SoftBank Allocates $225M to Autonomous Solutions for Construction Robotics Venture
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SoftBank Group has invested $225 million in Autonomous Solutions Inc. (ASI) to establish a joint venture aimed at developing autonomous construction equipment for large infrastructure projects. This collaboration will leverage ASI's Mobius fleet-management platform to enhance civil construction and material handling capabilities, supporting a variety of autonomous vehicles from different manufacturers.
The significance of this investment lies in ASI's extensive experience in technology development over 25 years, which will facilitate the expansion of autonomous construction systems. ASI CEO Mel Torrie emphasized that the joint venture positions the company at the forefront of innovation in autonomous construction, enabling the deployment of mixed fleets of heavy equipment for complex tasks.
Looking ahead, the joint venture is expected to focus on large-scale infrastructure projects, including roads, airports, and waste management. No further timeline was disclosed at the time of publication.
Original report
SoftBank Invests $225M in Utah’s Autonomous Solutions, Forms Construction Robotics Joint Venture
AIInsider · Greg BockThis briefing is an independently written summary based on publicly available reporting and is provided for industry information and news discovery. The original report and source publication are credited and linked where applicable. RobotToday does not claim ownership of third-party source material.
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