Tekcapital PLC’s (LON:TEK) portfolio firm Guident has appointed Daniel Grossman as a director.
The UK IP investment firm said Grossman had previously served as chief executive of commuter shuttle service Chariot and vice-president of ZipCar as well as chief operating officer of General Motors’ mobility division, Maven.
READ: Former General Motors' Cadillac boss joins Tekcapital's Guident as director
“Dan is a proven global manager and entrepreneur in the automotive industry. He has extensive experience successfully developing and transforming companies to achieve breakthrough results, competitive advantage, and shareholder value” the company said.
Guident was established by Tekcapital to commercialise new technology to enhance the utility, safety and enjoyment of autonomous vehicles and drones, including the potential for auto-parking or ride-sharing.
"Autonomous vehicles will make it easier, safer and more convenient for people to travel. I believe software apps will play an increasingly important role in enabling individuals to benefit from an autonomous transportation network. I'm looking forward to contributing to the growth and success of Guident," Grossman said.
Dr Clifford Gross, chairman of Tekcapital, said: "We are delighted that Guident has appointed Daniel Grossman as a director. He is a highly experienced and successful automotive executive who understands first-hand how autonomous vehicles have the potential to help individuals and companies better achieve their transportation objectives. We are confident he will make a significant contribution to the commercialisation of Guident's patented autonomous vehicle software technology. According to Market Research Future1, the autonomous vehicle market is expected to reach US$65.3bn by 2027."
Guident announced another board appointment in December when Johan de Nysschen, the former head of General Motors’ Cadillac division, joined as a director.
In early trading Monday, Tekcapital shares were steady around 6.2p.