Delphi Acquires Boston Self-Driving Start-Up nuTonomy for $400 Million
【Summary】Delphi Automotive PLC (NYSE: DLPH) announced today that it has signed an agreement to acquire Boston based nuTonomy, Inc. for an upfront purchase price of $400 million and earn-outs totaling approximately $50 million.

BOSTON — Delphi Automotive PLC (NYSE: DLPH) announced today that it has signed an agreement to acquire nuTonomy, Inc. for an upfront purchase price of $400 million and earn-outs totaling approximately $50 million.
The transaction brings together the leading start-up and Tier 1 in autonomous driving (AD) and further accelerates Delphi's commercialization of AD and Automated Mobility on-Demand (AMoD) solutions for automakers and new mobility customers worldwide.
Founded in 2013 by Dr. Karl Iagnemma and Dr. Emilio Frazzoli and recently named a World Economic Forum Technology Pioneer, Massachusetts based nuTonomy is developing a proprietary full-stack autonomous driving software solution for the global AMoD market. The company will add more than 100 employees, including 70 engineers and scientists, to Delphi's more than 100-member AD team, while increasing Delphi's access to new customers and markets in the emerging mobility space.
"We are delighted to welcome Karl, Emilio, and their talented team to Delphi," said Delphi's President and Chief Executive Officer, Kevin Clark. "The combination of the nuTonomy and Ottomatika AD teams, along with Delphi's industry-leading portfolio of perception systems and smart vehicle architecture solutions, further enhances our competitive position as the industry's most formidable provider of autonomous mobility solutions. This transaction is another example of our ongoing dedication to developing, implementing, and commercializing the highest performing and safest AD system available."
Upon completion of the transaction, Delphi will have autonomous driving operations in Boston, Pittsburgh, Singapore, Santa Monica, and Silicon Valley. nuTonomy will continue to be based in Boston, where both companies currently operate AMoD pilot programs around the city. By combining efforts with nuTonomy in Boston, Singapore, and other pilot cities around the world, Delphi will have 60 autonomous cars on the road across three continents by year-end, with the goal to further accelerate global fleet expansion and technology development.
Over the past several years, Delphi has acquired or invested in a range of companies to build out its expertise in advanced mobility, including autonomous software startup Automatika and Silicon Valley based solid-state lidar developer Quanergy. In May, Delphi also announced a partnership with Intel and Mobileye to power its autonomous driving computing platform.
"Our mission has always been to radically improve the safety, efficiency, and accessibility of transportation worldwide," said nuTonomy co-founder and CEO, Karl Iagnemma. "Joining forces with Delphi brings us one step closer to achieving our goal with a market-leading partner whose vision directly aligns with ours. Together we will set the global standard for excellence in autonomous driving technology."
The transaction is subject to customary closing conditions and is expected to close prior to year-end.
-
Ford is Testing a New Robotic Charging Station to Assist Drivers of EVs With Disabilities
-
Ford Raises the Prices of the F-150 Lightning Electric Pickup Due to Rising Raw Material Costs
-
The BMW 7-Series to Feature HD Live Maps From HERE Technologies for Hands-Free Highway Driving in North America at Speeds up to 80 MPH
-
AutoX to Use the 'Eyeonic Vision Sensor' from California-based SiLC Technologies for its Robotaxi Fleet in China
-
LG Develops ‘Invisible’ Speaker Sound Technology That Could Revolutionize In-Vehicle Audio
-
Researchers at South Korea’s Chung-Ang University Develop a ‘Meta-Reinforcement’ Machine Learning Algorithm for Traffic Lights to Improve Vehicle Throughput
-
Zeekr’s New 009 Electric Passenger Van is the World’s First EV to Feature CATL’s Advanced ‘Qilin’ Battery With a Range of 510 Miles
-
Redwood Materials is Building an Electric Vehicle Battery Recycling Facility in South Carolina
- Lucid’s New ‘Stealth Look’ Appearance Package for the Electric Air Sedan Compliments its High Performance DNA
- FCA to Pay $300 Million Fine for Emissions-Cheating Vehicles
- Tesla Shutters its San Mateo, CA Office, Lays Off Roughly 200 Autopilot Staff Without Notice
- GM Expanding First Responder Training Program for EV Crashes
- Acura Prevision EV Concept Previews Brand’s Electric Future
- Mazda Outlines Plans to Invest $10.6 Billion in Electric and Hybrid Vehicle Development Through 2030
- Hyundai to Launch Autonomous Ride-Hailing Service in South Korea
- Volkswagen CEO Believes It Will Overtake Tesla in EV Sales by 2025
- Automotive Supplier MAHLE Developed a Superior Continuous Torque (SCT) Electric Vehicle Motor That Can Run ‘Indefinitely’
- Zeekr’s New 009 Electric Passenger Van is the World’s First EV to Feature CATL’s Advanced ‘Qilin’ Battery With a Range of 510 Miles