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Mobileye Kicks Off Self-Driving Testing in the United States

Mobileye, a Jerusalem-based autonomous driving tech company, has launched a testing program for its self-driving vehicles in the United States. This marks the first time that the firm is taking its autonomous vehicle (AV) solution to U.S. roads.”

According to Mobileye CEO Amnon Shashua, the company launched phase 4 of its AV testing program in Detroit, Michigan on September 8, 2022. The program will test the fully-autonomous driving solution dubbed Mobileye Drive, which uses the company’s proprietary AV technologies. 

The test program uses the Level 4 self-driving solution from Mobileye. The Mobileye self-driving cars in this testing phase use the all-electric NIO ES8. Due to using the Mobileye Drive tech, the SUV is equipped with multiple technologies that make it fully capable of driving through roads all on its own. 

This includes True Redundancy™, which is a technology that combines both camera-driven AV tech and radar/lidar powered AV tech into a single vehicle; Road Experience Management™ (REM™), which is a crowdsourced and consistently updated map to ensure accurate navigation; and Responsibility-Sensitive Safety (RSS), which ensures automated vehicle safety with multiple mechanisms. 

When put together, this gives AVs a highly self-sufficient system that ensures safe yet comfortable drives. In the NIO ES8 vehicles that are being used within the Level 4 program, this technology is powered by 11 cameras, 6 radars, 3 long-range lidars and 6 short-range lidars. 

The purpose of testing Mobileye self driving cars in a busy environment such as Detroit is to make the system learn more about the everyday driving challenges that are faced by a usual car owner. To ensure public safety on the streets of Detroit, all vehicles will be accompanied by a safety driver behind the wheel. In addition to this, the vehicles will not take any passengers or give rides to members of the general public. 

Mobileye Is Gearing Up For An IPO

The Israeli autonomous vehicle firm is also gearing up for an IPO. Intel, a major stakeholder in the company notes that the IPO raise amount will be lower than initially planned.

There are a variety of reasons as to why this is the case but a primary reason is likely that market enthusiasm has waned over the past year. A medley of factors from lower expected earnings for many companies to higher interest rates and tighter liquidity conditions make it to where firms have to be more cautious as they make investments, approach public markets, and navigate into the future.

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