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Honda Acquires Drivemode for Smartphone Apps for Drivers

Auto News - Published on Thu, 10 Oct 2019

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Honda R&D Co Ltd a research and development subsidiary of Honda announced that it has acquired all of the outstanding shares of the California-based Drivemode Inc in order to further strengthen Honda’s new value creation in the areas of digital and connected mobility products. With the acquisition, on September 26, 2019, Drivemode became a wholly-owned subsidiary of Honda R&D. Drivemode is a startup that develops and operates smartphone based connected services, excelling in multiple areas such as the development of the user interface and application as well as cloud-based technologies. Honda R&D and Drivemode have been collaborating and conducting joint development activities since 2015 through the Honda Xcelerator program, an open innovation program Honda has been pursuing on a global basis.

In April 2019, Honda newly established the Digital Solution Center within Honda R&D, which will focus on creating new value through utilization of digital technologies. With this acquisition, the Digital Solution Center and Drivemode will work together to accelerate new value creation in the area of connected mobility services, which will contribute to Honda’s vision to serve people worldwide with the joy of expanding their life’s potential.

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Posted By : Mohan Sharma on Thu, 10 Oct 2019
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