Jun 14, 2018 - 05:08 pm

Magna & May Mobility to cooperate on autonomous shuttle


Magna and May Mobility have teamed up to develop an autonomous electric shuttle. May Mobility will deliver the design, while Magna will take over assembly.

Should the venture prove successful, the initial manufacturing of hundreds of vehicles will be expanded to cover the entire USA, with thousands of self-driving shuttles. The initial fleet debut will take place on June 26 in Detroit, Michigan.

Magna CTO Swamy Kotagiri said: “Magna is pleased to work with a company like May Mobility to help support new mobility in city centers.” The company had also managed to secure 11.5 million dollars in funding from BMW iVentures, Toyota AI and other investors, earlier this year. Magna also partnered with Lyft to develop a self-driving car platform, investing 200 million dollars in the company in exchange for an equity stake.

May Mobility founder and CTO Steve Vozar stated the following about their new partner and plans: “Magna shares our high technical standards and excitement about servicing the growing demand for self-driving vehicles to meet today’s transportation needs, while also laying the path for the future.”

techcrunch.com, magna.com


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Found on electrive.com
14.06.2018 17:39