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(Reuters) — Volkswagen and Intel’s Mobileye are planning to roll out Israel’s first ride-hailing service using self-driving cars starting early next year.
The two companies are forming a joint venture with Israeli car importer Champion Motors, under which Volkswagen will provide the electric vehicles and Mobileye its autonomous driving technology, the companies said in a statement on Monday.
The service, called “Mobility-as-a-Service”, is expected to be commercialized by 2022, with Champion Motors running the fleet operations and control center.
The Israeli government, which has accepted the proposal, will also support it by sharing required infrastructure and traffic data, the companies said.
MetaBeat will bring together thought leaders to give guidance on how metaverse technology will transform the way all industries communicate and do business on October 4 in San Francisco, CA.
Automakers are teaming up with tech companies to gain a head start in driverless technology, which is expected to upend the transportation industry.
Honda announced an investment of $2.75 billion in General Motors’s Cruise self-driving vehicle unit to jointly develop autonomous vehicles for deployment in ride services fleets around the world.
(Reporting by Arunima Banerjee in Bengaluru; Editing by Anil D’Silva)
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