Local Motors and Spring Cloud Co., Ltd. announced that they have signed a memorandum of understanding (MOU) for strategic technology development, cooperation, and expansion of autonomous mobility services.
Spring Cloud, a Korea-based autonomous mobility service company, is dedicated to promoting the expansion of autonomous shuttles in Korea with various global companies. Local Motors is a ground mobility company that builds and deploys a shared, autonomous, electric vehicle, Olli.
The two companies will work together to improve the performance and functional safety of autonomous vehicles in real-world environments. Introducing new content delivery systems into the Olli will also be a strategic focus and will allow both companies to unlock new value.
“To provide safer and superior autonomous mobility services requires a lot of data and verification. SpringCloud is working with companies with the best technology at home and abroad. Through collaboration, we intend to operate more than 1,000 autonomous shuttles in Korea in the future. Furthermore, we plan to accelerate our entry into the global market,” said Song Young-ki, Spring Cloud CEO.
“We’re excited to collaborate with a company focused on innovation in a growing market. Olli can operate in many environments and create unique experiences for riders, and this agreement will allow both companies to accelerate the AV market and technology development,” said Vikrant Aggarwal, President of Local Motors.
About Local Motors
Local Motors is a ground mobility company focused on empowering communities through innovative and locally-relevant vehicles. Founded in 2007 with a belief in open collaboration, Local Motors began low-volume vehicle manufacturing of open-source designs using multiple microfactories. Since its inception, Local Motors has debuted no less than three world firsts; the world’s first co-created vehicle, the world’s first 3D-printed car, and the world’s first co-created, autonomous, electric vehicle, Olli. We believe that Olli is the answer to a sustainable, accessible mobility solution for all.