Sboll is Your Go-to Source for the Latest Finance News, Covering Markets, Banking, Investments, Economy and Stocks.
⎯ 《 Sboll • Com 》

Toyoda Gosei Invests in Pyrenee Inc., a Start-up Developing Safe Driving Assist Devices

2023-09-26 12:23
KIYOSU, Japan--(BUSINESS WIRE)--Sep 26, 2023--
Toyoda Gosei Invests in Pyrenee Inc., a Start-up Developing Safe Driving Assist Devices

KIYOSU, Japan--(BUSINESS WIRE)--Sep 26, 2023--

Toyoda Gosei Co., Ltd. (TOKYO:7282) has invested 1 in Pyrenee Inc, which is developing safe driving assistance devices to achieve safer mobility in society.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230925930208/en/

Safety technology in each stage leading up to a traffic accident (Graphic: Business Wire)

Pyrenee Drive, developed by Pyrenee Inc., is a retrofit device that assists the cognitive aspect of safe driving; it captures things around the vehicle that drivers fail to notice, which is the cause of traffic accidents in about 70% of cases. 2 The device is mounted on the automobile dashboard or elsewhere in the vehicle, and detects pedestrians and other automobiles and predicts their movement with AI. When it determines that there is a risk of collision, it notifies the driver by voice, thereby contributing to a decrease in accidents. 3

Toyoda Gosei aims to grow its business through the provision of the social values of safety centered on airbags. It invested in Pyrenee to reduce traffic accidents through a comprehensive approach of combining passive safety and preventive safety – not only reducing injuries/deaths in case of traffic accidents, but also preventing traffic accidents caused by driver neglect and other human errors. Further, the collaboration of the two companies has a future vision toward integration of Pyrenee’s driving assist technology into Toyoda Gosei’s safety systems and interior products.

1

Investment made in September 2023, through Toyoda Gosei’s Corporate Venture Capital Dept., an internal organization dedicated to these investments.

2

Source: Tokyo Metropolitan Police Dept.

3

Plans for release as a product that improves the safety of trucks and other large commercial vehicles that tend to be involved in serious accidents.

Outline of Pyrenee Inc.

Name

Pyrenee Inc.

Location

CROSS DOCK HARUMI 601
4-7-4 Harumi, Chuo-ku, Tokyo

CEO

Ryuta Mino

Established

January 2016

View source version on businesswire.com:https://www.businesswire.com/news/home/20230925930208/en/

CONTACT: Toyoda Gosei Co., Ltd.

Contact: Public Relations

inquiry@mlist.toyoda-gosei.co.jp

KEYWORD: JAPAN NORTH AMERICA ASIA PACIFIC

INDUSTRY KEYWORD: TECHNOLOGY AFTERMARKET AUTOMOTIVE AUTOMOTIVE MANUFACTURING PROFESSIONAL SERVICES MANUFACTURING AUDIO/VIDEO START-UP HARDWARE ARTIFICIAL INTELLIGENCE

SOURCE: Toyoda Gosei Co., Ltd.

Copyright Business Wire 2023.

PUB: 09/26/2023 12:00 AM/DISC: 09/26/2023 12:00 AM

http://www.businesswire.com/news/home/20230925930208/en