Mobileye, Croatia’s P3M team up for autonomous mobility project

Mobileye, owned by U.S. chip maker Intel, will provide its scalable self-driving technology, Mobileye Drive, while P3M will contribute its fully autonomous electric vehicle, which is under development.

Testing and validation of Mobileye's AV solution on the streets of the Croatian capital are expected to start in 2024.

Mobileye aims to improve automotive safety through computer vision and AI. Its Mobileye Drive system, powered by the EyeQ chip, offers scalable autonomous driving for robotaxis and Mobility-as-a-Service (MaaS) providers. More than 170 million vehicles have integrated Mobileye's technology.

P3M has already signed agreements with nine cities across the European Union, the UK and the Gulf Cooperation Council to provide its urban autonomous service, and 30 more cities are planned to follow. Also, the startup is about to establish a production facility in Croatia for large-scale production of autonomous vehicles.

Earlier this month, P3M, said it has closed its Series-A investment round, growing the total amount raised from private investors to some 100 million euro ($107 million) to support the company's growth.

Croatian businessman Mate Rimac, his Rimac Group, South Korea's Kia Corporation, Croatian IT company Infinum are among the owners of P3M, according to data from the Croatian court registry.