Mobileye to launch driverless taxis in 2022

Mobileye taxi Photo: Mobileye
Mobileye taxi Photo: Mobileye

Mobileye announced that electric autonomous vehicles will operate under the MoovitAV brand for taxi services in Tel Aviv and Munich.

Intel autonomous vehicle unit Mobileye has unveiled its 6-passenger, electric autonomous vehicle at the Munich Motor Show. The electric Mobileye autonomous vehicles will operate under the MoovitAV service branding and will be used for commercial driverless ride-hailing services in Tel Aviv and Munich starting in 2022. The service will be operated in cooperation with international rental company Sixt SE.

The robot taxis will use Chinese manufactured NIO electric vehicles, which were recently delivered to Mobileye and will use the Mobileye Drive self-driving system featuring 8 EyeQ5 SoCs in the AVKIT58. Mobileye will own the fleet of cars, while Sixt will operate and maintain them.

Germany recently enacted an Autonomous Vehicle Law, which allows use of autonomous vehicles on the country's roads and will allow Mobileye's robot taxis to start operating next year as part of a pilot project. Regulatory approval will be needed for commercial services. Despite Mobileye's declaration, it is unclear if autonomous taxi services will be able to begin next year.

Mobileye is also considering offering a future package of electric cars adapted to the specific requirements of autonomous cars. Mobileye is in talks with German car manufacturers on the matter, who would produce, what is called in the industry a 'skateboard' on which the vehicle will be added in various configurations and integrated with Mobileye's systems.

Intel CEO Pat Gelsinger told the Munich Motor Show that by 2030, chips will make up 20% of the components of premium cars, five times more than their proportion in 2019.

Mobileye founder and CEO Prof. Amnon Shashua estimates that the cost of the autonomous 'kit' for the autonomous taxi project is currently about $20,000, which makes it most suitable for revenue producing commercial operations.

Shashua estimates that by 2024, Mobileye will be able to reduce the cost of the kit for cars to about $5,000 which will make it suitable for serial production for cars for private owners. The reduction in price is due to LIDAR and radar components being developed by Intel.

Published by Globes, Israel business news - en.globes.co.il - on September 8, 2021

Copyright of Globes Publisher Itonut (1983) Ltd. 2021

Mobileye taxi Photo: Mobileye
Mobileye taxi Photo: Mobileye
Inflation  credit: Tali Bogdanovsky Unexpectedly low February CPI reading cuts inflation

While inflation in Israel in the 12 months to the end of February 2025 is lower than forecast, housing prices continue to rise.

Yitzhak Tshuva credit: Gidon Levy and Tali Bogdanovsky Competition Authority allows Delek takeover of Isracard

The Competition Authority is considered the easier of the two regulatory hurdles that the deal must overcome, the other being the Supervisor of Banks.

David Amsalem  credit  Noam Moskowitz, Knesset Spokesperson's Office Rafael to pay state NIS 444m dividend

The minister in charge of the Government Companies Authority, David Amsalem, has approved the payment by the defense company.

Barak MX air defense system  credit: IAI IAI profit jumps 55%

Israel Aerospace Industries posted a net profit of $493 million for 2024, and ended the year with an all-time high orders backlog of $25 billion.

A TSG system in tactical use  credit: PR TSG signs cooperation agreement with US defense co

The agreement includes the integration of TSG's advanced technologies into sensor-based defense systems, which will be integrated into the operational systems of US defense units.

Bria CEO Yair Adato credit: Kseniia Poliak Israeli visual generative AI co Bria raises $40m

Bria’s Visual Generative AI platform empowers businesses to create predictable, controllable, and on-brand content that aligns with their visual language.

Amnon Shashua and Aviram Ziv credit: Eyal Izhar OrCam stymied by investor dispute with Shashua

Demands by institutional investors are blocking the visual and hearing impairment device developer's recovery plan.

Work on the Green Line credit: Bar Lavi Egged wins tender to operate TA light rail Purple, Green Lines

NTA awarded the tender to Egged, which already operates the Red Line, despite government ministry opposition to one operator for the entire network.

Gabi Seroussi illustration: Gil Gibli Board chooses Seroussi as IAI chair as Erdan freezes candidacy

Israel Aerospace Industries board chose Gabi Seroussi as chair even though he did not to go through the preliminary process of the Government Companies Authority appointments review committee.

Bavli Park penthouse credit: Eyal Tagar Tel Aviv Park Bavli penthouse sells for NIS 43m

A 44th floor penthouse in one of the two towers in businessman Yitzhak Tshuva's Park Bavli project has been bought by an Israeli businessperson.

El Al aircraft  credit: Yoav Yaari El Al pilots receive nearly NIS 250,000 bonus each

Thanks to the agreements signed with the unions in 2018, El Al's employees as well as senior management share in last year's success.

Pentera CEO Amitai Ratzon credit: Eyal Izhar Israeli security validation co Pentera raises $60m

Pentera's platform enables security teams to analyze complete attack paths, identify root causes, and prioritize remediation for effective risk reduction.

Tel Aviv credit: Shutterstock Supply of unsold new homes hits record

Israel's real estate market is sliding into recession with 78,000 unsold new apartments in January, the Central Bureau of Statistics reports.

D&B chairman Doron Cohen and Meitar partner Dan Geva Meitar reclaims title of Israel's biggest law firm

Meitar has first place with 537 lawyers, followed by Herzog Fox Neeman with 512 lawyers, according to the latest Dun's 100 rankings.

First International Bank of Israel CEO Eli Cohen  credit: Eyal Toueg First Int'l posts top return on equity

First International Bank of Israel's return on equity in 2024 was 19%, the highest among Israel's banks.

Dina Ben Tal Ganancia  credit: Guy Kushi & Yariv Fein El Al almost quintuples profit

The airline posted a net profit of $545 million for 2024, 4.7 times the profit in 2023, and an all-time high.

Twitter Facebook Linkedin RSS Newsletters גלובס Israel Business Conference 2018