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SoftBank invests $225M in ASI and forms autonomous construction venture

The Utah company’s Mobius software runs mixed fleets of haul trucks, dozers and loaders from different equipment makers.

Tarun Mottlia

Via TNW | Investors-funding

·Excerpt
SoftBank invests $225M in ASI and forms autonomous construction venture
Image: ASI chief executive Mel Torrie and SoftBank Group chief executive Masayoshi Son

ASI chief executive Mel Torrie and SoftBank Group chief executive Masayoshi Son

Credit: Autonomous Solutions, Inc.

SoftBank Group has invested $225 million into Autonomous Solutions, Inc. (ASI), a Utah company that makes work vehicles drive themselves.The two have also set up a joint venture to build self-driving machines for big road, rail and airport jobs.

SoftBank is funding the joint venture to cover several kinds of building work, mainly civil construction and moving materials on site. The size of that…

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