Insider Brief SoftBank Group invested $225 million in Autonomous Solutions Inc. and formed a joint venture with the industrial automation company to develop and commercialize autonomous construction equipment for large infrastructure projects.
SoftBank Group invested $225 million in Autonomous Solutions Inc. and formed a joint venture with the industrial automation company to develop and commercialize autonomous construction equipment.
According to ASI, the joint venture will focus on large infrastructure projects and construction use cases, including civil construction and material handling.
SoftBank also capitalized the venture to support deployment of the technology at commercial scale.
“This joint venture with SoftBank positions ASI at the forefront of autonomous construction innovation—built for scale, engineered for longevity, and open to every major equipment brand on the jobsite,” added Torrie.