22 Teraki: Choosing a strategic location Teraki, an AI-driven autonomous vehicle solutions provider, has registered a new office in Luxembourg to expedite its market entry in Europe. The company chose Luxembourg as a strategic location to scale its operations and leverage the country‘s welcoming ecosystem for autonomous vehicle development. Teraki’s recent entry into Luxembourg is a significant step forward. “Our company has been dedicated to leveraging machine learning for mobility applications since 2015. We first started working with automotive brands, and since 2020, we started replicating the success in robotics, drone and rail markets. Establishing a base in Luxembourg aligns perfectly with our vision of making intelligent mobility a reality for everyone,” states Daniel Richart, co-founder and CEO. The new arrival is welcomed by the Luxembourg government. “Due to its open eco- nomy, deep commitment to European cooperation and exceptionally multicultural population, Luxembourg is an excellent bridgehead for companies targeting multiple European markets,” comments Xavier Bettel, Vice Prime Minister and Minister for Foreign Affairs and Foreign Trade. “I’m very pleased that Teraki has decided to open an office here and benefit from our favourable ecosystem to further its expansion in the EU.” Lex Delles, Minister of the Economy, SMEs, Energy and Tourism adds: “Luxembourg supports the developments of the automotive and mobility sector, driven by its green and digital transition, as part of its economic diversification. Artificial intelligence and machine vision are important technologies in that field, particularly when applied to advanced driving assistance Systems (ADAS) and automated driving (AD). Considering Teraki’s particular experience, competence and technological solutions in that domain, we are A new mobility balance Providing efficient and sustainable mobility solutions is a priority across the world. While extending the public transport offering and last-mile solutions is a necessity in many cities, numerous Europeans live outside dense urban areas and need to use private cars. Luxembourg is creating a “new mobility balance”, aimed at building a seamless travel experience by combining multiple means of transportation and leveraging the advantages and opportunities of each single element of the mobility value chain. The new mobility balance provides unique opportunities for mobility innovation to be tested and demonstrated in Luxembourg and deployed on the European continent. Located close – but not too close – to major French and German automotive development centres, Luxembourg provides direct access to the attractive German, French and Benelux sales markets. The highly multilingual and multicultural population has the right cultural skills to support any company in doing business in the most attractive parts of Europe. Companies can also benefit from R&D partnerships and infrastructure to further develop their products or adjust them to European legislation and customer habits. Autonomous vehicle companies expand presence in Luxembourg Luxembourg‘s business-friendly environment, talent attraction strategies, incentives and multimodal mobility solutions make it an attractive destination for mobility companies looking to expand their operations in Europe. The country‘s focus on innovation and commitment to supporting the mobility sector‘s transformation position Luxembourg as a prime location for the industry‘s future growth which has recently attracted two international specialists in autonomous vehicles: Teraki and Pony.ai. Luxembourg: attracting mobility innovators By Lena Martensson, Senior Marketing & Communication Officer, Luxinnovation As a result of Luxembourg‘s attractive business environment, two leading autonomous vehicle companies, Teraki and Pony.ai, are in the process of establishing new offices in the country as part of their European expansion strategies. Image: © Luxinnovation Copyright MAE : (from left to right) Lex DELLES, Minister of the Economy, SME, Energy and Tourism; Xavier Bettel, Vice Prime Minister, Minister for Foreign Affairs and Foreign Trade, and for Development Cooperation and Humanitarian Affairs.
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