Volkswagen and Mobileye team up for an autonomous ride-hailing service

Intel-owned company Mobileye has teamed up with Volkswagen to launch an autonomous EV ride-hailing service in its native country of Israel. Their joint venture called "New Mobility" will use electric Volkswagen vehicles powered by Mobileye's Level 4 autonomous driving system "AV Kit." A third partner, Israeli VW distributor Champion Motors, will manage the service's fleet and logistics. The Israeli government has promised to provide the venture with the regulatory and infrastructure support it needs, so the companies might not have to worry about dealing with red tape and bureaucracy. Intel purchased Israel-based Mobileye, which helped Tesla develop its Autopilot technology until they parted ways, for $15.3 billion in 2017.