Germany’s Init Buys Norwegian Start-Up Applied Autonomy to Run Driverless Buses
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Init, a German public-transport technology company, acquired a majority stake in Norwegian start-up Applied Autonomy to run driverless bus operations using Applied Autonomy’s xFlow software. It bought 67.74 percent of the Kongsberg-based company, and the purchase price was not disclosed. Init plans to combine xFlow with its MOBILE-ITCS system to operate autonomous and conventional bus fleets in a single environment, with a focus on expanding in Germany.