Saturday, July 20, 2024

‘Foxconn makes significant investment in Indigo Technologies, a manufacturer of light utility electric vehicles’

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Indigo Technologies, a US-based light utility EV manufacturer, has recently announced a significant investment from the Taiwanese multinational electronics manufacturer Hon Hai Technology Group, also known as Foxconn.

This investment from Foxconn will play a crucial role in helping Indigo Technologies accelerate the development of their smart EV technologies for light utility applications such as ride-hailing, delivery, and autonomous transportation.

Indigo Technologies is known for its proprietary road-sensing SmartWheels technology, originally developed by a team from MIT. The company is leveraging robotics hardware and software to integrate drivetrain and suspension into a technology package that enables a new vehicle architecture.

The first EV powered by Indigo’s SmartWheels technology, named the FLOW, boasts a spacious 180 cubic feet interior and an impressive range of approximately 200 miles. With a price tag of around ,000, the FLOW is expected to hit the market by late 2026. In addition to the FLOW, Indigo Technologies is also working on a smaller model called the DASH, which offers 90 cubic feet of space and a range of 140 miles. The DASH is priced at around ,000 and is scheduled for delivery in 2025.

CEO Will Graylin emphasized the importance of providing affordable and appealing EV options that prioritize safety, utility, and comfort for cities, citizens, and businesses alike.

Overall, this partnership between Indigo Technologies and Foxconn is set to revolutionize the light utility EV market and pave the way for more advanced smart EV technologies in the near future.

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