Singapore startup nuTonomy leads the way on autonomous vehicles with $16M funding

nuTonomy

When asked on a recent trip to Singapore whether an 11 yr old student thought they would ever drive a car her answer was no.

This isn’t due to a lack of affordable cars, high tax rate or lack of parking. No, this young person thought tbat autonomous vehicles will be the norm by the time she and her school friends reach driving age, and she may not be wrong.

On the same trip I got to meet some of the team from the company nuTonomy, a team developing autonomous vehicles and a spin off from research out of MIT.

Having just raised $16m in a recent round of funding nuTonomy are leading the way to making driverless cars a reality.

Bob Davis, General Partner at Highland Capital Partners, commented on the funding round: “nuTonomy is a global leader in the self-driving car space, and they’re leading the charge to change the fundamentals of human transportation. We’re very excited to help nuTonomy put the world’s first autonomous taxi fleet on the road.”

“nuTonomy’s self-driving software is ushering in a new era of autonomous mobility,” added Chris Thomas, Founder and Partner at Fontinalis Partners. “The opportunity to partner with teams like nuTonomy’s—groups that are reshaping transportation systems around the globe—is the reason we founded Fontinalis.”

Positioned to be the first company in the world to deliver an autonomous taxi service, and with plans to launch a commercial offering in 2018 the company currently operates an R&D fleet in Singapore, where it is the first private company to win governmental approval for testing on public roads. nuTonomy is set to offer a complete service including; AV navigation for urban environments, smartphone-based ride and hailing, fleet routing and management.

Dr. Karl Iagnemma, co-founder and CEO of nuTonomy said of their recent success: “nuTonomy’s self driving vehicle software unlocks access to a multi trillion dollar global ‘robo-taxi’ opportunity.’

After seeing nuTonomy in action it’s not hard to see why the young people of Singapore see themselves in autonomous vehicles rather than the cars we know today.