ASI
ASI CEO Mel Torrie, left, and SoftBank Group Chairman and CEO Masayoshi Son, celebrate the formation of their joint venture.
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ASI
ASI CEO Mel Torrie, left, and SoftBank Group Chairman and CEO Masayoshi Son, celebrate the formation of their joint venture.
Autonomous Solutions, Inc. (ASI) announced that it has formed a joint venture with SoftBank Group Corp., focusing on the development and commercialization of autonomous construction equipment for large infrastructure projects.
The company said that the joint venture has been capitalized by SoftBank Group to meaningfully scale across several construction use cases, substantially enhancing ASI's capacity to meet the market's need for next-generation autonomous technologies focused on civil construction and material handling.
ASI is an industrial vehicle automation company and creator of the Mobius platform.
“This joint venture with SoftBank positions ASI at the forefront of autonomous construction innovation - built for scale, engineered for longevity, and open to every major equipment brand on the jobsite,” said Mel Torre, CEO of ASI. “Together, we offer automated OEM-agnostic heavy equipment solutions that let customers deploy mixed fleets of haul trucks, dozers, loaders, compactors, and more - all operating autonomously together across complex tasks from earthmoving to vertical construction.”
ASI said that in addition to the ASI/SoftBank joint venture, SoftBank Group invested $225M in ASI. The company said that the investment provides capital to grow its commercial operations across the broader construction market.
“Backed by world-class capital and 25+ years of proven technology, we’re not just advancing autonomy - we’re inviting the industry’s leading builders of large infrastructure projects, like roadways, airports, railways, waste management and other adjacent applications, to shape the future of construction with us,” Torre added.
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