Self-driving cars are still a relatively new concept that's being tested, but one startup, AutoX, is thinking ahead and looking for different ways autonomous vehicles can be used.
The company's aim is to"democratize autonomy" and make self-driving cars universally applicable in areas such as logistics, transportation and delivery, according to Jianxiong Xiao, founder and CEO at AutoX."That can power different vehicles. Those vehicles can transport human beings can do delivery of goods," he said at the Credit Suisse Global Supertrends Conference in Singapore.
The company says it has a proprietary technology that uses multiple sensors to process information, accurately calculate distances and detect obstacles in the car's path. AutoX's business model relies on licensing that technology to other companies that can implement their self-driving services.
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