Doosan Bobcat Invests in US Unmanned Solutions Venture Company Shares

[Asia Economy Reporter Ki-min Lee] Doosan Bobcat announced on the 8th that it has signed an equity investment agreement with Ainstein, a U.S. unmanned solution venture company, for the development of radar sensors.

Ainstein is a company that develops and manufactures radar sensors necessary for air mobility such as drones and autonomous driving of automobiles. In particular, it is evaluated to have superior competitiveness compared to other companies as it simultaneously possesses hardware and software development technologies for implementing sensor performance.

Doosan Bobcat and Ainstein have maintained a strategic partnership since 2018. In April last year, they signed a joint development contract for radar sensor technology for equipment unmanned operation. This equity investment was promoted to accelerate the development of unmanned technology through stable and long-term partnership between the two companies.

Recently, unmanned technology has been expanding from automobiles to the construction and small equipment markets. As unmanned operation is expected to be commercialized in the construction and small equipment markets as well, Doosan Bobcat's strategy is to preempt the unmanned solution market through proactive investment.

A Doosan Bobcat official said, "With this equity investment, we expect not only acceleration of unmanned technology development but also sales expansion through securing radar sensor royalties," adding, "We will take the lead in unmanned operation of small equipment by applying radar sensor technology to various product lines of the company as soon as possible."

Doosan Bobcat is leading the global small equipment market with various innovative technologies, such as commercializing 'Max Control,' a remote control technology based on Apple's mobile operating system (iOS), for the first time in the construction industry in 2019.

This content was produced with the assistance of AI translation services.