Toyota has announced it will be funding a US $50 million (approx £33m) endeavour in America to commercialise driverless cars.
“Torque News” reports that the company will work with both Michigan Institute of Technology and the University of Stanford in California, with the programme headed up by Dr Gill Pratt.
Dr Pratt was programme manager of the Defense Advanced Research Projects Agency for six years and spent ten years at MIT earning his PhD.
Announcing the new program, Kiyotaka Ise, Toyota’s Senior Managing Officer and Chief Officer, R&D Group, said: “We will initially focus on the acceleration of intelligent vehicle technology, with the immediate goal of helping eliminate traffic casualties and the ultimate goal of helping improve quality of life through enhanced mobility and robotics. This partnership, directed by Dr Pratt, is a great opportunity to work with two leading research teams from two top universities. I am very excited about what this new venture means for Toyota, and I look forward to more announcements in the future.”
The project has a five-year funding duration.
(Picture credit – Torque News/LinkedIn)