Delphi buys nuTonomy

Delphi Automotive, the auto parts manufacturer, is to buy driverless car software specialist nuTonomy for $400 million in cash with another $50 million if performance targets are met.

The two companies have been testing automated vehicles in Singapore.

Buying nuTonomy adds 100 engineers and scientists to Delphi’s automated driving team bringing it up to around 200 people.

Four year-old nuTonomy has raised raised $19.6 million in VC funds. Investors include Highland Capital Partners, Samsung Ventures and Bill Ford’s Frontinalis Partners.

“Our mission has always been to radically improve the safety, efficiency, and accessibility of transportation worldwide,” says nuTonomy co-founder and CEO, Karl Iagnemma, “joining forces with Delphi brings us one step closer to achieving our goal with a market-leading partner whose vision directly aligns with ours. Together we will set the global standard for excellence in autonomous driving technology.”

nuTonomy’s development collaborations with Lyft, Groupe PSA and others will continue.