Taisys, a mobile interconnectivity and vertical integration solution in Taiwan, has invested 7.2 Million USD in ATrack Technology Inc, an IPO company TPEX:6465, through private placement.
Founded in 2010 and publicly listed in 2015, ATrack is a brand offering development, manufacturing, and global solutions for the Automotive Intelligence industry.
ATrack’s core strengths lie in developing AI dashcams, ADAS, DMS, LEO satellites (low-earth orbit satellites used for satellite-based tracking), and sensors. Their expertise in Advanced Navigation technology further adds to their capabilities.
Taisys and ATrack are also partnering with hardware manufacturers to boost local manufacturing in India for semiconductor design platforms and AI dashcams.
By setting up manufacturing units in India, both parties aim to not only serve the local market but also leverage India’s growing ecosystem for global supply chains. These technologies are integral to various sectors, including automotive, logistics, and personal navigation, offering precise and reliable tracking solutions.
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.”
Abhishek Saxena, the Managing Director of Taisys India, said, “We are thrilled to partner with ATrack’s technological prowess to leverage the upcoming wave of Automotive intelligence in India. This presents a unique opportunity for India to become a frontrunner in the field with groundbreaking automotive technology like AI dashcams while aligning with the Make in India initiative.”
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