Init takes 67.74% stake in Norway’s Applied Autonomy to expand into autonomous fleet management

Bitget2026/10/05 16:30

Init bought a 67.74% stake in Norway’s Applied Autonomy on Oct. 1, 2026, expanding into autonomous fleet management software. Applied Autonomy’s xFlow platform supervises autonomous vehicles, supports remote operations, integrates multiple manufacturers, monitors fleets in real time. The deal adds xFlow to Init’s MOBILE-ITCS control system, targeting mixed autonomous and conventional fleets in public transport. Init also targets airports, logistics, local networks, positioning for demand tied to driver shortages and broader deployment of autonomous vehicles. Applied Autonomy’s technology is used on Europe’s only regular-route autonomous bus service operating without a safety driver, in Stavanger. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Init - Innovation In Traffic Systems SE published the original content used to generate this news brief via EQS News (Ref. ID: corporate_2410242_en) on October 05, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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