Latest news with #A2Z
Web Release
22-03-2025
- Automotive
- Web Release
AUTONOMOUS A2Z Climbs to 11th in Global Automated Driving Solutions Rankings, Strengthens Market Presence
Guidehouse Insights, a U.S.-based market research firm, evaluates AV companies annually based on corporate vision, market strategy, partnerships, product development, and technological capabilities. This year, the ranking expanded from 16 to 20 companies, reflecting intensifying global competition as autonomous trucking firms entered the list. As the only South Korean company included, AUTONOMOUS A2Z continues to lead the country's AV ecosystem. The firm also advanced from the 'Challengers' category to 'Contenders,' signaling progress in commercialization and market positioning. Commercialization and Global Expansion Drive Growth Guidehouse Insights attributed AUTONOMOUS A2Z's improved ranking to its forward-thinking strategy that focuses on autonomous shuttle, international partnerships and government-supported commercialization efforts. The company received strong scores for corporate vision (85 points) and market entry strategy (75 points), reflecting its forward-thinking approach. A2Z plans to launch its ROii Level 4 autonomous shuttle in late 2025. The company is accelerating global expansion. Unlike competitors prioritizing robotaxis, AUTONOMOUS A2Z is focusing on autonomous shuttles for public transportation, a strategy gaining industry traction. To further strengthen its international presence, the firm has established two strategic joint ventures: – A2D (Abu Dhabi Autonomous Driving) with Abu Dhabi listed AI firm to form UAE-South Korea Joint Venture for Autonomous Mobility to expand in the Middle East – A2G (Autonomous2Global) with KILSA Global, a Singapore-based market entry services provider, to accelerate expansion into Southeast Asia. Additionally, AUTONOMOUS A2Z has achieved 96% localization in AV manufacturing through partnerships with Samsung SDI and leading Korean auto parts suppliers, contributing to its strong partnership score (72 points) in the Guidehouse Insights evaluation. Industry Giants Maintain Lead, But South Korea Gains Ground Despite the rise of new challengers, U.S. and Chinese companies continue to dominate the AV industry, with 15 American and three Chinese firms securing spots in the rankings. Waymo remains at No. 1, followed by Baidu at No. 2 and Mobileye at No. 3. Among the 'Contenders,' Nvidia ranks No. 4, while Motional, a Hyundai-Aptiv joint venture, holds 15th place. Tesla, despite its aggressive push in autonomous driving, ranks last at No. 20. AUTONOMOUS A2Z operates with the lowest cumulative funding among the top 20 companies, at KRW 52 billion ($39 million) as of December 2023, yet continues to expand steadily. Government Backing Fuels AUTONOMOUS A2Z's Climb in Global AV Rankings AUTONOMOUS A2Z's ascent in the latest Guidehouse Insights rankings underscores its ability to compete on the global stage despite operating with significantly lower funding than industry heavyweights. CEO Ji-hyeong Han credits the company's progress to South Korea's forward-leaning regulatory framework and strong government support for AV commercialization. 'South Korea's proactive policies, such as the Level 4 AV sales framework, have been instrumental in accelerating commercialization by allowing legally certified autonomous vehicles to enter the market,' Han said. 'The K-City testbed, provided by the Korea Transportation Safety Authority (KATRI), has also played a critical role in advancing our technology. We're deeply appreciative of this support.' Looking ahead, Han reaffirmed the company's commitment to innovation and global expansion, positioning South Korea as a key player in the evolving autonomous mobility landscape. 'We will continue to push the boundaries of AV technology and scale our market presence, ensuring South Korea plays a leading role in shaping the future of transportation.' Scaling a Distinctive Strategy for Global Growth Founded in 2018 by former Hyundai Motor engineers (Ji-hyeong Han, Young-chul Oh, Byung-yong You, and Myung-seon Heo) AUTONOMOUS A2Z has quickly emerged as South Korea's premier AV startup. The company operates the country's largest autonomous vehicle fleet (51 units) and has logged 570,000 km of real-world autonomous driving experience. While many competitors are doubling down on robotaxis, AUTONOMOUS A2Z has carved out a niche in autonomous shuttles for public transit, a market gaining traction as cities rethink urban mobility. The company's roadmap is closely aligned with South Korea's national mobility strategy, which aims to commercialize Level 4 AVs by 2027. With an ambitious expansion push into the Middle East and Southeast Asia, AUTONOMOUS A2Z is cementing its foothold in the global autonomous transportation sector—proving that strategic execution, not just capital, drives industry leadership.
Associated Press
27-01-2025
- Business
- Associated Press
A2Z Cust2Mate Solutions Corp. Announces Proposed Public Offering
TEL AVIV, IL / ACCESS Newswire / January 27, 2025 / A2Z Cust2Mate Solutions Corp. (NASDAQ:AZ)(FRA - WKN: A3CSQ) (the 'Company' or 'A2Z'), a global leader in innovative technology solutions, today announced that it is proposing to offer and sell its common shares in an underwritten public offering. The offering is subject to market and other conditions, and there can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering. All securities to be sold in the offering will be offered by A2Z. A2Z intends to use the net proceeds from the offering for continued development and expansion of existing business, including fulfilment of contracted smart cart backlog orders and acceleration of the onboarding process for new clients, and for working capital purposes. Titan Partners Group, a division of American Capital Partners, is acting as sole bookrunner for this offering. The securities described above will be offered pursuant to a shelf registration statement on Form F-3 (File No. 333-271226), which was previously filed with the Securities and Exchange Commission (the 'SEC') and became effective on April 21, 2023. A preliminary prospectus supplement and accompanying base prospectus relating to and describing the terms of the offering will be filed with the SEC and will be available on the SEC's website located at copies of which may be obtained, when available, by contacting Titan Partners Group LLC, a division of American Capital Partners, LLC, 4 World Trade Center, 29th Floor, New York, New York 10007, by phone at (929) 833-1246 or by email at [email protected]. This offering will be made only by means of the prospectus supplement and accompanying prospectus forming a part of the effective registration statement. This press release shall not constitute an offer to sell or the solicitation of an offer to buy any of the securities described herein, nor shall there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or other jurisdiction. About A2Z Cust2Mate Solutions Corp. A2Z Cust2Mate Solutions Corp. creates innovative solutions for complex challenges. A2Z's flagship product is the world's first proven-in-use mobile self-checkout shopping cart. With its user-friendly smart algorithm, touch screen, and other technologies, Cust2Mate streamlines the retail shopping experience by scanning purchased products and enabling in-cart payment so that customers can simply 'pick & go', and bypass long cashier checkout lines. This results in a more efficient shopping experience for customers, less unused shelf-space and manpower requirements, and advanced command and control capabilities for store managers. Forward Looking Statements Matters discussed in this press release contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this press release, the words 'anticipate,' 'believe,' 'estimate,' 'may,' 'intend,' 'expect' and similar expressions identify such forward-looking statements. Actual results, performance or achievements could differ materially from those contemplated, expressed or implied by the forward-looking statements contained herein. These statements include, without limitation, statements related to our ability to close the public offering and the use of proceeds. These forward-looking statements are based largely on the expectations of the Company and are subject to a number of risks and uncertainties. These include, but are not limited to, risks and uncertainties associated with: the market and other conditions, the impact of geopolitical, economic, competitive and other factors affecting the Company and its operations, and other factors detailed in reports filed by the Company with the SEC.
