Delphi buys Autonomous Vehicle Company Nutonomy for $400 million
Delphi Automotive announced it is purchasing the self-driving car company Nutonomy for $450 million. Founded in 2013 by Dr. Karl Iagnemma and Dr. Emilio Frazzoli, Nutonomy is Boston-based company that develops autonomous vehicle technology. In discussing the purchase, Delphi Chief Technology Officer Glen De Vos noted that Delphi wants to be a leader in autonomous vehicles but sees the technology accelerating first in the commercial space and then bleeding over into consumer vehicles over time. By buying Nutonomy, De Vos sees Delphi gaining a significant advantage in intellectual property and engineering talent. Upon completion of this purchase, Delphi will have autonomous driving operations in Boston, Pittsburgh, Singapore, Santa Monica, and Silicon Valley and the company aims to have 60 autonomous cars on the road by the end of the year.
