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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.

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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.”

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