Car manufacturer Toyota, along with two of its suppliers Denso and Aisin Seiki, investing almost $3 billion in new company to develop software for driverless vehicles

Briefing

March 8, 2018

Briefing	Toyota Research Institute-Advanced Development – Japanese car manufacturer Toyota Motor Corp., and suppliers Denso Corp.and Aisin Seiki Co., will invest $2.8 billion in new company, called Toyota Research Institute-Advanced Development, which will develop autonomous driving software for vehicles Employee Headcount – Will start with 300 employees with plans to increase to 1,000 Olympics Demonstration – New software system will be applied to fully autonomous electric delivery vans to be showcased at 2020 Tokyo Olympics 2020 Goal – Toyota has set 2020 as target date for testing self-driving electric cars capable of conversing with drivers through artificial intelligence technologies
Accelerator	Artificial Intelligence, Transportation and Mobility
Sector	Transportation and Logistics
Organization	Aisin Seiki Co., Denso Corporation, Toyota Motor Corp.
Source	Lippert, J., "Toyota adding $2.8 billion to self-driving software outlays", Bloomberg, https://www.bloomberg.com/; Farooqui, A., "Toyota investing billions in new self-driving car company", Ubergizmo, http://www.ubergizmo.com/; Gohd, C., "Toyota is launching a $2.8 billion self-driving car company", Futurism, https://futurism.com/; AcceleratingBiz analysis
Original Publication Date	March 5, 2018

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