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Home / Business / Addison Lee signs strategic deal with driverless startup Oxbotica for London revolution

Addison Lee signs strategic deal with driverless startup Oxbotica for London revolution



Private car agency Addison Lee has signed a strategic partnership with British software launch Oxbotica to bring self-propelled car services to Londoners by 2021.

Addison Lee said that the two companies will collaborate on the technological development, distribution and operation of self-propelled cars for First, provide reasonable taxi-sharing services in the capital. In the long run, it also hopes to expand the technology to include operations at business premises, airports and campus-based services.

At the moment, the two will work to build digital maps of more than 250,000 miles of public roads in and around London. After that, the partnership will extend into New York and other international locations.

Read more : Uber considers minority money sold for self-propelled device

Andy Boland, Addison Lee, said the deal is symbolic of how the company intends to be "in the forefront" of the future of transport , with the aim of revolutionizing commuting around the city.

The cooperation, however, is also a sign of business's increased fervor in fighting the startup of its biggest rival Uber, which is set to be public next year to an appreciation of up to $ 1

20bn.

Addison Lee recently began talking to banks about a $ 300 million refinancing plan aimed at strengthening its assets as it plots overseas expansion.


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