SoftBank Allocates $225M to Autonomous Solutions for Construction Robotics Venture

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RobotToday Industry Briefing

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 Bock
Read at AIInsider

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