Harbinger announced the acquisition of Phantom AI and a licensing partnership with ZF Group to expand advanced driver assistance and create a new software services revenue stream for commercial and passenger vehicle markets. “Our acquisition of Phantom AI and partnership with ZF are pivotal milestones for Harbinger as we expand beyond commercial vehicles and enter new segments for the first time,” said John Harris, Co-Founder and CEO, Harbinger. “We are combining Phantom AI’s computer vision with ZF’s global reach and leadership in automotive systems to unlock an entirely new revenue stream of software services and autonomy. At the same time, we are incorporating even more advanced driver assistance and safety features into our medium-duty vehicles, which is something our large Fortune 500 customers have been asking for.”
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“Licensing Phantom AI’s computer vision will help strengthen ZF’s passenger car ADAS portfolio” said Christopher Ludwig, Vice President of Procurement for ZF’s Electronics & ADAS Division. “This collaboration allows ZF to provide a broader selection of products and options at different values to our customers today while creating a path for future autonomous driving capabilities.” “Thanks to this acquisition, we are able to deliver a more comprehensive, technology-forward solution that includes robust ADAS capabilities and telematics to the medium-duty vehicle segment and beyond,” said Hyunggi Cho, Co-Founder and CEO, Phantom AI. “While these features are already expected in passenger vehicles, medium-duty fleets have historically been underserved.”
