Togg and Ava Labs Announce Strategic Partnership at CES 2022 to Build First Mobility Blockchain Solutions on Avalanche
Togg, Turkey’s global technology brand focused on mobility, and Ava Labs, a team supporting the development of the Avalanche public blockchain, have announced plans to develop and launch safe and secure mobility services powered by smart contracts. The collaboration, which was announced at CES 2022 in Las Vegas, intends to break new ground in smart, autonomous mobility.
As part of its USECASE Mobility® initiative to expand the functionality of mobility and smart devices to become ‘more than a car’, Togg has been exploring the application of blockchain and related technologies for more than a year. Its search led them to the Avalanche public blockchain as a reliable and fast platform that is deeply rooted in technological innovation through extensive research and development.
“Togg will introduce many world firsts to harness the role of the digital economy in the world of mobility,” said Gürcan Karakaş, the CEO of Togg. “We are developing blockchain infrastructure for a digital native experience in the journey of owning and using Togg products and services. Our collaboration with Ava Labs is built on taking the experience of Togg users to the next level, going beyond automobiles to empower partners, users and non-Togg users across the mobility ecosystem to benefit from this platform.”
Echoing the user experience transformation in the mobile phone industry over the last 15 years, innovation is overhauling the automotive industry. Togg intends to expand and accelerate this revolution with IoT and M2M communication bringing endless possibilities.
The Togg Navigation system will be intermodal, meaning a user can seamlessly complete their journey using different transport solutions. For example, a user parks their Togg smart device at a pre-booked EV charging bay, and takes a reserved e-scooter for the final mile to the café to meet a friend, and they continue the journey together using a ride-hailing service. Togg’s ecosystem will enable automatic, fast, secure payments for all those services using blockchain technology and smart contracts.
Additionally, the Togg vehicle maintenance and parts replacement history will be included in a report stored on the blockchain, thus creating a secure and reliable second-hand market.
“In selecting Avalanche, Togg has chosen the ideal blockchain platform to underpin the future of mobility,” said Dr. Emin Gün Sirer, the CEO of Ava Labs. “Avalanche is the fastest smart contracts platform in the blockchain industry, as measured by time-to-finality, and it is built for global scale applications. We look forward to collaborating with Togg to help turn its vision into reality.”
An intellectual property of Turkey, Togg is a globally competitive USE-CASE MOBILITY®️ brand. Togg was established on June 25, 2018 as a joint venture of Anadolu Grubu Holding A.Ş., BMC Otomotiv Sanayi ve Ticaret A.Ş., Turkcell İletişim Hizmetleri A.Ş., Zorlu Holding A.Ş. and the Union of Chambers and Commodity Exchanges of Turkey (TOBB).
Togg is set to start manufacturing Europe’s first non-legacy, native SUV in its Gemlik facility in 2022, part of its focus on developing next-gen smart and connected EVs and the surrounding mobility ecosystem, for which the company also develops novel technologies, services, customer experiences, and business models.
Togg aims to reach a production of 1 million by 2030 across five connected EV models, built over a common platform.
About Ava Labs
Ava Labs makes it simple to launch decentralized applications on Avalanche, the fastest smart contracts platform in the blockchain industry. It is empowering people to easily and freely digitize all the world’s assets on one open and programmable blockchain platform.
Ava Labs was founded by Cornell computer scientists who brought on talent from Wall Street to execute their vision. The company has received funding from Andreessen Horowitz, Initialized Capital, and Polychain Capital, with angel investments from Balaji Srinivasan and Naval Ravikant.