Tensor and Münchner Taxi Zentrum Sign LOI to Put Taxi Operators at the Center of Autonomous Mobility in Germany
Published on 10/27/2026 at 22:30 | dgap, AD HOC NEWS| Tensor Auto / Key word(s): Agreement/Contract 27.10.2026 / 22:30 CET/CEST The issuer is solely responsible for the content of this announcement. Tensor brings its Robocar to Germany, with taxi operators in control of their fleets, customers and data; partners plan up to 500 Robocars in German cities as a first step SAN JOSE, Calif., Oct. 27, 2026 /PRNewswire/ -- Tensor Auto Inc. ("Tensor"), an American Physical AI company and developer of the Tensor Robocar, and Münchner Taxi Zentrum ("MTZ"), Munich's largest taxi operator, today announced a letter of intent (LOI) to deploy Tensor Robocars as autonomous taxis in Germany, operated by MTZ. Financial institutions finance the fleets. In partnership with mobility operators and taxi companies, financial institutions will finance Robocar fleets, enabling rapid scaling while creating a new asset class in European mobility. Operators such as MTZ manage day-to-day service operations. Operators provide the ride-share platform and the service. The Robocar integrates with MTZ's existing dispatch systems, so riders book and ride with MTZ as they do today. In collaboration with the city, MTZ decides where, when and how its autonomous fleet runs, drawing on more than 40 years of serving Munich. Tensor powers it in the background. Through its ADaaS subscription, Tensor provides the autonomous driving software, fleet-management tools, ongoing service and training. MTZ, not Tensor, operates the vehicles. The Plan Initial fleet: up to 500 Tensor Robocars in German cities, subject to definitive agreements and Level 4 regulatory approval in Germany. Europe: the partners will work together to bring Tensor Robocars to other taxi companies and fleet operators across Europe. They aim to place 10,000 additional Robocars with European operators within 24 months of the Robocar becoming available in Europe. Through MTZ CEO Gregor Beiner's roles in the taxi industry, the partnership has access to a large network. Private sales: as part of the LOI, the partners will also explore offering Tensor Robocars to private buyers in Germany. Why the Robocar The model is only possible because of the Tensor Robocar itself. Unlike robotaxis converted from existing cars, the Robocar is purpose-built for autonomy and engineered to the higher standards required for personal ownership. That dual-purpose design brings real advantages to operators and riders: More time in service. The Robocar is designed to perform automatic maintenance checks, clean its own sensors, and automatically park and shield its sensors, so vehicles spend more time carrying riders and less time in the depot. A ride you can talk to. Many riders value being able to talk to their taxi driver. The Robocar is driven by agentic AI: rather than simply following pre-programmed rules, it reasons about the road and the people around it, understands what a rider asks and acts on it. Riders will be able to speak to the Robocar naturally to change the route, add a stop along the way or ask a question, just as they would with a driver. About Tensor Tensor Auto Inc. is an American Physical AI company developing agentic AI and full-stack autonomous driving technology. Its flagship product, the Tensor Robocar, is an SAE Level 4 vehicle designed for both personal ownership and robotaxi fleets. Tensor offers its Robocar directly and licenses its autonomous driving technology to fleet operators and automakers through its Autonomous Driving as a Service (ADaaS) model. Founded in Silicon Valley in 2016, Tensor has offices in San Jose, Barcelona, Singapore and Dubai. For more information, visit www.tensor.ai. About Münchner Taxi Zentrum (MTZ) Münchner Taxi Zentrum (MTZ) is an owner-managed passenger mobility company that has served Munich for more than 40 years. With more than 150 employees, MTZ is the largest taxi company in the region and works with cities to shape urban mobility. MTZ launched one of Germany's first all-electric premium taxi fleets in 2018, supported by its own fast-charging infrastructure. CEO Gregor Beiner also chairs Taxis 4 Smart Mobility (T4SM), a coalition of taxi organisations from six European countries, and is president of the German Federal Association of Taxi and Private Hire Vehicles. ![]() 27.10.2026 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group. The issuer is solely responsible for the content of this announcement. The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. View original content: EQS News |
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