SoftBank Invests $225M in Utah's Autonomous Solutions, Forms Construction Robotics Joint Venture
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Insider Brief SoftBank Group invested $225 million in Autonomous Solutions Inc . and formed a joint venture with the industrial automation company to develop and commercialize autonomous construction equipment . According to ASI, the joint venture will focus on large infrastructure projects and construction use cases, including civil construction and material handling. SoftBank also capitalized the venture to support deployment of the technology at commercial scale. Utah-based ASI develops Mobius, a fleet-management platform designed to coordinate autonomous industrial vehicles from different manufacturers. The $225 million investment will also support ASI's wider commercial operations in the construction market, the company noted. ASI CEO Mel Torrie said the investment and ASI's more than 25 years of technology development will help the company expand autonomous construction systems while working with infrastructure builders in areas such as roads, airports, railways and waste management. "This joint venture with SoftBank positions ASI at the forefront of autonomous construction innovation - built for scale, engineered for longevity, and open to every major equipment brand on the jobsite," added Torrie. "Together, we offer automated OEM-agnostic heavy equipment solutions that let customers deploy mixed fleets of haul trucks, dozers, loaders, compactors, and more - all...
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