And there is no surprise as this industry requires a quick reaction to constantly changing demands. Mobileye aims to surpass Waymo and other players, therefore, the company is bringing the big guns. Mobileye has decided to deploy commercial robotaxi services and focus more on its activity as a robotaxi operator.
Mobileye develops vision-based self-driving cars and advanced driver-assistance systems (ADAS) providing warnings for collision prevention and mitigation. This is a multi-billion-dollar business that employs 1,700 people and has offices in the US, China, Japan, and Germany. Above all, the company generated nearly $1 billion in sales from this business, and its tech made it into 17.5 million new cars in 2019.
Founded in 1999, the company developed algorithms, and a custom accelerator processor chip called the EyeQ chip. Mobileye’s first clients were automotive manufacturers BMW, General Motors, and Volvo. They integrated Mobileye’s technologies into their cars.
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