Israel’s Mobileye, Volkswagen and Champion Motors unite to launch a joint venture of self-driving taxis next year in Israel, beginning with several dozen, then expanding with hundreds of self-driving electric vehicles.
The Volkswagen Group together with Israel-based Mobileye and Israel’s Champion Motors announced plans to deploy Israel’s first self-driving ride-hailing service – or Mobility-as-a-Service – starting next year. For this, the partners are planning to establish a joint venture.
The planned cooperation is subject to approval by the relevant authorities and bodies.
Volkswagen to launch a self-driving taxi service in Israel in 2019 – Illustration: Volkswagen Groupe
Operating as “New Mobility in Israel,” the group’s proposal was formally accepted by the Israeli government during a private ceremony Monday at the Smart Mobility Summit in Tel Aviv. Continue Reading »
In what will be the Jewish State’s largest-ever high-tech acquisition deal to date, the world’s leading maker of computer chips, Intel, announced it is set to purchase Israel’s Mobileye for $15.3 billion.
American computer chip giant Intel is set to purchase Israel’s Mobileye for $15.3 billion, the companies announced in a statement on Monday, in what will be Israel’s largest-ever high-tech acquisition deal.
“The combination is expected to accelerate innovation for the automotive industry and position Intel as a leading technology provider in the fast-growing market for highly and fully autonomous vehicles,” the statement said.
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“Intel estimates the vehicle systems, data and services market opportunity to be up to $70 billion by 2030.”
Israel’s Mobileye technology company, which makes vision systems for mobile vehicles, was ranked 6th on list of the world’s 50 “smartest” companies, by the prestigious MIT Technology Review.
By Ilan Gattegno and Israel Hayom Staff
Israel’s Mobileye technology company was ranked sixth on a list of the world’s 50 “smartest” companies published on Tuesday by MIT Technology Review.
The Mobileye logo – Photo: Wikimedia Commons
The first five spots were taken by Amazon, Baidu, Illumina, Tesla Motors, and Aquion Energy.
Describing Mobileye, MIT Technology Review wrote: “How can automakers compete with companies developing self-driving vehicles, such as Google parent Alphabet? Continue Reading »