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#News(Startup) [ via IoTForIndiaGroup ]
Flux Auto, a 16-person startup based in Bangalore, hopes to make a difference by democratizing autonomous systems. It is developing technology that, when finished, could enable any kind of truck to be retrofitted with self-driving car technology at a far lower price. To make its tech accessible, Flux Auto has had to make a compromise. It doesn’t use Lidar — Light Detection and Ranging — sensors which have become the standard for autonomous vehicles, but are incredible expensive. Waymo CEO John Krafcik recently revealed a Lidar would cost $75,000 a few years ago, but these days he claims it is just 10 percent of that price.
“While the competition is focusing on LIDAR technology which is very expensive and processing heavy (due to a lot of unneeded data), our vision algorithms can be used with any cheap cameras and has a much quicker response time. This drives down our cost and in turn, the cost for the customer as well, all while having similar levels of accuracy as a LIDAR system,” Flux Auto founder Pranav Manpuria explained to TechCrunch.
Flux Auto is looking at a product that would retail for around $3,000-$4,500, the price range would be dependent on the level of features a customer wants. The system is being developed to handle cruise control, lane keeping and collision avoidance. Like Uber AG and Waymo, the idea is to take the strain off of drivers and help make journeys more efficient. “We’re using cameras along with other sensors — sonar, radar, ultrasonic, etc — to understand everything that’s happening around the vehicle, and make decisions based on that,” Manpuria said. “We’re developing our entire tech stack as an after market accessory. This allows us to target the massive market of already existing commercial vehicles.”
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