Categories: Wire Stories

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

KIYOSU, Japan–(BUSINESS WIRE)–Toyoda Gosei Co., Ltd. (TOKYO:7282) has invested1 in Pyrenee Inc, which is developing safe driving assistance devices to achieve safer mobility in society.




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

 

Contacts

Toyoda Gosei Co., Ltd.
Contact: Public Relations

inquiry@mlist.toyoda-gosei.co.jp

Alex

Recent Posts

GAMCO Investors, Inc. Announces Special Dividend of $2.00 per share

GREENWICH, Conn., Sept. 19, 2024 (GLOBE NEWSWIRE) -- GAMCO Investors, Inc. (“GAMCO”) (OTCQX: GAMI) today…

58 mins ago

YY Group Holding Limited Announces Unaudited First Half 2024 Financial Results

SINGAPORE, Sept. 10, 2024 (GLOBE NEWSWIRE) -- YY Group Holding Limited (NASDAQ: YYGH) (“YY Group”,…

58 mins ago

New Research Reveals Emergence of New Variants of Coronavirus to Boost COVID-19 Therapeutics Market Growth

PALM BEACH, Fla., Sept. 04, 2024 (GLOBE NEWSWIRE) -- FN Media Group News Commentary -…

58 mins ago

Global Coronavirus Therapeutics Market Size Projected to Exceed $16 Billion By the End of 2031

PALM BEACH, Fla., Sept. 04, 2024 (GLOBE NEWSWIRE) -- FN Media Group News Commentary -…

58 mins ago

AFG Holding SA acquires Access Microfinance Holding AG

ABIDJAN, COTE D'IVOIRE - African Media Agency(AMA) - 19 September 2024 - AFG Holding SA…

1 hour ago

China, Mongolia Boost Cooperation, Exchanges to Benefit More People

Erenhot Port, the largest land port on the China-Mongolia border, has witnessed increasing trade and…

3 hours ago