Porsche invests in Israeli technology startup Tactile Mobility

Porsche invests in Israeli technology startup Tactile Mobility

October 30, 2019 0 By autotimesnews

The company collaborates with several car manufacturers, including Ford and Porsche, as well as with municipalities and road authorities in the United States, Europe and Asia.

Tactile Mobility, an Israeli car startup, said Tuesday it received $ 9 million in funding from Porsche, Union Tech Ventures and previous investors. Tactile Mobility said it plans to use funds that can grow up to $ 14 million to further develop its data technologies and offerings and expand marketing operations.

Tactile Mobility develops software that uses non-visual vehicle sensors, including wheel speed, tilt, speed and gear position, to help smart and autonomous vehicles “feel” vehicle and road dynamics and road conditions below their tires. In addition, the company said that it is collecting data sources on vehicle dynamics from vehicles equipped with its software to create an idea of ​​the characteristics of each vehicle that can help maximize vehicle longevity, as well as a map layer of road conditions and hazards.

“The Tactile Mobility method helps us collect additional information about the condition of vehicles and roads that goes beyond the information that can be obtained using conventional sensor systems,” said Michael Steiner, Porsche Development Manager in a statement.

According to Porsche, integration into production cars is planned for the beginning of the next decade.