Driverless cars hit the road in Boston

Nutonomy founder and CEO Karl Iagnemma discusses the company's autonomous cars and growing competition within the industry.

Self-Driving Car Startup Bringing its Fleet to Boston

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NuTonomy will test out its autonomous vehicle in the streets of Boston by the end of this year. The Cambridge, Massachusetts-based startup began testing its self-driving cars in Singapore last August with the hopes of rolling out its commercial fleet in the U.S. ahead of other large automakers, such as BMW and Ford (F).

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In an exclusive interview with FOX Business Network’s Countdown to the Closing Bell, NuTonomy CEO Karl Iagnemma said its testing of self-driving cars is going great.

“The most difficult thing is that even if you can program a car to follow the rules of the road, sometimes, human drivers have other ideas and so these cars have to be intelligent enough to adapt to the way that you and I drive,” Iagnemma said.

NuTonomy is trying to get a leg up on the competition as companies such as Google, parent company Alphabet Inc. (GOOGL), and Uber look to launch their own autonomous vehicles.

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“We welcome competition from other companies, you know large and small. This is a global opportunity. There’s lots of room for many players and we know we got a great path to success in autonomy,” he said.

The company plans to announce additional partnerships around the world in the coming months, and will reveal its self-driving Renault Zoe electric vehicle in Singapore in 2018.

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“We are focused on getting to market early in some of the key markets worldwide that are interested in putting these autonomous cars on the road,” Iagnemma told host Liz Claman.

The NuTonomy co-founder is excited about testing its self-driving vehicles in a historic city such as Boston, with a complex network of roads.

“We know that if we can drive well in Boston, can drive well anywhere,” he said.

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