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

China Focus: Technology sows seeds of hope in combating desertification

HOHHOT, CHINA - Media OutReach Newswire - 23 December 2024 - China's National Forestry and…

2 hours ago

Novautek Honored with the “Outstanding SME ESG and Business Performance Award”

HONG KONG SAR - EQS Newswire - 23 December 2024 - Novautek Autonomous Driving Limited…

4 hours ago

V-GREEN and Xanh SM Indonesia sign MoU with Lippo for comprehensive green ecosystem in Indonesia

JAKARTA, INDONESIA - Media OutReach Newswire - 23 December 2024 - V-GREEN and PT Xanh…

5 hours ago

Molex Anticipates Steady Growth in High-Speed Connectivity in 2025, Driving Electronics Design Innovations Across Diverse Industry Sectors

Increase in opportunities predicted for high-speed optical transceivers and miniaturized connectivity solutions to address data-intensive…

7 hours ago

Celebrating 25 Years of Excellence: DYXnet Embarks the New Chapter of Digital Transformation

HONG KONG SAR - Media OutReach Newswire - 23 December 2024 - DYXnet, a wholly-owned…

7 hours ago

The Top 10 Best Places to Work in Egypt for 2024 revealed

CAIRO, EGYPT - Media OutReach Newswire - 23 December 2024 - Eand, Novo Nordisk, BSH,…

9 hours ago