JOST Werke SE Enhances Strategic Partnership with Aitonomi AG

On May 13, 2024, JOST Werke SE, a leader in safety-critical systems for the commercial vehicle sector, announced an extension of its strategic alliance with Aitonomi AG, a Swiss start-up specializing in autopilot technology for commercial vehicles. This move reinforces their collaborative efforts to spearhead technological innovations in the transportation and logistics domains.

Aitonomi, established in 2014, is known for its development of autonomous driving technologies, including electric trucks and delivery robots designed for substantial payloads. The collaboration with JOST involves integrating JOST’s comfort coupling system and steering systems into Aitonomi's autopilot technologies, aiming to enhance autonomous transport solutions at depots and port terminals.

The strengthened partnership is highlighted by JOST's commitment through a convertible loan in the single-digit million range, aimed at boosting Aitonomi’s strategic growth initiatives. CEO of JOST, Joachim Dürr, emphasized the potential market growth driven by global demand for automated transport solutions, which the partnership is well-poised to exploit.

From Aitonomi's perspective, co-founders Torsten Scholl and Xenia Scholl expressed enthusiasm about leveraging JOST’s industry experience to scale their innovative projects effectively, supported by the fresh capital infusion from the convertible loan.