Apple is reportedly working to buy a self-driving car startup to boost an autonomy project led in part by a former Tesla executive

Advertisement
Apple is reportedly working to buy a self-driving car startup to boost an autonomy project led in part by a former Tesla executive

Tim Cook

Getty

Apple CEO Tim Cook.

Advertisement

Apple is working to acquire the autonomous-vehicle startup Drive.ai, The Information's Amir Efrati and Alex Heath reported.

The prospective deal could reportedly end with dozens of Drive.ai's engineers working for Apple. Drive.ai was founded in 2015 and has been testing a small number of self-driving shuttles in Texas. The startup has raised $77 million so far, according to Pitchbook, and has been looking for a buyer this year, The Information reported in February.

Complimentary Tech Event
Transform talent with learning that works
Capability development is critical for businesses who want to push the envelope of innovation.Discover how business leaders are strategizing around building talent capabilities and empowering employee transformation.Know More

Apple and Drive.ai did not immediately respond to Business Insider's requests for comment.

Read more: Elon Musk says Tesla's cars will defy the laws of the auto market and become more valuable over time. Experts say he's probably wrong.

Advertisement

Drive.ai

Drive.ai

An autonomous shuttle operated by Drive.ai.

According to The New York Times, Apple has been quietly working on autonomous-driving technology since 2014 but has narrowed the project's scope from building electric self-driving cars to creating the technology for an autonomous shuttle to be used by its employees. Apple's autonomous-vehicle team is led in part by Doug Field, a former vice president of engineering at Tesla.

The research and consulting firm Navigant placed Apple last in its 2019 ranking of companies developing autonomous-driving technology. The firm evaluated 20 companies based on criteria like strategy and execution.

In a report submitted to the California Department of Motor Vehicles, Apple said its safety drivers had to manually take over their autonomous test cars, because of safety concerns, about once every 1.1 miles in 2018, far behind autonomous-driving leaders like the Google spinoff Waymo and the General Motors-backed Cruise, which reported disengagements about once every 11,000 miles and once every 5,200 miles, respectively.

Read The Information's full story here »

Get the latest Tesla stock price here.

Advertisement
{{}}