Tekcapital’s Guident issues Q1 2024 update as commercialisation gathers pace

Tekcapital’s portfolio company, Guident, has issued a Q1 activities update summarising a solid quarter of progress in which the company has made strides forward in commercialising its autonomous vehicle safety technology.

During the quarter, Guident expanded a strategic partnership with Auve Tech and forged a new one with Star Robotics.

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Guident will power the safety features for Auve Tech’s MiCa autonomous shuttle, which is launching into the US market. Auve Tech is a leader in autonomous shuttles with a global footprint. Auve Tech has exported autonomous shuttles to Japan from its base in Estonia as part of a partnership with Softbank’s Boldly. The shuttles provide an autonomous vehicle solution to urban mobility considerations such as helping elderly people and improving efficiencies in fixed-circuit transportation such as airports or business parks.

Gudient’s relationship with Auve Tech is focused on the US, but if early commercialisation proves successful, further collaboration would be expected.

Star Robotics

Star Robotics has developed surveillance robots with a broad range of industrial applications. Guident will provide remote monitoring and control services to Star Robotics as it rolls out the ‘Watchbot’ technology across North America. Tekcapital said Guident is working on a ‘go-to-market’ strategy with Star Robotics.

In addition to expanding commercial relationships, Guident recorded an important operational milestone with the grand opening of its new Remote Monitoring and Control Center (RMCC) in Boca Raton, Florida. The facility is the first of its kind in the United States and provides a hub for the teleoperation oversight of autonomous vehicles.

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“I was thrilled by the strong turnout of our esteemed partners and valued customers at Guident’s new headquarters inauguration. Our event theme, ‘To the Future,’ perfectly encapsulates Guident’s vision and commitment to pioneering advancements,” said Harald Braun, Executive Chairman and CEO of Guident.

“With MiCa’s debut, the world’s most compact level 4 autonomous shuttle, and our seamless integration with Star Robotics’ state-of-the-art surveillance robot, we’ve reached a pivotal moment in our mission for safer autonomous vehicles and robotics.”

Tekcapital shares were trading 4% higher at the time of writing.

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