Applied EV co-founder and chief executive Julian Broadbent.
Supplied
Japanese multinational firm Suzuki Motor Corporation has made a strategic investment in Melbourne firm Applied EV to speed up the development of software for future mobility.
A statement from Applied EV, which was set up in 2015, said it had closed the first tranche of a two-part round of funding, having raised $21 million, an amount that valued the company at $170 million.
Apart from Suzuki, St Baker Energy and Innovation Fund were also said to have made “significant investments” during the round.
The Japanese firm signed an agreement with Applied EV in September last year and, after due consideration, has decided to strengthen the ties with the Australian company.
|
|
Applied EV has developed a software-based vehicle control system known as the Digital Backbone which can be used in electric vehicles that use autonomous driving applications.
Applied EV co-founder and chief executive Julian Broadbent said: “Suzuki is a highly respected automotive company, delivering millions of vehicles to customers globally. With over 100 years of expertise, strong values, and a huge market, we’re excited to see what the future will hold.”
A second Applied EV product is its Blanc Robot, which is powered by the Digital Backbone. The robot is a cabinless, driverless vehicle, which can be used for a number of autonomous commercial uses, including on-road and off-road applications. It serves as a turn-key solution for commercial and logistics customers.
Please join our community here and become a VIP.
Subscribe to ITWIRE UPDATE Newsletter here
JOIN our iTWireTV our YouTube Community here
BACK TO LATEST NEWS here
GET READY FOR XCONF AUSTRALIA 2022
Thoughtworks presents XConf Australia, back in person in three cities, bringing together people who care deeply about software and its impact on the world.
In its fifth year, XConf is our annual technology event created by technologists for technologists.
Participate in a robust agenda of talks as local thought leaders and Thoughtworks technologists share first-hand experiences and exchange new ways to empower teams, deliver quality software and drive innovation for responsible tech.
Explore how at Thoughtworks, we are making tech better, together.
Tickets are now available and all proceeds will be donated to Indigitek, a not-for-profit organization that aims to create technology employment pathways for First Nations Peoples.
Click the button below to register and get your ticket for the Melbourne, Sydney or Brisbane event
GET YOUR TICKETS!
PROMOTE YOUR WEBINAR ON ITWIRE
It’s all about Webinars.
Marketing budgets are now focused on Webinars combined with Lead Generation.
If you wish to promote a Webinar we recommend at least a 3 to 4 week campaign prior to your event.
The iTWire campaign will include extensive adverts on our News Site itwire.com and prominent Newsletter promotion https://itwire.com/itwire-update.html and Promotional News & Editorial. Plus a video interview of the key speaker on iTWire TV https://www.youtube.com/c/iTWireTV/videos which will be used in Promotional Posts on the iTWire Home Page.
Now we are coming out of Lockdown iTWire will be focused on assisting with your webinars and campaigns and assistance via part payments and extended terms, a Webinar Business Booster Pack and other supportive programs. We can also create your adverts and written content plus coordinate your video interview.
We look forward to discussing your campaign goals with you. Please click the button below.
MORE INFO HERE!
.