It’s a breath of fresh air in the making. When Uber – the renowned transportation startup and Volvo agrees to a partnership for a business venture, you know its definitely bound to re-define success.
According to Bloomberg report, Uber and Volvo have signed a $300 million agreement to develop autonomous vehicles which will firstly take off in Pittsburgh, Pennsylvania later this month.
An autonomous car is a vehicle that is capable of sensing its environment and navigating without human input. Autonomous cars can detect surroundings using a variety of techniques such as radar, lidar, GPS, odometry, and computer vision.
With this development, the Swedish-based carmaker owned by China’s Geely and ride-hailing service – Uber have visualize the potentials of developing the autonomous driving with an initial plan of launching the Volvo’s XC90 SUV model to commence the ground-breaking partnership. The investment resources are motivated to be shared equally by both companies involved.
This deal is in a bid for Uber to attract and team up with vehicle manufacturers at Silicon Valley, and largely plan to discard its minicabs drivers.
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