Hyundai Motor Partners With ANRA Technologies

The Urban Air Mobility Division of Hyundai Motor Company GDR HYMTF formed a new partnership with ANRA Technologies, a cloud-based drone operational platform developer.
Both the companies will begin developing the operating environment for the advanced air mobility (AAM) industry.
As part of the partnership, ANRA will provide strategic insight into Hyundai’s operations concept for AAM airspace management and ground mobility integration.
The two companies will also identify research opportunities to help inform regulatory decisions and advance infrastructure projects.
“As an emerging mobility solution, it is critical diverse parties work together to co-create the AAM ecosystem, including its necessary digital and physical infrastructure,” said Pamela Cohn, chief operating officer, Urban Air Mobility Division of Hyundai Motor Group.
Price action: HYMTF shares are trading higher by 1.92% at $52 on the last check Wednesday.