Yamaha increases investment in autonomous driving tech firm

This is Yamaha’s third investment in TIER IV Inc, which is leading the development of Autoware, the world’s first open-source autonomous driving OS.

Autocar Pro News Desk By Autocar Pro News Desk calendar 22 Jul 2022 Views icon3212 Views Share - Share to Facebook Share to Twitter Share to LinkedIn Share to Whatsapp

Yamaha Motor Co has has made an additional investment in TIER IV Inc, with an aim to accelerate autonomous driving technology as well as promote its commercialisation, including its automated transport solutions business for factory grounds.

This is Yamaha Motor’s third investment in the company following those made in August 2017 and July 2019.

TIER IV is leading the development of Autoware, the world’s first open-source autonomous driving OS, and is committed to “democratizing” autonomous driving so that anyone can contribute to the advancement of the technology. TIER IV is focusing on the development of the core software for autonomous driving systems in order to expedite the broad adoption of autonomous driving throughout society via an open-source platform.

This additional investment is for Series B round financing through third-party allotment by TIER IV, and investors besides Yamaha Motor include Sompo Holdings, Inc. and Bridgestone Corporation. This brings TIER IV’s Series B total funding to 12.1 billion yen. In addition, TIER IV was selected as the R&D project Level 4 autonomous driving software of the Green Innovation Fund administrated by the New Energy and Industrial Technology Development Organization (NEDO).

Yamaha Motor designated several ‘New Businesses’ and ‘Growth Businesses’ as ‘Strategic Business Fields’ in its new Medium-Term Management Plan (2022–2024) announced in February this year. As one of its New Businesses, the company established “eve autonomy, Inc.” with TIER IV as a joint venture company in February 2020 in order to commercialise and make an automated transport solutions business a reality.

 

 

RELATED ARTICLES
StoreDot partners Circulor for enhanced traceability of raw materials in EV batteries

auther Autocar Pro News Desk calendar31 Jan 2023

The two companies are implementing Circulor’s traceability solution to follow upstream battery material production and t...

Toyota Tsusho begins production of Suzuki Swift in Ghana

auther Autocar Pro News Desk calendar31 Jan 2023

Toyota Tsusho Manufacturing Ghana commences assembly of SKD kits of the Swift hatchback; part of the expanding alliance ...

Renault to reduce stake in Nissan from 43% to 15%

auther Autocar Pro News Desk calendar30 Jan 2023

Renault, which holds a 43% stake in Nissan, to transfer 28.4% shares into a French trust; Nissan is to invest in Renault...