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Baidu partners AMI in $266 mil Singapore-based venture fund for autonomous vehicles

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Baidu partners AMI in $266 mil Singapore-based venture fund for autonomous vehicles

Stanislaus Jude Chan Published on Tue, Jan 09, 2018 / 4:52 PM GMT+8

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SINGAPORE (Jan 9): Chinese internet giant Baidu is teaming up with Singapore-based Asia Mobility Industries (AMI) to launch a US$200 million ($266 million) venture fund to drive opportunities in the region for autonomous vehicles and smart transportation.

Baidu and AMI will form a joint venture to launch the Apollo Southeast Asia fund, which will be based in Singapore.

The fund will focus on advanced mobility projects, technology exchanges, the establishment of research programmes, and the commercialisation of Baidu’s autonomous driving technologies in the region.

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Baidu partners AMI in $266 mil Singapore-based venture fund for autonomous vehicles

Tech

Baidu partners AMI in $266 mil Singapore-based venture fund for autonomous vehicles

Primary tabs

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Baidu partners AMI in $266 mil Singapore-based venture fund for autonomous vehicles

Tech

Baidu partners AMI in $266 mil Singapore-based venture fund for autonomous vehicles

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