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BusinessNTT DATA, Valeo and Embotech Form Consortium to Provide Automated Parking Solutions

NTT DATA, Valeo and Embotech Form Consortium to Provide Automated Parking Solutions

NTT DATA, a IT services provider, Valeo, and Embotech, a software scale-up for autonomous driving systems, announce the next big step to provide automated parking solutions. Together, the three companies have built a consortium, VEN.AI, that aims to be the go-to solution provider for production ready parking automation with global roll out capabilities. The consortium combines each company’s core competencies including owned IP, the latest technology, sales and support structure and strong operations offerings.

“VEN.AI is an example of the investments NTT DATA is making to drive efficiency and productivity toward Smart Manufacturing for our clients in the automotive industry,” said Prasoon Saxena, President of Manufacturing, NTT DATA Services. “With innovations from NTT DATA including advances in Edge computing, network monitoring and advanced connectivity, VEN.AI will make mobility much easier and energy efficient for consumers, car manufacturers and more.”

As the world leader in ADAS sensors and related detection algorithms, Valeo is responsible for supplying the necessary technology to make the parking system function properly. The sensors supplied are used to detect and locate cars in the parking area, as well as to understand the surrounding environment. This information is then used by the algorithms to accurately guide the car to an available parking space.

Safety is a key component of VEN.AI by integrating the latest technology innovations including the use of cameras, light detection, low-latency connectivity and sensors. The system has been designed to fulfill the highest requirements and standards on safety and availability and has the best-in-class building components including Embotech PRODRIVER®. This SAE L4 virtual driver is designed to provide fully flexible, human-like driving, which is a key enabler of automated driving in busy logistics areas with mixed traffic as well as parking into very tight spaces, increasing the space efficiency.

“VEN.AI proves that autonomous driving, when employed in the proper context, has an immediate business case with the potential to disrupt the future of automotive manufacturing and distribution,” said Andreas Kyrtatos, CEO, Embotech. “This venture has innovation at its core and is dedicated to bringing sustainable autonomy to automotive manufacturing and distribution.”

Additionally, VEN.AI is integrating the parking automation solution within global production systems, adding automated charging for electric vehicles, and using internal onboard sensors to improve efficiency and flexibility in large parking areas. The global roll out also includes 24/7 operations support.

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