 35,000 Mobileye-driven Transporters will be produced between 2023 and 2028.
  • First pre-order of 1,000 Udelv Transporters announced today by Donlen, one of America’s largest commercial fleet leasing and management companies.
  • Premiere deal signals commercial readiness of Mobileye Drive™ for large-scale deployment in the movement of goods and people and maturity of Udelv’s delivery technology.
JERUSALEM, Israel, and BURLINGAME, Calif., April 12, 2021 – Mobileye, an Intel Company, and Udelv, a Silicon Valley venture-backed company, announced that Mobileye’s self-driving system ? branded Mobileye Drive™ ? will “drive” the next-generation Udelv autonomous delivery vehicles (ADV), called “Transporters.” The companies plan to produce more than 35,000 Mobileye-driven Transporters by 2028, with commercial operations beginning in 2023. Today’s news is believed to be the first large-scale deal for a self-driving system and signals that Mobileye Drive is ready for commercial deployment in solutions involving the autonomous movement of goods and people.

More: Mobileye Drive (Fact Sheet) | Autonomous Driving/Mobileye (Press Kit) | Mobileye News | Udelv ‘Transporter’ (Video)

“Our deal with Udelv is significant for its size, scope and rapid deployment timeline, demonstrating our ability to deliver Mobileye Drive™ for commercial use now and in volume,” said Prof. Amnon Shashua, Mobileye president and CEO. “COVID-19 has accelerated demand for autonomous goods delivery, and we are delighted to partner with Udelv to address this demand in the near term.”

continues at intel.com

For some commentary on this, see seekingalpha.com
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