DeepMap Signs Deal to Provide HD Mapping Technology to Ridecell & Einride
【Summary】Silicon Valley startup DeepMap, a provider of high-definition (HD) mapping and localization technology for autonomous vehicles, has announced licensing deals with San Francisco-based mobility platform provider Ridecell and Sweden-based Einride. As part of the deal, Ridecell and Einride will integrate DeepMap’s HD mapping software in their autonomous fleets.
Silicon Valley startup DeepMap, a provider of high-definition (HD) mapping and localization technology for autonomous vehicles, has announced licensing deals with San Francisco-based mobility platform provider Ridecell and Sweden-based Einride. As part of the deal, Ridecell and Einride will integrate DeepMap's HD mapping software in their autonomous fleets.
DeepMap was founded in 2016 by James Wu and Mark Wheeler and is headquartered in Palo Alto, Calif., with additional offices in Beijing, China. The company specializes in fusing images from digital cameras with data collected using LiDAR to build its highly detailed 3D maps. These maps are used by autonomous vehicles to navigate and localize.
Before co-founding DeepMap, Wu led the engineering efforts building the serving infrastructure of Google Earth and also helped launch Apple Maps. Wu also served as principal architect for Baidu's self-driving platform now called Apollo.
"The visionary teams at Einride and Ridecell are pushing the industry forward and we are delighted to work closely with them. We are particularly excited about helping our self-driving partners accelerate their fleet deployments at multiple locations and for different vehicle models." said James Wu, CEO and Co-Founder of DeepMap.
San Francisco-based Ridecell provides a complete enterprise platform for carsharing, ridesharing, and autonomous ride-hailing services. The platform allows autonomous mobility providers to manage their entire fleets.
In 2017, Ridecell acquired Auro Robotics, which is now Ridecell's self-driving car division. DeepMap's software will be integrated into Auro's self-driving vehicle technology.
"DeepMap provides best-in-class mapping software features, helping Auro reduce its AV deployment time and effort at complex and remote sites. We look forward to working with DeepMap as we continue to enhance our autonomous offering." said Srinivas Reddy Aellala, co-founder of Auro Robotics and Principal Product at Ridecell.
Einride, which is based in Stockholm, develops fully-electric autonomous vehicles for freight transport. The company has two vehicle models the T-pod, designed to transport pallets, and the T-log, designed for the lumber industry to transport logs. The vehicles are fully autonomous and have no driver's cab. Both vehicles can be remote-controlled by a human operator. Einride said it will deploy its first truck using DeepMap's mapping software in 2019.
Robert Falck, Founder and CEO of Einride, said "Self-driving technology is a key enabler for a sustainable transformation of the transportation industry and DeepMap's technology is a key enabler for self-driving."
DeepMap has raised significant funding recently. In July, the company announced an investment from NVIDIA. Although the exact amount was not disclosed, Techcrunch reported that the company raised another $60 million. The Series B round included Nvidia Corp., Generation Investment Management, Andreessen Horowitz, Accel Partners and GSR Ventures and Robert Bosch Venture Capital.
According to Pitchbook, the new round puts the valuation of DeepMap at $450 million post-money, making the company one of Silicon Valley's most promising HD mapping startups.
Mercedes Benz & Tesla to Cut Prices in China After 90 Day Suspension of Tariffs
Execs From BMW, Mercedes & VW Called to White House for Trade Talks
GM Announces Massive Restructuring Plan, Will Close up to 5 Assembly Plants & Cut Thousands of Jobs
Major Supplier Johnson Controls Sells its Auto Battery Business for $13.2 Billion
GM’s Maven Car-Sharing Platform to Allow Non-GM Owners to Rent Their Vehicles
Iconic Motorcycle Brand Harley Davidson Debuts its ‘LiveWire’ Electric Bike
Fiat Chrysler Selling its Auto Parts Business to Calsonic Kansei for $7.1 Billion
BMW to Take Majority Control of its Chinese Joint Venture in $4 Billion Deal
- Panasonic Announces Multi-Year Agreement to Supply Electric Vehicle Batteries to Lucid Group
- Good Time to Buy Into China's EV Industry
- Volvo’s Brand Polestar Confirms That the Polestar 6 Electric Roadster Will Enter Production and Launch in 2026
- Volkswagen Breaks Ground on the First of Six European Battery Cell Factories as Part of a $20 Billion Investment
- Mercedes-Benz Begins Production of the Highly Anticipated EQS Electric SUV in Alabama
- High Gas Prices Aren’t Enough to Sway Consumers to EVs, Autolist Survey Finds
- Qualcomm Technologies and Renault Group to Jointly Develop a Centralized, Software-Defined Vehicle Architecture for the Automaker’s Future Electric Models
- China’s Tesla Rival XPeng Unveils its New ‘S4’ 480kW Electric Vehicle Supercharger That Can Add 125 Miles of Range in Just 5 Minutes
- Audi Rebrands its Premium Car Rental Service to ‘Audi on demand’
- General Motors Announces Two Major Long-Term Supply Agreements for Enough Lithium and Cathode Material to Build 5 Million EVs