ADASTEC, which offers solutions on Level-4 autonomous driving technologies, was acquired by Bilişim Vadisi GSYF, managed by APY Ventures. 1 million dollars investment took.
Founded in 2018 and offering state-of-the-art automation solutions for large-scale buses and commercial vehicles, ADASTEC provides services with its level-4 autonomous driving software platform “flowride.ai”. ADASTEC has approvals from NHTSA (USA) and TUV Nord (Norway).
ADASTEC, which has put the first level-4 autonomous bus into operation in Michigan, USA, has also been serving in Stavanger, Norway for over a year.
ADASTEC CEO Dr. Ali Peker said, “This investment we received from APY Ventures further reinforces ADASTEC’s vision of being a pioneer in the sector and its sustainable transportation mission. This fund will accelerate our research and development activities and provide the resources to further advance our level-4 autonomous driving technology. “Our partnership will help our innovation and sustainable transportation efforts resonate across a wide geography and accelerate the global adoption of our autonomous buses.” said.
APY Ventures Fund Manager Mustafa Keçeli said, “We continue to invest in scalable startups that aim to expand globally with the Bilişim Vadisi GSYF, which we manage within APY Ventures. We hope to support the startup’s sustainable and efficient transportation technologies efforts by investing in ADASTEC, which operates successfully in the field of mobility, one of the focus technologies of the fund. “We trust the vision of ADASTEC, which has a highly competent team in the field of autonomous driving technologies and has proven its success in the international arena.” he said.
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