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

Mobileye, the Intel (NASDAQ: INTC) 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.

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Source Fool.com