11/21/2023 0 Comments Motional![]() ![]() With over 130,000 autonomous vehicle rides completed to date, Motional is preparing to further scale in Las Vegas and fully commercialize the service. A factory-built autonomous vehicle is scalable. In addition to Motional’s access to long-term patient capital, the company through the Aptiv/Hyundai joint-venture is currently having robotaxis built to automotive grade standards on the line. In order to answer these questions, AV companies will need long-term patient capital and this exactly what Motional has with Aptiv and Hyundai. Do the unit economics make sense and can the business operate profitability? These are big questions that will have to be answered. ![]() It’s a really strong proving ground to demonstrate how this technology could scale and solve very critical transportation challenges. – Akshay JaisingĪs Motional and the autonomous vehicle industry as a whole begins to scale and commercialize autonomous driving, attention is starting to turn from the technology to the economics of the business. Our initial pilots and tests in Los Angeles with Uber Eats have been extremely promising and well received. We feel it’s a pretty critical market that has shown customer acceptance for ride-hailing. Anything to reduce the amount of time sitting in stop and go traffic while having to pay attention becomes a win for the millions of individuals who call Los Angeles home. Los Angeles is a diverse region that has an interest in alternative transportation modes. With the expansion into Los Angeles, Motional will be operating in the 2nd largest city in the United States. Las Vegas will be the launch city followed by Los Angeles. This will be the largest deployment of autonomous vehicles on a ride-haling platform. Beginning with autonomous Uber Eats deliveries in Santa Monica, CA, the partnership has since evolved into a 10-year multi-market deal where consumers will be able to order a ride in one of Motional’s all-electric Hyundai IONIQ 5 robotaxis. Since 2022, Motional has had a partnership with Uber. We want to focus on what we do best, which is building the autonomy stack and then partners with players in the ecosystem to make robotaxis a reality. – Akshay Jaising We have taken a very partner centric approach. The conversation begins with Akshay discussing Motional’s commercialization strategy. ![]() Akshay Jaising, VP of Commercialization, Motional (a joint venture between Hyundai Motor Group and Aptiv Autonomous Driving), joined Grayson Brulte on The Road to Autonomy podcast to discuss Motional’s commercialization strategy and how Motional is scaling robotaxi operations in multiple cities. ![]()
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