Volkswagen AG Invests $2.6 Billion In Argo AI

When we formed Argo AI more than two years ago, our mission was clear: make transportation safer, more accessible, affordable and convenient by developing self-driving vehicles in partnership with leading automakers.

Today, Volkswagen AG becomes our second investor and our latest customer. Our agreement with Volkswagen positions us as a technology platform company, expands the potential geography for deployment and will further fuel our product development. In fact, we’re the first self-driving company with definitive deployment plans in both the United States and Europe.

This new partnership builds on a $1 billion investment from Ford Motor Company, which has given us the financial resources to allow our team to focus, grow our talent, go heads down and progress quickly — putting us in a position to attract one of the world’s largest automakers.