Dynamic Map Platform (DMP) and Ushr signed a definitive agreement under which DMP has agreed to acquire Ushr, which upon closing, will establish a single, enhanced platform for accelerated development and delivery of high-definition mapping solutions. DMP and Ushr are providers of accurate, high quality, high-definition (HD) road maps in Japan and North America, respectively.
DMP and Ushr share common values of progressing autonomous driving and advanced driver assistance systems (ADAS) as well as enhancing occupant safety and comfort through HD map technology. Through the combination, we will be able to offer automotive OEMs a comprehensive HD mapping solution for the North American and Japanese markets, with the ability to expand globally in the future. Further, we will jointly improve the technologies and expand the area of services, accelerating our customers’ ability to deploy autonomous driving and ADAS going forward.—Tsutomu Nakajima, President of DMP
Using survey-grade LiDAR and camera technology, Ushr has mapped all controlled access highways in the United States and Canada; road features are represented in the map to within approximately four inches of geospatial accuracy.
When combined with vehicles equipped with sensors and software enabling autonomous driving, Ushr’s HD maps allow self-driving cars to safely operate on mapped roadways, providing precise lane centering, smooth control through curves and the ability to anticipate roadway changes. Ushr’s market leading HD map technology was integrated into General Motors’ Super Cruise, the industry’s first true hands-free advanced driver assistance system for the highway, and first-to-market in the 2018 Cadillac CT6.
Ushr’s investors include: GM Ventures, EnerTech Capital, Emerald Technology Ventures and Forte Ventures. The transaction is subject to customary closing conditions, including receipt of regulatory approval. Terms of the agreement are not being disclosed.
DMP provides research, development and commercialization of high precision 3 dimensional (3D) map data used in the realization of autonomous driving and safe-driving support systems, beginning with Japan’s motorways and expanding to overseas markets.
Evercore is serving as financial advisor to Ushr and Wilson Sonsini Goodrich & Rosati is acting as legal counsel. Squire Patton Boggs is acting as legal counsel to DMP.