Taisys Funds USD 7.2 Million in ATrack Technology For Automotive Intelligence By CIOTechOutlook Team

Taisys Funds USD 7.2 Million in ATrack Technology For Automotive Intelligence

CIOTechOutlook Team | Monday, 10 June 2024, 09:01 IST

Taisys has made an strategic funding of 7.2 Million USD in ATrack Technology Inc, an Initial public offering organization TPEX:6465, through private placement. ATrack is a leading brand that provides global solutions for the automotive intelligence industry through development, manufacturing, and public listing in 2015.

The venture flags their obligation to carrying this state of the art innovation to the Indian Automobile Industry. While Taisys gains access to ATrack's cutting-edge technologies and consolidates its position as a technology giant, it positions ATrack to leverage Taisys' leading market presence and distribution network in India.

The creation of AI dashcams, ADAS, DMS, LEO satellites—satellite-based tracking satellites—and sensors are ATrack's primary strengths. Their expertise in Cutting edge Navigation technology further adds to their abilities.

In addition, Taisys has formed a partnership with a global hardware manufacturing company to boost local manufacturing in India for AI dashcams and semiconductor design platforms. Both parties want to serve the local market and make use of India's expanding ecosystem for global supply chains by establishing manufacturing facilities there. These technologies provide precise and dependable tracking solutions and are used in a variety of industries, including automotive, logistics, and personal navigation.

Jason Ho, the Chairman of Taisys Technologies said “This investment aligns with our vision to bring the best global technologies to India. ATrack’s innovative approach and proven track record perfectly complement our growth strategy.”