Suzuki invests in Australian mobility software company
Applied EV is an Australian Technology company that has strengths in software for electrification and autonomous driving applications.
Suzuki Motor Corporation has invested in Melbourne-based Applied Electric Vehicles to accelerate the software development for next generation mobility.
Applied EV is an Australian tech company that has developed a vehicle control system, based entirely on software known as the Digital Backbone, for use in electric vehicles dedicated to autonomous driving applications. The Digital Backbone enables vehicles of all shapes and sizes to run entirely on software. This process simplifies vehicle architecture, removes hundreds of components, reduces production costs, increases efficiency, and makes the entire ecosystem more sustainable.
Suzuki entered into an agreement with Applied EV in September 2021 and has since been evaluating the possibility of future collaboration. The Suzuki investment in Applied EV is another step to strengthen the relationship between the two companies and realize synergies like manufacturing and new business models.
Suzuki, in a press note, said it will continue to build relationships with companies like Applied EV that possess unique technologies, to accelerate the development of next generation mobility and provide a variety of transport solutions that will benefit people and society.
The company recently signed an MoU in a Nigerians startup, Moove, to leverage respective global networks of Suzuki and MUFG Bank to support Moove’s business expansion beyond Africa.
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