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Autonomous driving AI (artificial intelligence) software company Rideflux has partnered with Tata Daewoo Mobility to develop Level 2+ driver assistance systems for large trucks. The companies plan to expand their collaboration to include fully autonomous Level 4 trucks in the future.
Rideflux announced on the 7th that it signed a memorandum of understanding (MOU) with Tata Daewoo Mobility for cooperation on developing commercial vehicle Level 2+ driver assistance systems and Level 4 autonomous driving technology.
The two companies will implement Rideflux's autonomous driving software on Tata Daewoo Mobility's large trucks, "Macsen" and "Gusen," to advance the Yangsan Level 2+ driver assistance system. Tata Daewoo Mobility will provide vehicle platforms and vehicle control interfaces, while Rideflux will be responsible for developing DCAS (Driver Control Assistance System) software compliant with international standards (UN R171).
The Level 2+ driver assistance system is a technology that integrates longitudinal and lateral vehicle control during driving scenarios, including lane keeping, lane changes, merging/diverging, overtaking, and tollgate passage.
Rideflux plans to utilize actual driving data collected from Yangsan vehicles in the future to improve Level 2+ system performance and validate Level 4 autonomous driving technology. Through this, the company will progressively advance the development of Level 2+ Yangsan and fully unmanned Level 4 trucks.
Through this collaboration, Rideflux will expand its revenue model into a B2B business supplying software to original equipment manufacturers (OEMs), following its previous efforts in autonomous driving validation and transportation services. In July, it began paid freight transport using autonomous large trucks with Hanjin.
The companies are also pursuing entry into overseas markets. They plan to explore applying autonomous driving technology to the global commercial vehicle market by integrating with the SDV (Software-Defined Vehicle) architecture of Tata Motors India, the parent company of Tata Daewoo Mobility.
Rideflux is currently proceeding with initial public offering (IPO) procedures for listing on KOSDAQ. The company plans to expand its business model from government-led validation projects to supplying autonomous driving software to private vehicle manufacturers through this collaboration.
Park Jung-hee, CEO of Rideflux, stated, "This agreement marks a milestone in expanding beyond the government-led validation business structure into the private B2B market for Yangsan vehicles. We will pursue the application of Level 2+ Yangsan and commercialization of Level 4 in the global commercial vehicle market, starting with Tata Daewoo Mobility and extending to Tata Motors."
[MoneyToday Startup Media Platform Unicorn Factory]
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