$24 million raised to build an open source network for autonomous vehicles
This investment brings the future of transportation and MaaS closer, delivering a network that will remove information silos in the sharing economy.
DAV Foundation has raised $24 million in fundraising to develop an open source platform for self-driving vehicles, on the ground, in the air and on the water.
The DAV platform allows vehicles to interconnect with other vehicles and operators on the network, enabling them to discover, communicate and transact with each other. Users will have an entire ecosystem of self-driving vehicles on-demand that is able to bring them anything or take them anywhere.
The DAV Foundation exists to enable Mobility-as-a-Service, supporting a new passenger economy with large scale enablement and adoption of drones, autonomous vehicles, robots and the required infrastructure, including charging stations, vehicle communication and peer-to-peer trading.
Currently, large organisations are experimenting with fleets of autonomous vehicles: Domino’s Pizza delivery robots, Amazon’s Prime air drones, Waymo’s autonomous taxis. These and other pilot projects are leading the way towards fully autonomous transportation systems. All will face the same issues of perception, localisation and decision making, as well as a need for charging and docking infrastructure. These challenges restrict the pace at which autonomous technologies are released and adopted by the market.
Noam Copel, Founder and CEO of the DAV Foundation, said: “The automotive and transportation industries are undergoing their biggest revolution since Henry Ford’s first assembly line in 1908. The booming ‘sharing economy’ is shaking up industries from office space, to music to transportation. In addition to this, technology advances will soon make autonomous vehicles an integral part of our daily lives.
“As these trends converge, the movement of goods and people will take a completely new shape, but the barriers of centralisation remain. To overcome these obstacles the autonomous vehicle sector needs a decentralised transportation infrastructure, one that incentivises all participants – businesses, citizens, manufacturers, insurers – to use it and integrate it into their everyday activities.”
DAV Foundation addresses these centralisation barriers by providing an open source, decentralised network that enables and encourages collaboration, ultimately delivering true MaaS in the near term. Using open source technology and principles will bring innovation to the edge. It will give more participants control over the pace and direction of autonomous vehicle innovation, simplifying and harmonising the development of innovative applications and services.
Since May 2018, the DAV Foundation has launched autonomous drone and boat charging services and will be soon be introducing its decentralised ride-hailing network, long-range drone charging facilities and enabling the first vehicle to hire another vehicle to complete the last mile of a delivery.