SoftBank is doubling down on its self-driving bus project in Japan. SB Drive, an entity created last year to develop autonomous vehicle technology for public..
SoftBank is doubling down on its self-driving bus project in Japan. SB Drive , an entity created last year to develop autonomous vehicle technology for public transport, just got a cash windfall after Yahoo Japan led a 510 million JPY ($4.6 million) investment .
Yahoo Japan, the Yahoo affiliate which is one of Japan’s most influential tech companies, provided 490 million JPY ($4.4 million) with SoftBank itself ponying up the remaining capital to retain a majority share. Post-investment, SoftBank’s stake in the business stands at 51.1 percent, Yahoo Japan owns a 48.6 percent share, and founding partner Advanced Mobility retains 0.
