Self-parking technology company STEER Tech has signed a memorandum of understanding (MoU) with app-based parking and valet services provider DropCar to develop autonomous vehicle solutions.

Under the MoU, STEER Tech will integrate its autonomous vehicle technology into DropCar’s Mobility Cloud platform.

The collaboration will enable fleet owners, dealers, OEMs, retailers, and shared mobility companies to gain access to autonomous technologies.

DropCar CEO Spencer Richardson said: “Together our goal is to provide fleet owners, dealers, car sharing solutions, OEMs, and retailers with a single destination to manage their current mobility programmes using DropCar’s last-mile logistics platform and safety drivers, while simultaneously leveraging autonomous capability to optimise their operations.

"Our goal is to provide companies with a single destination to manage their current mobility programmes using DropCar’s last-mile logistics platform and safety drivers."

“It is a great stepping stone to a wider array of autonomous applications as they become mainstream.”

STEER Tech has developed fully autonomous parking technology that can transform everyday cars into driverless vehicles that can self-park in designated lots.

The technology offers level-4 automation for a range of other last-mile functionalities. Sorry, there are no polls available at the moment.

STEER Tech CEO Anuja Sonalker said: “With STEER’s fully automated parking technology, DropCar is able to provide next level luxury to their consumers, lower parking accidents and scale a larger fleet owing to the added driverless capability.

“DropCar’s trusted logistics platform for tier-one mobility programmes and large group of consumers that subscribe directly to their mobile app for parking and personal chauffeur services will all benefit from the STEER-DropCar partnership.”

STEER Tech is offering a fully automated driverless technology for cars that is intended to take the hassle out of parking.