Aptiv, Audi invest $285 million in software company TTTech Auto

DETROIT : Auto technology supplier Aptiv PLC and Volkswagen AG's Audi brand are investing a combined $285 million in vehicle software company TTTech Auto, giving the Austrian firm a valuation of $1 billion, the companies said.

Aptiv will invest $228 million in TTTech Auto, while Audi is investing $57 million, the companies said in a statement. TTTech Auto was formed in 2018 by aerospace firm TTTech Group, South Korean technology company Samsung, Audi and chipmaker Infineon.

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