The Israeli auto-technology company Mobileye has entered into an agreement with Volkswagen to provide software for self-driving cars, Globes reported on Thursday.
Mobileye co-founder and chairman Prof. Amnon Shashua told Army Radio that his company is developing unique maps self-driving vehicles, which he described as the missing piece of the puzzle of the coming transportation revolution. Shashua predicted it would make possible the introduction of self-driving cars onto the roads by 2020.
In a report to the U.S. Securities and Exchange Commission (SEC), Mobileye said that an agreement had been signed with Volkswagen, and that talks would be held for the signing of a binding agreement in order to install Mobileye’s technology in Volkswagen vehicles. Mobileye agreed to restrict its talks concerning its technology to a limited number of manufacturers (General Motors, Volkswagen, and a third company).
Mobileye has developed technology that warns drivers about road hazards. Its system includes chips, software, and cameras.