Mobileye, a subsidiary of Intel specializing in self-driving technology, is partnering with venture-backed startup Udelv to deliver 35,000 autonomous delivery vehicles by 2028.
"This partnership with Mobileye is literally a revolution in the industry," Daniel Laury, CEO and co-founder of Udelv, told Cheddar. "It's the first of its kind in the autonomous delivery world."
Udelv's autonomous vehicle, dubbed the Transporter, will employ Mobileye's vision-sensing technology to improve features such as pedestrian and cyclist detection and collision warning.
Laury said the Transporter will be outfitted to transport 80 percent of last-mile deliveries, from small items such as pharmaceuticals to bags of groceries and large auto parts.
The vehicle features "adaptive shelving" allowing an operator to add or remove shelves depending on the size of the items being delivered. The car also uses automated software to open on specific shelves within the van designated for each package.
Laury explained that last-mile deliveries make up 53 percent of the cost of logistics, with drivers on average making up 65 percent of that amount.
"By removing the driver, you're going to be generating billions in savings through the industry in general," he said.
This is where "Mobileye Drive" comes in. The self-driving system offers a full technology stack, including vast map coverage of North America, for Udelv to integrate into its Transporters.
Donlen, one of the largest commercial fleets in the U.S., has already pre-ordered 1,000 Udelve Transporters.
"Our deal with Udelv is significant for its size, scope and rapid deployment timeline, demonstrating our ability to deliver Mobileye Drive for commercial use now and in volume," said Mobileye President and CEO Amnon Shashua in a release. "COVID-19 has accelerated demand for autonomous goods delivery, and we are delighted to partner with Udelv to address this demand in the near term."
Transporters are set to start hitting streets in 2023.
YouTube will offer creators a way to rejoin the streaming platform if they were banned for violating COVID-19 and election misinformation policies that are no longer in effect.
Lukas Alpert of MarketWatch explores how networks, brands, and ad buyers absorb the shockwaves when late‑night show hosts are suddenly cut — and brought back.
A new poll finds U.S. adults are more likely than they were a year ago to think immigrants in the country legally benefit the economy. That comes as President Donald Trump's administration imposes new restrictions targeting legal pathways into the country. The Associated Press-NORC Center for Public Affairs Research survey finds Americans are more likely than they were in March 2024 to say it’s a “major benefit” that people who come to the U.S. legally contribute to the economy and help American companies get the expertise of skilled workers. At the same time, perceptions of illegal immigration haven’t shifted meaningfully. Americans still see fewer benefits from people who come to the U.S. illegally.
Shares of Tylenol maker Kenvue are bouncing back sharply before the opening bell a day after President Donald Trump promoted unproven and in some cases discredited ties between Tylenol, vaccines and autism. Trump told pregnant women not to use the painkiller around a dozen times during the White House news conference Monday. The drugmaker tumbled 7.5%. Shares have regained most of those losses early Tuesday in premarket trading.
Scott Trench, host of the BiggerPockets Money Podcast, explores how recent rate cuts, high borrowing costs, and mortgage rates are reshaping U.S. real estate.
A look into how disruption, AI, and global economic trends are transforming the modern supply chain with Jeremy Jansen, Head of Supply Chain at Wells Fargo.
