SOMPO Holdings Autonomous Driving Development Venture and Strengthening of Relationships August 28, 13:26
"SOMPO Holdings", a major non-life insurance company, will accelerate its efforts to popularize autonomous driving by strengthening its capital relationship with a venture company from Nagoya University that develops autonomous driving systems. ..
According to the announcement, SOMPO Holdings will invest 9.8 billion yen in a venture company "Tiafour" originating from Nagoya University, which has a capital relationship through a subsidiary, and raise its holding ratio to 18%.
This company is developing the basic software that is the core of the autonomous driving system, and it is also adopted in Toyota's electric vehicles.
Sompo Holdings is accelerating its efforts to popularize autonomous driving by sharing data such as accidents accumulated through automobile insurance with "Tiafour" and proposing safer driving routes.
On top of that, we plan to cooperate with the development of automobile insurance that supports autonomous driving.
On the other hand, Tiafor plans to use the funds obtained this time for R&D investment, and wants to lead the technological development competition for automated driving, which is becoming increasingly fierce in Europe, the United States, and China.