According to a company statement seen by (Namazon site), Walid Al-Muqrab Al-Muhairi, Group Vice President and CEO of the Alternative Investments and Infrastructure Sector in Mubadala, said: From building a strong investment portfolio in technology companies that directly contribute to achieving transformations in large and fundamental global sectors.
He continued: Our partnership with Alphabet and our investment in Wimo is consistent with our conviction about the importance of self-driving technology in bringing about an important and qualitative shift in the transportation sector. This step is an opportunity to invest in one of the strongest administrative and technical teams in the technology sector, as well as partnering with one of the leading technology companies in the world.
"We have always sought to accomplish our mission with one team spirit, as we collaborate with our Alphabet and other business partners and the communities in which we work to develop, build and deploy the use of the most experienced driver in the world," said John Kravchik, CEO of Wimo. Today, we are expanding this team by bringing together financial investors and important strategic partners with long decades of experience investing in successful technology companies and supporting them in building transformational products.
He added: We will work with Alphabet to invest the financial resources and commercial expertise of our new partners in order to increase our investment in our human cadres, our technologies and operations, and dedicate all of this to support the dissemination of the experience of self-driving and emo Driver all over the world.
On his part, Egon Durban, Co-CEO at Silver Lake, said: “Emo is the world leader in automotive technology, and is the only company of its kind to provide Passenger transport services by self-driving cars, and is very successful in spreading this experience. We share and emo its commitment to raise levels of road safety and security, and we look forward to cooperating together to help expand the experience of the Emo Driver in the United States and abroad.
The latest investment round comes after WEMO's success in achieving a series of operational and technical achievements, as its self-driving cars have so far crossed over 20 million miles on public roads through more From 25 cities, and more than 10 billion miles in simulation experiments.
The engineers and technicians at the company’s factory extended ...
