Airbiquity has announced a $15 million minority investment in the company from Toyota Motor Corporation, DENSO Corporation, and Toyota Tsusho Corporation.
This investment will support Airbiquity’s expansion of the development of connected vehicle software technology and cloud-based services.
Additionally, the four parties will collaborate to accelerate the development and commercialization of an automotive grade over-the-air (OTA) system enabling remote vehicle software updates and management; increased production and operational efficiencies throughout the vehicle lifecycle; and new mobility services powered by data and analytics.
Central to this alliance is Airbiquity’s market-leading OTAmatic software and data management offering for connected vehicles.
Source: Press Release