NTT DATA, Valeo and Embotech Form Consortium to Provide Automated Parking Solutions

Rhea-AI Summary

NTT DATA, Valeo, and Embotech have formed a consortium named VEN.AI to deliver automated parking solutions for the automotive industry. This collaboration combines their expertise in technology and innovations to enhance manufacturing efficiency and streamline assembly lines. VEN.AI aims to optimize vehicle movements within production facilities using advanced sensors, connectivity, and offboard computing. The initiative addresses industry demands for automation, facilitating the integration of electric vehicle charging and providing 24/7 operational support.

Positive

• Formation of VEN.AI consortium to provide automated parking solutions.
• Focus on enhancing manufacturing efficiency for car manufacturers.
• Integration of advanced technologies like sensors and 5G connectivity.

Negative

• None.

VEN.AI aims to be the go-to solution provider of automated parking solutions for car manufacturers

LAS VEGAS--(BUSINESS WIRE)--

NTT DATA, a global digital business and IT services leader, Valeo, and Embotech, a software scale-up for autonomous driving systems, announce the next big step to provide automated parking solutions. Together, the three companies have built a consortium, VEN.AI, that aims to be the go-to solution provider for production ready parking automation with global roll out capabilities. The consortium combines each company’s core competencies including owned IP, the latest technology, sales and support structure and strong operations offerings.

VEN.AI offers an infrastructure-based solution that has very few requirements from the vehicle side as it guides vehicles via the use of sensors, connectivity (e.g., 5G) and offboard computing to a dedicated parking spot. Automated parking solutions can be implemented in a variety of use cases including the assembly plants where vehicles are produced, outbound-logistics distribution parks, depots for vehicle fleets operators, retail outlets as well as in parking garages as an automated valet service.

In the initial phase, VEN.AI is focusing on manufacturing-specific use cases to help car manufacturers increase the efficiency of their assembly lines by automatically guiding vehicles from one production station to another. From here, it will then drive the vehicle from the end of the assembly line to its dedicated spot on the large launch areas. The outcome is a more efficient assembly line, saving on time and costs.

“VEN.AI is an example of the investments NTT DATA is making to drive efficiency and productivity toward Smart Manufacturing for our clients in the automotive industry,” said Prasoon Saxena, President of Manufacturing, NTT DATA Services. “With innovations from NTT DATA including advances in Edge computing, network monitoring and advanced connectivity, VEN.AI will make mobility much easier and energy efficient for consumers, car manufacturers and more.”

“This global partnership has brought about a cutting-edge innovation that swiftly addresses the digital transformation our global automotive clients urgently need in streamlining their production process,” said Robb Rasmussen Global CMO, NTT DATA.

As the world leader in ADAS sensors and related detection algorithms, Valeo is responsible for supplying the necessary technology to make the parking system function properly. The sensors supplied are used to detect and locate cars in the parking area, as well as to understand the surrounding environment. This information is then used by the algorithms to accurately guide the car to an available parking space.

“We are excited to participate in this automated valet parking project alongside NTT DATA and Embotech,” said Marc Vrecko, President, Comfort and Driving Assistance Systems Business Group, Valeo. “Fully automated parking is growing, due to the increasing demand of our customers, and Valeo has all the assets to respond to this market: we have the most comprehensive sensor portfolio on the market, offering the vehicle a complete vision. And having precise perception is key to ensuring vehicles are safely and efficiently parked.”

Safety is a key component of VEN.AI by integrating the latest technology innovations including the use of cameras, light detection, low-latency connectivity and sensors. The system has been designed to fulfill the highest requirements and standards on safety and availability and has the best-in-class building components including Embotech PRODRIVER®. This SAE L4 virtual driver is designed to provide fully flexible, human-like driving, which is a key enabler of automated driving in busy logistics areas with mixed traffic as well as parking into very tight spaces, increasing the space efficiency.

“VEN.AI proves that autonomous driving, when employed in the proper context, has an immediate business case with the potential to disrupt the future of automotive manufacturing and distribution,” said Andreas Kyrtatos, CEO, Embotech. “This venture has innovation at its core and is dedicated to bringing sustainable autonomy to automotive manufacturing and distribution.”

Additionally, VEN.AI is integrating the parking automation solution within global production systems, adding automated charging for electric vehicles, and using internal onboard sensors to improve efficiency and flexibility in large parking areas. The global roll out also includes 24/7 operations support.

About Valeo

Valeo, a technology company and partner to all automakers and new mobility players, is working to make mobility cleaner, safer and more intelligent through its innovations. Valeo has technological and industrial leadership in electrification, driving aids, the reinvention of the onboard experience and lighting around and inside the vehicle. These four areas, which are essential to the transformation of mobility, will drive the Group’s growth in the coming years. Valeo is listed on the Paris stock exchange. Valeo in figures: 17.3 billion euros in sales in 2021; 12% of its original equipment sales invested in R&D; 103,300 employees at December 31, 2021; 31 countries, 184 production sites, 21 research centers, 43 development centers, 16 distribution platforms.

About Embotech

Embotech is a software scale-up for autonomous driving systems. Our embeddable software empowers autonomous systems to make decisions by solving complex optimization problems in milliseconds, bringing significant improvements in safety, productivity and energy efficiency. Current applications include Automated Driving on parking facilities, factory grounds, logistics hubs, ports and mining. Find out more at www.embotech.com

About NTT DATA

NTT DATA is a $30 billion trusted global innovator of IT and business services. We help clients transform through business and technology consulting, industry and digital solutions, applications development and management, managed edge-to-cloud infrastructure services, BPO, systems integration and global data centers. We are committed to our clients’ long-term success and combine global reach with local client service in over 80 countries. Visit nttdata.com or LinkedIn to learn more.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230104005614/en/

NTT DATA

Amy Baj

amy.baj@nttdata.com

954-909-7900

Valeo

mailbox@valeo.com

Embotech

comms@embotech.com

Source: NTT DATA

FAQ

What is the VEN.AI consortium?

VEN.AI is a consortium formed by NTT DATA, Valeo, and Embotech to provide automated parking solutions for the automotive industry.

How will VEN.AI impact car manufacturing?

VEN.AI aims to increase the efficiency of assembly lines by automating vehicle movements, reducing time and costs.

Which companies are involved in the VEN.AI project?

The VEN.AI project involves NTT DATA, Valeo, and Embotech.

What technologies are used in VEN.AI's automated parking solutions?

VEN.AI utilizes advanced sensors, 5G connectivity, and offboard computing for efficient parking automation.

What are the future plans for VEN.AI?

VEN.AI plans to roll out its automated parking solutions globally, integrating services for electric vehicle charging and operational support.