In a significant move aimed at advancing automotive intelligence in India, Taisys, a Taiwan-based company, has made a strategic investment of $7.2 million in ATrack Technology Inc through private placement.
The investment underscores Taisys’ dedication to introducing cutting-edge technology to the Indian automobile industry. By partnering with ATrack, a renowned player in the field, Taisys aims to capitalize on ATrack’s advanced technologies while leveraging its own market presence and distribution network in India. This collaboration is poised to propel India to the forefront of automotive technology innovation, aligning seamlessly with the nation’s Make in India initiative.
Abhishek Saxena, Managing Director of Taisys India, expressed excitement about the partnership, emphasizing the potential of automotive intelligence to revolutionize the Indian automotive landscape. He highlighted the role of technologies such as AI dashcams in driving this transformation.
ATrack’s expertise lies in the development of a range of cutting-edge technologies including AI dashcams, ADAS (Advanced Driver Assistance Systems), DMS (Driver Monitoring Systems), LEO satellites, and sensors. Their proficiency in Advanced Navigation technology further enhances their capabilities, making them a formidable player in the automotive intelligence domain.
Taisys is also committed to bolstering local manufacturing in India for semiconductor design platforms and AI dashcams by partnering with global hardware manufacturers. Establishing manufacturing units in India not only caters to the burgeoning domestic market but also taps into India’s growing ecosystem for global supply chains. These technologies find applications across various sectors such as automotive, logistics, and personal navigation, offering precise and reliable tracking solutions.
Jason Ho, Chairman of Taisys Technologies, reiterated the strategic importance of the investment, emphasizing ATrack’s innovative approach and track record in driving growth. The investment aligns seamlessly with Taisys’ vision of introducing leading global technologies to India, fostering innovation and technological advancement.
About ATrack:
Founded in 2010 and publicly listed in 2015, ATrack is a leading brand offering development, manufacturing, and global solutions for the Automotive Intelligence industry. With a focus on innovation and technology, ATrack is poised to reshape the automotive landscape, driving the adoption of intelligent solutions for enhanced safety and efficiency.
