Toyota Motor made an investment in Autotalks
26 June, 2017
Toyota joined the Extended $40 Million funding Round of Autotalks, a global provider of V2X (Vehicle to Everything) communication chipset
The emergence of connected car and future autonomous driving brings new investors to the semiconductors Industry, among them: car manufacturers. Last example is Autotalks. The provider of V2X (Vehicle to Everything) communication chipsets fro Kfat Netter, Israel, announced today an extension to its recent funding round to about $40 million in investments, an over-subscription of $10 million.
Whw? The increased investment amount is a result of new investments from investors such as Mirai Creation Investment Fund, of which the principal investors are Toyota Motor Corporation and Sumitomo Mitsui Banking Corporation, and is managed by SPARX Group. Additionally, current Autotalks’ investors increased their investment in the company.
“The funding round represents a real vote of confidence both in the V2V market and in Autotalks,” said Hagai Zyss, Autotalks’ CEO. “Having such respectable investors, who are worldwide leaders in the automotive industry, is a wonderful addition. The funding will allow us to expand our operations for the upcoming start of mass productions as well as continue to develop communication solutions for both connected and autonomous cars.”
Short video on Autotalks’ V2X technology:
Massive deployment in 2019
Autotalks was founded in 2008, and is considered a V2X chipset market pioneer, providing customers with V2X solutions to helps reducing collisions on roadways and improve mobility with its automotive qualified chipsets. Autotalks’ advanced technology, to be mass-deployed by 2019, complements the information coming from other sensors, specifically in non-line-of-sight scenarios, rough weather or poor lighting conditions. The company says its chipsets exceed all requirements mandated by the USDOT’s V2V notice of proposed rule making (NPRM). Therefore, after several design wins, Autotalks is preparing for mass production starting in 2019.
Toyota’s commitment to V2X
Toyota Motor makes heavy investments in connected driving and is one of the founding members of ITS Connect consortium, that coordinate industry effort to adopt wireless communication by infrastructural equipment installed on the road and among vehicles. Toyota also works closely with the USDOT to create V2X utilizing 5.9GHz DSRC and plans to to deploy systems using this frequency, in accordance with the US regulations.