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TOKYO - Honda Motor Co., Ltd. (market cap: $39.7 billion) announced Wednesday it will make an additional investment in California-based AI startup Helm.ai to accelerate development of next-generation autonomous driving and advanced driver-assistance systems. According to InvestingPro data, Honda maintains a GOOD financial health score, positioning it well for strategic investments in emerging technologies.
The investment builds upon Honda’s initial 2022 funding of Helm.ai, which specializes in AI technologies using unsupervised learning methods. The companies have been collaborating since 2019 through Honda Xcelerator, the automaker’s open innovation program. With a solid current ratio of 1.3 and last twelve months revenue of $150.1 billion, Honda demonstrates the financial strength to support its innovation initiatives.
In July, Honda and Helm.ai signed a multi-year joint development agreement focused on end-to-end AI architecture that controls environmental perception, decision-making, and vehicle actuation for autonomous systems.
Honda aims to implement the resulting advanced driver assistance systems in key electric and hybrid vehicle models launching in North America and Japan around 2027. The technology is expected to provide high-level driver assistance throughout entire routes, including expressways and surface roads.
"This additional investment will be an important step toward offering a safe, reliable, and original next-generation AD/ADAS more quickly and affordably," said Mahito Shikama, Operating Executive of Honda Motor and Head of SDV Business Development Unit.
Vladislav Voroninski, CEO of Helm.ai, noted the collaboration combines "Honda engineering expertise with Helm.ai’s modularized end-to-end AI software and proprietary Deep Teaching technology."
The partnership supports Honda’s goal of achieving zero traffic fatalities involving its vehicles globally by 2050. Financial terms of the investment were not disclosed in the press release statement. Trading at a price-to-book ratio of 0.51 and showing low volatility with a beta of 0.29, Honda appears undervalued according to InvestingPro’s Fair Value analysis. Discover more insights and 12 additional ProTips about Honda’s investment potential with an InvestingPro subscription.
In other recent news, American Honda Motor Co., Inc. has launched Honda Insurance Solutions, a new insurance agency serving all 50 states. This agency aims to offer insurance options for Acura and Honda customers, covering a range of vehicles and properties, including automobiles, motorcycles, RVs, and homes. The service operates in partnership with insurance broker VIU by HUB, providing comparative quotes from various insurance carriers through its online platform. Notably, the agency offers an option for OEM parts coverage, ensuring that repairs use Honda and Acura Genuine Parts. These developments highlight Honda’s strategic move to expand its services for its customer base.
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