Yamaha Motor Invests Further in Autonomous Driving Technology Developer TIER IV ― Further Driving the Automated Transport Solutions Business ― - News releases
Summary
IWATA, July 19, 2022 - Yamaha Motor Co., Ltd. (Tokyo: 7272) is proud to announce that it has made an additional investment in TIER IV Inc., with the aim of establishing autonomous driving technology as well as promoting its commercialization, including its automated transport solutions business for factory grounds. This additional investment is for Series B round financing through third-party allotment by TIER IV, and investors besides Yamaha Motor include Sompo Holdings, Inc. and Bridgestone Corporation. This brings TIER IVs Series B total funding to 12.1 billion yen. In addition, TIER IV was selected as the R&D project Level 4 autonomous driving software of the Green Innovation Fund administrated by the New Energy and Industrial Technology Development Organization (NEDO). Through this and other initiatives, Yamaha Motor aims to provide various solutions by further establishing the technology for low-speed automated driving under specific conditions.