[ad_1]
- TASARU Mobility Investments plans to acquire minority stake in HOLON business for nine-figure sum
- The investment secured series development, Autonomous, all-electric, comprehensive shuttle industrialization
- Plans to build three production plants in 2019 Europe, Saudi Arabia And that united states of america
salzburgPaderborn, Austria; Germany and Riyadh, Saudi Arabia, February 7, 2024 /PRNewswire/ — Venteler Group seeks multi-million dollar investment to expand self-driving vehicle business: Tasal Mobility Investments, a Saudi Arabian investment firm specializing in automotive initiatives HOLON plans to acquire a minority stake in the Venteler subsidiary for a nine-figure sum. The management teams of both companies signed their respective agreements.
Back of the photo (from left to right): Joseph Kilikian (Chief Investment Officer, TASARU), Mohammad Alshiha (Vice Chairman of the Board of Directors, TASARU), Dr. Tobias Braun (Chief Financial Officer, Benteller Group), Henning von Watz. Dr. Dorf (CEO of Holon); Front of photo (from left to right): Mr. Michael Müller (CEO of TASARU), Mr. Ralf Goettel (CEO of BENTELER Group)
From left to right: Dr. Henning von Watzdorff (CEO of HOLON), Joseph Kilikian (Chief Investment Officer of TASARU), Ralf Guettel (CEO of BENTELER Group), Michael Müller (CEO of TASARU) Director), Muhammad Alshiha (Vice Chairman) Board of Directors TASARU), Dr. Tobias Brown (BENTELER Group Chief Financial Officer)
TASARU’s plan to acquire up to 38% of HOLON’s shares will be carried out in several installments, with the first acquisition scheduled for April. The transaction is subject to necessary regulatory approvals.
The funding from TASARU will be used to further develop and industrialize the series of autonomous, fully electric, comprehensive movers. Specifically, in order to sell this vehicle around the world, he next plans to establish three production locations. Europe, Saudi Arabia And that united states of america.
Ralf Guettel, CEO of the BENTELER Group: “It has been a great journey for HOLON. 2023 started with the successful world premiere of our self-driving car at the 2023 Consumer Electronics Show. Las Vegas. And now, 2024 begins with strong partnerships that can get vehicles on the road as quickly as possible. We are pleased that his HOLON, one of BENTELER’s entrepreneurial successes, convinced external investors and ensured the series development and industrialization of our movers. Together with TASARU, we will make mobility safer and more sustainable. ”
HOLON Mover is a fully electric autonomous vehicle that can be used on public roads. It was one of the world’s first cars built to automotive standards, in other words a leader in safety, ride comfort and production quality. The vehicle can travel at a maximum speed of 60 km/h and can carry up to 15 passengers. Application areas include on-demand services such as ride-hailing and dispatch services, as well as regular scheduled services.
michael muellerTASARU CEO: “HOLON’s innovative movers are fully aligned with TASARU’s vision for a smarter, more sustainable future and support the ambitious goals outlined below. saudi arabia Vision 2030. Together, we aim to unlock Mover’s potential and deliver great benefits. Saudi Arabia and the rest of the world, establishing Saudi Arabia as a hub for autonomous mobility innovation and manufacturing. ”
Henning von WatzdorfHOLON’s CEO said: “This is an important step for HOLON. Our partnership with TASARU will allow us to accelerate the further development, industrialization and expansion of our mover. In 2024, we will continue with prototype development and initial testing. Our goal is to have the first vehicle in production as part of a pilot project by 2025. Customer interest is very high. Our vehicles enable safe, inclusive, emission-free and sustainable passenger transport and are therefore a solution to urban transport challenges.”, Climate Change and Demographics.
The HOLON Mover is handicapped accessible and provides automatic ramps, secure wheelchair spaces, and auditory and visual aids for passengers. The design is provided by the famous design company Pininfarina, and the self-driving technology is provided by Intel subsidiary Mobileye. One of his first pilot projects on the use of this vehicle is in the following cities: hamburg, germany. The Federal Ministry for Digital Transport recently provided his 26 million euros of funding for the corresponding project.
About Benteler
BENTELER is a global company serving customers in automotive technology, the energy sector and mechanical engineering. As specialists in metal fabrication, we develop, produce and sell safety-related products, systems and services worldwide.
Our approximately 23,000 employees, located in 87 locations in 26 countries, have first-class manufacturing and distribution capabilities and are dedicated to providing first-class service wherever our customers need us. doing.
www.benteler.com
https://www.facebook.com/BENTELER.Career
https://www.linkedin.com/company/benteler-group
https://www.instagram.com/benteler_group/
About Holon
HOLON is a subsidiary of BENTELER. With its well-founded know-how in automotive technology and industrialization and the continuous introduction of new technologies for electromobility, the company develops self-driving cars for the future automotive market. To achieve this, HOLON collaborates with technology companies, local public transport operators, and mobility-as-a-service providers.
www.driveholon.com
Contact details:
Stefan Knuttel
Vice President of Communications/Marketing
paderborn, Germany
Phone: +49 5254 81 307 610 | Mobile: +49 172 5727 257
Email: [email protected]
Harald Weber
communication specialist
salzburg, austria
Phone: +43 662 2283 101047 | Mobile: +43 664 8235 605
Email: [email protected]
Photo – https://mma.prnewswire.com/media/2336477/Signing_Ceremony_Riyadh.jpg
Photo – https://mma.prnewswire.com/media/2336478/HOLON_Mover_Riyadh.jpg
Logo – https://mma.prnewswire.com/media/2336406/Benteler_logo.jpg
SOURCE Benteler Group
[ad_2]
Source link
