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Tactile Mobility Selected From Among 500 Companies to Participate in Startup Autobahn

Vlad Poptamas

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Photo source: plugandplaytechcenter.com
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Tactile Mobility, the leading tactile data and sensing company for smart and autonomous vehicles, today announced that it has been selected to join the upcoming cycle of Startup AutobahnEurope’s largest innovation platform powered by Plug and Play. The program provides an interface between industry-leading corporations and innovative tech companies, with a focus on the future of mobility. Tactile Mobility was selected for Program 6 from over 500 applicants following a meticulous screening process by representatives from Daimler, HPE, Plug and Play, University of Stuttgart, and ARENA2036, which identified breakthrough technologies in the automotive space.

Today, the smart and autonomous vehicle industry primarily implements and invests in visual sensing and data. But in order to meet and surpass human driving capabilities, vehicles must not only “see” the road, but “feel” it, as human drivers do. Tactile Mobility is pioneering tactile sensing to provide AVs with the “sixth sense.” With its unique software, which collects “first order” data using a vehicle’s embedded, non-visual sensors, e.g. wheel speed, wheel angle, RPM, paddles position, and gear position, Tactile Mobility transforms Vehicle- and Surface- DNA data into actionable insights in real-time. These insights are subsequently fed back into a vehicle’s on-board computers, where they are used to inform better driving decisions. At the same time, the data collected is anonymized and uploaded from the vehicle to the cloud, where big data analysis is applied to create crowd-sourced mapping that is critical for accurate, continually updated synopses of road conditions.

“We are thrilled to take part in this one-of-a-kind program, which is accelerating the development of crucial technologies driving the mobility industry forward,” said Amit Nisenbaum, CEO of Tactile Mobility. “Our innovative tactile sensing and data platform is a crucial component of enhancing mobility ecosystems, making vehicles smarter and roads safer. Tactile Mobility’s participation in Startup Autobahn’s exclusive Program 6 recognizes our strong leadership role and vital solution capabilities.”

Startup Autobahn’s semi-annual program connects corporate partners with startups to pilot their technology and drive the ultimate goal – a successful production-ready implementation. Program 6 will end in July 2019, culminating with the EXPO Day, where participating startups and their corporate partners will showcase their joint projects to an international audience of corporate innovators, venture capitalists, academics, and government officials.

 

SOURCE Tactile Mobility

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Artificial Intelligence

Ideanomics signs MoU with Beijing Foton Motor Company; Definitive Agreement to Follow

Vlad Poptamas

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Photo source: ideanomics.com
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Ideanomics (NASDAQ: IDEX) (“Ideanomics” or the “Company”), a global Fintech and AI catalyst for transformative industries, today announced the signing of a MoU with Beijing Foton Motor Company(“Foton”), which will serve as a pre-cursor to a definitive agreement, to allow the two parties to begin working immediately.

The agreement for China-based activities is a 2-year deal, at 5 Billion RMB (approximately $750 Million) per year, making the overall deal valued at 10 Billion RMB (approximately US $1.5 Billion). Ideanomics will provide ABS lease financing of 10 Billion RMB over two years, and fulfill with for Foton on orders of 60,000 EV buses, broken down as follows: 1) not less than 20,000 vehicles from state-owned large-scale tourism groups and referred to as “Tourist bus orders”; 2) no less than 20,000 bus orders from local governments or local bus transportation systems; 3) no less than 20,000 Tourist bus orders from major domestic tourism associations and/or their members. Furthermore, for bus orders introduced by Ideanomics, a commission will be paid for each bus unit sold, at an amount to be determined according to each respective order.

For Malaysia-based activities, including cooperation for the extended ASEAN region, the supply of bus parts and systems, including EV batteries, and a cooperation on the implementation of a charging network, for which Ideanomics shall source no less than 6,000 vehicles from the Malaysian central government and its departmental agencies including EV buses and Police passenger vehicles (cars and motorcycles). For orders within Malaysia and the ASEAN region, Ideanomics shall be entitled to commission per unit sold, at an amount to be determined according to each respective order.

For Vietnam-based activities, Ideanomics shall source no less than 20,000 vehicles, both EV Bus and passenger car for e-taxi conversion, with Foton making available its 30,000-part bus system and technology for assembly in Vietnam. The agreement allows for negotiations with the Vietnam state electrical grid, to introduce a national charging network.

The agreement also allows for projects in other geographical areas, including Europe and the Americas, on a project-by-project basis.

“We are very grateful for the efforts of Dr. Wu, Avis Zhu and the entire China-based Ideanomics team, with support from our colleagues at Treeletrik in Malaysia, for successfully delivering on this deal. Foton is arguably the premier EV bus manufacturer globally, and this agreement positions us to further consolidate our position as a global EV advisory services company, as well as enable us to expand our footprint beyond China with the leading EV bus product available today. The fact Foton promoted signing a MoU, to allow the parties to begin activities immediately while the broader definitive agreement is signed, is testament to our growing reputation as the advisory partner of choice for large-scale EV initiatives in Asia,” said Alf Poor, CEO of Ideanomics.

Beijing Foton’s commercial division is focused on building a future of efficient and environmentally friendly EV Buses and other commercial vehicles, as a vehicle manufacturer. Ideanomics is leading the way for the future of ABS financing, technology enablement with the application of blockchain and artificial intelligence technologies as part of the next-generation of financial services,” said Mr. Liang Shaowen, of Beijing Auto Foton Commercial Vehicle. “Together, Foton and Ideanomics will seize upon the opportunity of large-scale EV and Hydrogen replacement of public and private transportation infrastructure in major markets and the same time raise the standard for technologically advanced vehicles which offer dependability, reliability and improved customer satisfaction. This, coupled with compelling, economically viable, financing programs for the cities and bus operators that manage these fleets will serve a much-needed gap in the market.”

 

SOURCE Ideanomics

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Artificial Intelligence

Study on electric and smart transportation: vision is required to create an environment conducive to innovation to position local companies as leaders

Vlad Poptamas

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Photo source: ccmm.ca
Reading Time: 2 minutes

 

The Chamber of Commerce of Metropolitan Montreal and Propulsion Québec, the cluster for electric and smart transportation, today released their study entitled Positioning Quebec and Montréal as leaders in electric and smart transportation. The study is meant to fuel much-needed reflection that will enable Quebec and Montréal to stand out in this economic sector of the future.

“The electric and smart transportation niche has incredible economic and technological potential, and the city has a unique opportunity to take its place in that niche,” said Michel Leblanc, president and CEO of the Chamber of Commerce of Metropolitan Montreal. “We have everything we need to make our presence felt: a critical core of technology talent and businesses, a concentration of global leaders in artificial intelligence, and, of course, world-renowned creativity. The Chamber is proud to release this study, which is a starting point for this essential reflection process. We encourage industry decision makers and actors to read it. We all need to adopt the avenues for action it identifies to enable local businesses to develop the mobility innovations and solutions of tomorrow.”

“The future of mobility is connected, autonomous, shared, electric vehicles,” said Sarah Houde, CEO of Propulsion Québec. “This study shows that Quebec has assets to distinguish itself in these niches. We need to leverage Quebec’srecognized expertise in electrification and the pool of innovative businesses in land transportation. But our success in this changing sector requires an agile regulatory framework, adapted to both the current technological context and our ambitions. The study provides an analytical tool for the best ways to support the deployment and commercialization of transportation innovations. Propulsion Québec is determined to bring together industry stakeholders to make Quebecthe ultimate place to develop, test and implement new mobility technology.”

“The rapid rate of change in the field of transportation here and around the world requires a paradigm shift at every level to make room for innovation and ingenuity,” said Marc Blanchet, vice-president, Southwest Quebec, at SNC-Lavalin. “We support this study that speaks to all actors and offers areas of focus to accelerate innovation and provide momentum to Quebec’s electric and smart mobility industry.”

The study Positioning Quebec and Montréal as leaders in electric and smart transportation has four main chapters:

  1. A diagnosis of the regulatory framework of Quebec.
  2. A benchmark of international best practices based on an analysis of the regulatory framework and public policy from ten territories.
  3. A summary of success factors drawn from international benchmarking to identify areas of excellence and avenues for improvement for Quebec.
  4. Avenues for recommendation for Quebec and Greater Montréal, structured around three strategic areas:
    1. Strategic focus 1: Increase the offer of electric and smart mobility products and services developed in Quebec
    2. Strategic focus 2: Increase demand for electric and smart transportation
    3. Strategic focus 3: Ensure the growth of the transportation industry by optimizing and coordinating government strategies

To consult the entire study and its highlights, visit ccmm.ca/etude_transports_electriques (in French only).

 

SOURCE Chamber of Commerce of Metropolitan Montreal

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Automotive

Electric Mobility for Smarter Cities: The Future of Energy

Zoltán Tűndik

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Electric Mobility Market will observe a lucrative growth from 2018 to 2026 due to rise in demand for and sales of electric vehicles in developing countries due to concerns about high air pollution levels”

Electric mobility refers to all vehicles that are powered by an electric motor or those that receive power or energy primarily from the power grid. Electric mobility includes all-electric vehicles, which include battery operated electric vehicles, plug-in hybrid electric vehicles, and hybrid electric vehicles. Electric mobility is majorly a low or zero-emission vehicle, which contributes significantly toward a greener environment through a reduction in carbon emission.

The surge in emission levels, which are harmful and injurious to the human health and environment, caused by fossil fuel powered vehicles has prompted global and state regulatory bodies to propose, design, and develop eco-friendly machinery and vehicles. This has led to the development and operation of electric mobility, which is considered the best possible alternate vehicle for the environment. A rapid rise in demand for and sales of electric vehicles in developing countries due to concerns about high air pollution levels is a key factor that is projected to drive the electric mobility market during the forecast period.

Additionally, growing support by governments around the world, by means of initiatives and subsidies, around the world is another factor that is anticipated to propel the electric mobility market during the forecast period. Furthermore, rise in adoption of electric mobility for commercial purposes, such as taxis, across the globe, especially in countries such as China, and the U.S., coupled with rising in demand for alternative fuel vehicles is another major factor that is projected to boost the electric mobility market during the forecast period. However, a lack of charging infrastructure coupled with the higher cost of electric mobility is likely to restrain the electric mobility market during the forecast period.

In terms of vehicle type, the electric mobility market can be classified into passenger electric vehicle and commercial electric vehicle. The passenger electric vehicle segment accounts for a higher share of the electric mobility market. This is majorly due to a higher rate of adoption of electric vehicles owing to emission concerns and awareness coupled with stringent government emission norms and policies.

Based on component, the electric mobility market can be bifurcated into electric motor, battery, and other three segments. The battery segment dominated the electric mobility market, primarily due to its application as a highly essential component of any kind of automobile. It serves as a primary power source for electric automotive functions.

Major players operating in the global electric mobility market include Tesla, Inc., Nissan Motor Corporation., Toyota Motor Corporation., Renault, Hyundai Motor Company, General Motors, Ford Motor Company, AB Volvo, BMW AG, BYD Company Limited., Daimler AG, Honda Motor Co., Ltd., Mitsubishi Motors Corporation, Tata Motors, and Volkswagen AG.

Get More Insight About Electric Mobility by TMR

Written by Chaitali Gawande

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