Mobileye Expands Robotaxi Initiatives

5 May, 2025

The Israeli autonomous driving company sees 83% revenue growth year-over-year, with significant progress in design wins and robotaxi deployments

Photo above: VW’s ID.Buzz. Credit: VW

Mobileye has reported a significant improvement in its financial performance for Q1 2025, indicating a recovery from the inventory challenges that impacted previous quarters. The company posted revenue of $438 million, marking an 83% increase compared to the same period last year. Despite this growth, Mobileye recorded a net loss of $102 million, an improvement from a $218 million loss in Q1 2024, though slightly higher than the $71 million loss in the preceding quarter.

Looking ahead, Mobileye projects a 7% year-over-year revenue growth for Q2 2025, estimating approximately $470 million in revenue. Mobileye reported robust activity in the Advanced Driver-Assistance Systems (ADAS) sector, with design wins in Q1 2025 already accounting for approximately 85% of the total achieved in 2024. The company anticipates increased revenue per system, driven by the industry’s shift towards multi-camera setups and hands-free highway driving capabilities.

Mobileye’s CEO, Amnon Shashua, highlighted the importance of this development: “We are seeing potential for an inflection point in the value per unit of mass market driving assistance. Mobileye’s surround ADAS based on EyeQ6 High processor, is the perfect solution for this trend. We also announced our first design win with Volkswagen during the first quarter.”

Robotaxi Deployments with Volkswagen and Uber

Mobileye’s autonomous driving system, Mobileye Drive, is gaining traction in the robotaxi market. The company announced a partnership with Volkswagen and Uber to integrate ID. Buzz autonomous shuttles (robotaxis) onto the Uber ride-hailing networkin some U.S. cities, starting with Los Angeles in 2026. The business model for Mobileye Drive includes a one-time payment for hardware and software installation, along with recurring revenue based on vehicle usage. In response to analyst inquiries, Shashua hinted that Mobileye is interested in expanding into other markets of robotics: “We are exploring additional growth engines in the realm of physical AI, though these initiatives are still in the evaluation phase,” he said.

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Posted in: AI , Automotive , Autonomous Car