Hyundai reportedly in talks to purchase SoftBank-owned Boston Dynamics

By | November 9, 2020

Boston Dynamics could possibly be set to alter arms as soon as once more, in accordance with a brand new report from Bloomberg that cited “individuals acquainted with the matter.”

The deal would make Korean automaker Hyundai the third firm in seven years to personal the robotics agency, following gross sales to Google and SoftBank Group. Boston Dynamics is well-known in and out the business for making a number of the most superior robotics methods on the planet, together with BigDog and the humanoid Atlas.

We’ve reached out to Hyundai, Softbank and Boston Dynamics for remark and can replace if any reply.

Since turning into part of SoftBank in 2017, nevertheless, Boston Dynamics has aggressively pushed to commercialize its merchandise after 1 / 4 century of being centered on navy and analysis robotics. Its Spot robotic went up on the market final yr and has appeared in a variety of various functions. Latest notable appearances embrace Ukraine’s Chernobyl, the NYPD and telemedicine.

The corporate has additionally been working to supply its wheeled Deal with robotic for warehouse achievement functions, which can little question maintain some curiosity for potential purchasers amid the COVID-19 pandemic. Nonetheless, making an attempt to scale these sorts of superior — and expensive — applied sciences is a tough proposition and requires homeowners with endurance and deep pockets. Softbank, notable, has had some struggles this yr, together with dangerous bets like WeWork.

Whereas the Softbank has had its hand in robotics — together with, most notably Pepper-maker Aldebaran Robotics — Hyundai’s imaginative and prescient has been far more inline with Boston Dynamics’ work. Take the latest instance of its sci-fi-style Ultimate Mobility Vehicles, which mix conventional transport with reworking robotic applied sciences.

Hyundai has proven growing curiosity in automated automobile know-how and robotics over the previous yr. Hyundai formed a joint venture with autonomous driving know-how firm Aptiv, with each events taking a 50% possession stake within the new firm now often known as Motional. The objective of the brand new enterprise might be to develop Degree 4 and Degree 5 production-ready self-driving methods meant for commercialization, with the objective of constructing these out there to robotaxi and fleet operators, in addition to different auto makers, by 2022.

The mixed funding within the three way partnership from each firms totaled $4 billion in mixture worth (together with the worth of mixed engineering companies, R&D and IP) initially, in accordance with Aptiv and Hyundai, and testing for his or her absolutely autonomous methods will start in 2020 in pursuit of that 2022 commercialization goal.

Hyundai isn’t accomplished spending cash on autonomous automobile know-how. In October 2019, the automaker dedicated to investing 41 trillion South Korean received ($35 billion) into “future mobility applied sciences” by the yr 2025. Whereas a bulk of these funds will go in the direction of the electrifying its portfolio, Hyundai is expressly serious about autonomous autos and different future mobility applied sciences.

Leave a Reply

Your email address will not be published. Required fields are marked *