ComfortDelGro (CDG), on March 30, announced that it will be investing $30 million in an Autonomous Vehicle Centre of Excellence (AV CoE) as it seeks to future-proof itself.
The AV CoE is set up through CDG’s $100 million venture capital fund. It is aimed at building up its capabilities in the operation and maintenance of such vehicles. It will also focus on the research and development of AV-related capabilities over the next five years.
According to CDG, the new CoE will enable it to develop a technology platform to support the delivery of mobility services using AVs, with a view of deploying them commercially.