Veoneer Signs Agreement With Qualcomm And Creates New Software Brand Arriver

The Swedish automotive technology company, Veoneer, Inc. (NYSE: VNE and SSE: VNE SDB), and Qualcomm Technologies, Inc. have signed an agreement under which the companies will collaborate on the delivery of scalable Advanced Driver Assistance Systems (ADAS), Collaborative and Autonomous Driving (AD) solutions. Through the parnership, Veoneer will create a dedicated software unit called Arriver.

Arriver is 100% owned by Veoneer but will operate under specific information handling protocols and reporting structures as part of its collaboration with Qualcomm Technologies.

For several months Veoneer and Qualcomm Technologies have worked together to create a world leading roadmap of a scalable, open ADAS and autonomous driving system.

Jan Carlson, Chairman, President & CEO, Veoneer, says: “Today’s agreement with Qualcomm Technologies and the creation of Arriver^TM are key milestones in Veoneer’s development. We will now move ahead with full force to create a market leading ADAS solution based on Arriver^TM Software and Qualcomm® Snapdragon Ride™ SoC hardware. Veoneer will now also be able to take the next steps as a next generation Tier-1 supplier offering the latest active safety and restraint controls electronics products to the market.”

Nakul Duggal, senior vice president & GM, Automotive, Qualcomm Technologies, Inc. adds: “We are pleased to take the next step with the announcement of the Arriver perception and drive policy software stack running on Snapdragon Ride, which allows a pre-integrated and pre-validated platform to be offered by Qualcomm Technologies to automakers and Tier-1 suppliers,” . This collaboration expands our joint value proposition and focuses on solving the increasing complexity of ADAS and autonomous driving platform deployment faced by automakers and Tier-1 suppliers.”

Arriver software is already functional on the Snapdragon Ride Platform, which will be available for automotive customers in coming months.