Tag Archive for Mobileye

| October 31, 2018
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Mobileye, Volkswagen, Champion Motors launch driverless taxi service in Israel

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.

Israel Hayom

 

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 »

Category: Israel News | Tags: , , , ,
| March 13, 2017
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Israel’s record tech deal: Intel buys Mobileye for $15.3 billion

 

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.

By i24NEWS

 

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.

MobilEye screen-capture

“Intel estimates the vehicle systems, data and services market opportunity to be up to $70 billion by 2030.”

Continue Reading »
Category: Israel News | Tags: , ,
| June 23, 2016
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MIT Tech Review: Israel’s Mobileye ranked 6th, on a list of the world’s top 50

 

view videoIsrael’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 »

Category: Innovations & Discoveries | Tags: , ,