Taisys, a Taiwanese company, has recently announced a substantial investment of 7.2 million USD in ATrack Technology Inc, a prominent player in the Automotive Intelligence industry. The investment, made through private placement, aims to introduce cutting-edge technology to the Indian Automobile Industry and strengthen Taisys’ position as a technology leader.
Established in 2010 and publicly listed in 2015, ATrack Technology Inc is renowned for its expertise in AI dashcams, ADAS, DMS, LEO satellites, and sensors. The company’s advanced navigation technology further enhances its capabilities, making it a key player in the development, manufacturing, and global solutions for Automotive Intelligence.
This strategic investment not only demonstrates Taisys’ dedication to the Indian market but also positions ATrack to capitalize on Taisys’ market presence and distribution network in India. Additionally, Taisys will gain access to ATrack’s advanced technologies, creating a mutually beneficial partnership.
Jason Ho, the Chairman of Taisys Technologies, articulated his vision for the investment, stating, “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.”
Furthermore, Abhishek Saxena, the Managing Director of Taisys India, emphasized the potential for India to emerge as a frontrunner in Automotive Intelligence through this partnership. He stated, “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 truly groundbreaking automotive technology like AI dashcams, all while aligning with the Make in India initiative.”
In line with the partnership, Taisys is also collaborating with global hardware manufacturing to enhance local production in India for semiconductor design platforms and AI dashcams. The goal is to serve the local market and 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.
In summary, Taisys’ multi-million investment in ATrack Technology Inc signifies a significant step towards advancing Automotive Intelligence in India. With Taisys’ vision and ATrack’s advanced technologies, the partnership is poised to drive innovation and growth in the Indian Automobile Industry.