Skip Header
Important information: The value of investments can go down as well as up so you may get back less than you invest. Investors should note that the views expressed may no longer be current and may have already been acted upon. This is a third-party news feed and may not reflect Fidelity’s views.

Tekcapital investee Guident inks partnership with AuVe Tech

(Sharecast News) - Tekcapital announced on Thursday that its autonomous vehicle technology investee Guident had inked a strategic partnership with AuVe Tech, an Estonian company specialising in autonomous transportation systems. The AIM-traded firm said the collaboration aimed to integrate Guident's AV remote monitoring, control, assistance, and passenger support services with Auve Tech's 'MiCa', a compact and flexible level-four autonomous shuttle.

Tekcapital said Auve Tech's MiCa shuttle was known for its turnkey autonomous transportation capabilities and fleet management software, tailored for diverse environments.

It said that, by leveraging Guident's teleoperation solution, MiCa aimed to enhance its safety features and bolster Auve Tech's position as a leader in self-driving technology.

The incorporation of Guident's technology would entail both a hardware fee and a recurring licence fee for each vehicle equipped with the solution.

"Since establishing our strategic partnership, we have been thrilled to collaborate with the Auve Tech team on several projects," said Harald Braun, executive chairman and chief executive officer of Guident.

"We believe that the combination of our advanced teleoperation technology with the innovative MiCa autonomous shuttle represents a significant leap forward in advancing safety, reliability, and autonomous driving capabilities across diverse weather and traffic conditions."

At 1425 GMT, shares in Tekcapital were up 13.04% at 15.82p.

Reporting by Josh White for Sharecast.com.

Share this article

Related Sharecast Articles

Vector Capital reports robust year-end financial position
(Sharecast News) - Commercial lender Vector Capital reported continued growth in shareholders' equity while maintaining dividends and implementing prudent bad debt provision policies in its full-year results on Friday.
Quadrise posts progress with Utah partner Valkor
(Sharecast News) - Quadrise updated the market on its collaboration with Valkor Technologies in Utah on Friday, targeting the supply of low sulphur 'MSAR' and 'bioMSAR' to the marine and power sector.
Clean Power Hydrogen reports solid full-year progress
(Sharecast News) - UK-based green hydrogen technology company Clean Power Hydrogen (CPH2) reported solid progress towards the commercial rollout of its membrane-free electrolyser (MFE) technology in its final results on Friday, driven by a revamped engineering team.
Numis downgrades DS Smith to 'hold'
(Sharecast News) - Numis downgraded its stance on packaging group DS Smith on Friday to 'hold' from 'buy' as it said there was insufficient upside to retain a buy rating.

Important information: This information is not a personal recommendation for any particular investment. If you are unsure about the suitability of an investment you should speak to one of Fidelity’s advisers or an authorised financial adviser of your choice. When you are thinking about investing in shares, it’s generally a good idea to consider holding them alongside other investments in a diversified portfolio of assets. Past performance is not a reliable indicator of future returns.

Award-winning online share dealing

Search, compare and select from thousands of shares.

Expert insights into investing your money

Our team of experts explore the world of share dealing.