ADASTEC
SAE Level-4 automated driving software for commercial buses.
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | investor investor investor investor | €0.0 | round |
| investor investor investor | €0.0 | round | |
| N/A | €0.0 | round | |
| N/A | €0.0 | round | |
| investor | €0.0 Valuation: €0.0 | round | |
$250k | Grant | ||
| Total Funding | 000k | ||
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ADASTEC is a software company specializing in enabling full-sized electric public transit buses to become SAE Level-4 autonomous. Founded in 2018 by CEO Dr. Ali Ufuk Peker, CTO Kerem Par, and CPO Atalay Taskoparan, the company is headquartered in Michigan, USA, with a significant R&D office in Istanbul, Turkey, and operations in the Netherlands and Sweden. Dr. Ali Ufuk Peker has over 25 years of experience in software development and high-tech, with his Ph.D. focusing on enhancing vehicle localization using digital maps and GNSS, a field directly related to the company's core technology.
The company's flagship product is flowride.ai, a proprietary software platform designed for seamless integration into bus original equipment manufacturer (OEM) production lines. This platform, combined with a sensor stack, allows commercial vehicles to operate safely in mixed traffic on predefined public routes without human intervention. The business model is centered on partnering with bus OEMs worldwide to factory-fit the technology, rather than retrofitting existing vehicles. ADASTEC licenses the flowride.ai software on a yearly, per-bus basis. This approach has led to partnerships with manufacturers like Karsan and Vicinity Motor Corp to produce serially manufactured autonomous buses.
ADASTEC has successfully deployed its solutions in the U.S., Europe, and other regions, with notable projects including a pilot program at Michigan State University and a contract to supply self-driving buses for airport transportation in Rotterdam. The company has secured a total of $3.81M in funding over three rounds from investors including APY Ventures, Plug and Play Tech Center, and the Technology & Innovation Fund.
Keywords: SAE Level-4, autonomous buses, automated driving software, public transportation, flowride.ai, commercial vehicles, electric buses, OEM integration, fleet management, smart mobility, autonomous transit, connected vehicles, V2X communication, sensor fusion, HD mapping, automotive software, transit automation, public transit solutions, driverless bus, ADAS