Please ensure Javascript is enabled for purposes of website accessibility

Intel's Mobileye Will Power Udelv's Self-Driving Delivery Vehicles Starting in 2023

By John Rosevear - Apr 12, 2021 at 11:29AM

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

The machine-vision specialist has developed its own self-driving system for commercial vehicles.

Mobileye, the Intel (INTC 1.46%) subsidiary that produces software and vision-processing chips for autonomous vehicles, said that it will supply the self-driving system for electric delivery-van start-up Udelv's upcoming autonomous delivery vehicles. 

Udelv and Mobileye said that the autonomous vans, which Udelv calls Transporters, will be powered by the Mobileye Drive self-driving system and will begin operation in 2023. Udelv expects to build more than 35,000 Transporters by 2028. 

Udelv already has one order for the Transporter: Donlen, a Hertz Global Holdings subsidiary that leases and manages commercial-fleet vehicles, has ordered 1,000 of the autonomous vans for delivery starting in 2023.

A Udelv Transporter, an orange and black self-driving van.

Mobileye's self-driving system will power the Udelv Transporter, an autonomous delivery van coming in 2023. Image source: Udelv.

Mobileye CEO Amnon Shashua said that the Udelv deal demonstrates that his company is ready to deliver Mobileye Drive for commercial customers now. 

"COVID-19 has accelerated demand for autonomous goods delivery, and we are delighted to partner with Udelv to address this demand in the near term," Shashua said. 

This isn't the first win for the Mobileye Drive system. The company said in February that it is collaborating with European bus operator Transdev and French truck builder Lohr to develop autonomous electric shuttle buses, and it previously announced plans to launch its own autonomous-taxi service in Israel next year, using vehicles developed with Chinese automaker NIO (NIO 1.39%). 

John Rosevear has no position in any of the stocks mentioned. The Motley Fool owns shares of and recommends NIO Inc.. The Motley Fool recommends Intel and recommends the following options: long January 2023 $57.5 calls on Intel and short January 2023 $57.5 puts on Intel. The Motley Fool has a disclosure policy.

Invest Smarter with The Motley Fool

Join Over 1 Million Premium Members Receiving…

  • New Stock Picks Each Month
  • Detailed Analysis of Companies
  • Model Portfolios
  • Live Streaming During Market Hours
  • And Much More
Get Started Now

Stocks Mentioned

Intel Corporation Stock Quote
Intel Corporation
INTC
$36.11 (1.46%) $0.52
Hertz Global Holdings, Inc. Stock Quote
Hertz Global Holdings, Inc.
HTZG.Q
Nio Inc. Stock Quote
Nio Inc.
NIO
$21.11 (1.39%) $0.29

*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.

Related Articles

Motley Fool Returns

Motley Fool Stock Advisor

Market-beating stocks from our award-winning analyst team.

Stock Advisor Returns
400%
 
S&P 500 Returns
128%

Calculated by average return of all stock recommendations since inception of the Stock Advisor service in February of 2002. Returns as of 08/15/2022.

Discounted offers are only available to new members. Stock Advisor list price is $199 per year.

Premium Investing Services

Invest better with The Motley Fool. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services.