Russia’s SberAutoTech Unveils Self-Driving Vehicle FLIP

SberAutoTech, a subsidiary of Russia’s largest lender Sberbank, has developed a fully self-driving vehicle, FLIP, which the company on Thursday described as a “taxi of the future”. Sberbank is diversifying in areas ranging from food delivery and taxi services to cloud computing and cyber security, and has made technological strides, last year unveiling a new virtual assistant, smart speaker and other gadgets. FLIP is the size of a conventional passenger car but with space for six passengers, SberAutoTech said. It has met the maximum requirement of international automated driving standards, but so far has only been tested on closed tracks.

SberAutoTech did not disclose how much it had invested in the project or any details about prices, suppliers or its expected production timeline. Replaceable batteries power the vehicle’s electric motor, but it can also harness the power of alternative fuels like natural gas and hydrogen, SberAutoTech said.