Self-driving technology company Optimus Ride and real estate developer LStar Ventures have announced a partnership to provide residents of Union Point, an urban development south of Boston, with access to self-driving vehicles.
The agreement, lasting 18 months, represents the world’s first revenue-generating autonomous vehicle pilot programme, according to Optimus Ride. The company plans to begin moving passengers by early 2018.
Optimus Ride will keep part of its autonomous vehicle fleet at the 1,550-acre Union Point development, with residents and visitors able to use driverless vehicles to travel within the site and connect to mass transit at South Weymouth rail station.
Union Point is a former air base that is being developed into a ‘living laboratory’ for smart city technologies.
“My colleagues and I are truly honored to be partnering with a visionary like LStar Ventures on this unique, first of its kind pilot,” said Optimus Ride CEO Ryan Chin. “Union Point’s people-centric vision and smart city mission aligns with the values of Optimus Ride’s founding team, and we look forward to our future shared success.”
“Our team is incredibly excited to be bringing Optimus Ride’s cutting-edge vehicles to Union Point, and we look forward to watching our residents of all ages and backgrounds benefit from this greater mobility access,” said Kyle Corkum, CEO, LStar Ventures.
Optimus Ride, an MIT spinoff company, recently closed an $18 million Series A funding round, which it will use to scale its current vehicle fleet, hire new staff and continue its efforts to highlight the potential of fully autonomous driving technology.