Original Article, P. Verma, Boston Globe, January 11, 2022
Optimus Ride, a Boston-based autonomous vehicle company, is shutting down its operations and sending a majority of its engineering team to Magna International, a Canadian maker of car mobility technology, as part of an acquisition, officials said on Tuesday.
Sean Harrington, Optimus Ride’s chief executive officer, said in an interview that roughly 120 members of the company’s engineering team will join Magna, and that the transfer of talent is part of a larger deal that sees the Canadian company purchasing Optimus Ride’s assets, technology, and underlying intellectual property. Financial terms of the deal were not disclosed.
