The founders of Argo AI are going in a new direction, transitioning away from the creation of robotaxis.
Dec. 12, 2019—The founders of Argo AI, Ford and Volkswagen are focusing on getting paid by the mile by customers that will use robot vehicles for multiple purposes, reported Reuters.
The Argo business plan hinges on a unique revenue-sharing deal that will pay Argo fees based on miles traveled in self-driving Ford and VW vehicles equipped with Argo’s technology. Details of that arrangement have not previously been reported.
Among the prospective commercial applications of Argo’s technology: Long-haul trucking, e-commerce deliveries, the transport of people along fixed routes in cities, and off-highway applications such as mining.
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