Mobileye Global (MBLY) Aims to Expand its Robotaxi Service

On June 16, Mobileye Global Inc. (NASDAQ:MBLY) revealed plans to expand its robotaxi service by creating a fully owned autonomous ride-hailing entity, which goes beyond its conventional role as a supplier of self-driving technology. The project, which combines the company’s cutting-edge autonomous driving technology, fleet management, rider services, and mobility operations into a vertically integrated business model, is set to begin in a United States city in 2027.

The new business will support Mobileye’s current position as a global supplier of autonomous driving solutions to automakers and mobility players. The company will establish a separate operating business that will be devoted to providing autonomous ride-hailing services to customers, as it continues to facilitate existing customer deployment initiatives.

As an independent autonomous driving platform, Mobileye Drive is presently being incorporated into partner projects. Under the new model, Mobileye will expand its function throughout the entire robotaxi ecosystem. This will be done through the integration of Mobileye Drive with the Mobility Platform and the user-facing apps of its subsidiary, Moovit, as well as multimodal trip planning, fleet management, autonomous vehicle mission control capabilities, and teleoperation system integration.

Mobileye Global Inc. (NASDAQ:MBLY) develops advanced driver assistance systems (ADAS) and autonomous driving technologies (AV). It delivers end-to-end solutions comprising Base ADAS, Cloud-Enhanced ADAS, and Surround ADAS. It also offers safety features including collision warning, lane departure warnings, headway monitoring, speed limit indicator, blind spot detection, and more.

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