Connect with us

Telematics

Airbiquity Gets Investment Funds From Toyota Motor, DENSO And Toyota Tsusho Corp.

The parties also will collaborate to leverage Airbiquity over-the-air technology for the next generation of connected vehicles.

Advertisement

Advertisement
Click Here to Read More
Advertisement

Airbiquity, a longstanding global provider of connected vehicle services, has announced a $15 million minority investment in the company from Toyota Motor Corp., DENSO Corp. and Toyota Tsusho Corp. This investment will support Airbiquity’s expansion of the development of connected vehicle software technology and cloud-based services.

In addition, the four parties plan to collaborate to accelerate the development and commercialization of an automotive grade over-the-air (OTA) system enabling remote vehicle software updates and management; increased production and operational efficiencies throughout the vehicle lifecycle; and new mobility services powered by data and analytics. Central to this alliance is Airbiquity’s OTAmatic software and data management offering for connected vehicles.

“We are delighted to receive investment from three of the most successful corporations in the automotive industry,” said Kamyar Moinzadeh, president and CEO of Airbiquity. “This is an exciting time for our company, and we look forward to working with our new strategic partners to optimize and leverage OTAmatic for the next generation of connected vehicle.”

Advertisement

BlackBerry, LG Expand Partnership To Develop Technology For Connected Vehicles

Goodyear Teams With Root Insurance To Reward Safe Drivers

Mitsubishi Motors Named Telematics OEM Of The Year At TU-Automotive Detroit

Accenture, Faurecia And Affectiva Team To Develop Car Cabin Of The Future

Advertisement

POPULAR POSTS

Telematics

OCTO Acquires Nebula Systems

Telematics

Zubie Adds Bluebird As Integration Partner To Deliver Telematics Insights To Rental Car Fleets

Financial

Pitstop Announces Pilot Program With Continental, $1.5M In Seed Financing

New Tech

Accenture, Faurecia And Affectiva Team To Develop Car Cabin Of The Future

Connect