The acquisition from TPG for $4.3 billion gives Aptiv a unique position in mission-critical software across multiple industries, continuing its transformation for the edge-enabled, software-defined future.
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Debuting at CES 2022, the new concept electric vehicle also has a heavy focus on a customizable user experience that is part of the focus of a broader deal between parent Stellantis and Amazon on software-defined technology.
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The collaboration announced at CES 2022 will bring Level 2+ and later more advanced automated driving functionality, with ZF supplying advanced sensors, high-performance computing platforms, and associated software.
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Its aiDrive 3.0 features virtual sensor technology and greater data re-use, allowing accelerated OEM and Tier 1 efforts to deploy SAE Level 2 and above automated driving solutions.
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The company will use the $56.5 million in Series B fundraising, with support from ZF, Continental, and AGCO, to expand into markets adjacent to the automotive including agriculture, mining, industrial automation, and Internet of Things; double its team; and expand operations to Asia.
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At the company’s Software Day 2021, it outlined how it will get to 34 million monetizable connected cars by 2030, deploy three AI-powered technology platforms starting in 2024, and leverage strategic partnerships like an expanded relationship with Foxconn for semiconductors.
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At its Automotive Forum today, the company announced that the foundational components of its Connext Drive are now certified to the most stringent Automotive Safety Integrity Level for road vehicles.
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The automotive supplier will create a data and integration platform called the ZF Cloud for its industrial and operational production and business processes on the Microsoft Azure cloud platform.
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The automotive news heavy keynote by Founder and CEO Jensen Huang included the Drive Hyperion 8 production-ready AV computing and sensing platform, the Drive Sim Replicator for synthetic data generation, Drive Concierge for AI in the cockpit, Drive Chauffeur for automated driving.
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The company plans to integrate its updated app with all major OEMs and connect 20% of all EV’s in the U.S. and Europe by 2026.
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