Deals
Delphi Buys Self-Driving Startup NuTonomy for $450 Million
- Supplier to start driverless taxi test in Singapore in 2019
- NuTonomy deal roughly doubles size of Delphi self-driving team
NuTonomy CEO on Delphi Combination, Self-Driving Cars
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Delphi Automotive Plc agreed to acquire self-driving startup NuTonomy Inc. for $450 million, speeding up its plans to supply carmakers with autonomous vehicle systems.
NuTonomy will add more than 100 employees, including 70 engineers and scientists, to roughly double Delphi’s team developing autonomous driving software, according to a statement. The company was spun out from a research and technology alliance between Singapore and the Massachusetts Institute of Technology and its backers include Ford Motor Co. Chairman Bill Ford’s venture capital fund.