Hyundai Motor said on April 15 that it would invest in Code 42, a recently established startup, for cooperation in various areas related to future mobility. Code 42 was created last month by Song Chang-hyun, who was chief technology officer (CTO) of Naver Corp. until early this year.
Code 42 members already have a wealth of experience in such areas as speech recognition, artificial intelligence, mobility, autonomous navigation, precision mapping, robotics, computer visions and big data. Code 42 plans to ramp up the number of engineers to 100 by the end of this year and expand the number of employees to 300 by 2021.
Code 42, in particular, embarked on the development of UMOS, an integrated mobility platform that covers the entire process of urban mobility services. UMOS is a next-generation service platform that aims to provide diverse mobility services such as car hailing, car sharing, robot taxies, smart logistics, and food delivery by integrating various means of transportation such as self-driving vehicles, drones and automatic delivery robots.
Hyundai Motor plans to develop advanced smart mobility solutions, including driverless vehicles, connected cars, robotics, AI and precision mapping, in partnership with Code 42.