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Airbiquity secures investment from Toyota and Denso among others

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Airbiquity, a provider of connected vehicle services, announced a $15 million minority investment in the company from Toyota Motor Corporation, Denso Corporation, and Toyota Tsusho Corporation.

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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 commercialisation 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.

“We are delighted to receive investment from three of the most successful corporations in the automotive industry,” said Kamyar Moinzadeh, President and CEO of Airbiquity. “This is an exciting time for our company, and we look forward to working with our new strategic partners to optimise and leverage OTAmatic for the next generation of connected vehicle.”


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Modified on Monday 11th March 2019
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