Perrone Robotics

Perrone Robotics

Provides autonomous vehicle retrofit solutions

About Perrone Robotics

Simplify's Rating
Why Perrone Robotics is rated
B
Rated C on Competitive Edge
Rated A on Growth Potential
Rated B on Differentiation

Industries

Automotive & Transportation

Company Size

11-50

Company Stage

Series A

Total Funding

$10M

Headquarters

Charlottesville, Virginia

Founded

2003

Overview

Perrone Robotics focuses on creating autonomous vehicle systems that enable self-driving capabilities for various types of vehicles. Their main product, the TONY retrofit kit, allows existing vehicles to be transformed into autonomous units, making it applicable for transporting people and goods across different sectors such as commercial and public transportation. Unlike many competitors, Perrone Robotics offers both retrofit kits for upgrading current vehicle fleets and complete solutions for new vehicles, providing flexibility to their clients. The company aims to enhance mobility options while prioritizing safety and reliability in their technology.

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Simplify's Take

What believers are saying

  • Partnership with NEORide and USDOT SMART Grant boosts Perrone's market presence in public transit.
  • Dedicated Transit Division enhances focus on scalable solutions for passenger transit sectors.
  • Collaboration with Global Finance Group offers cost-effective leasing options for educational institutions.

What critics are saying

  • Increased competition from companies like Waymo and Cruise challenges Perrone's market share.
  • Potential regulatory delays could hinder Perrone's autonomous vehicle deployment plans.
  • Supply chain constraints may affect production and deployment of Perrone's retrofit kits.

What makes Perrone Robotics unique

  • Perrone Robotics offers the TONY retrofit kit for any vehicle, enhancing versatility.
  • Their MAX software platform accelerates autonomous solutions, setting them apart in the market.
  • Perrone's focus on safety and reliability strengthens their position in autonomous vehicle technology.

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Funding

Total Funding

$10M

Below

Industry Average

Funded Over

1 Rounds

Series A funding typically happens when a startup has a product and some customers, and now needs funding to scale. This money is usually used to grow the team, expand marketing, and improve the product. Venture capital firms are frequently the main investors here.
Series A Funding Comparison
Below Average

Industry standards

$15M
$8.2M
Discord
$10M
Perrone Robotics
$15M
Canva
$30M
Kalshi

Growth & Insights and Company News

Headcount

6 month growth

↓ -11%

1 year growth

↑ 0%

2 year growth

↓ -6%
PR Newswire
May 30th, 2025
Perrone Robotics Celebrates National Av Day With Milestone Achievements Across Av And Adas Platforms

CHARLOTTESVILLE, Va., May 30, 2025 /PRNewswire/ -- On this official National Autonomous Vehicle (AV) Day, May 31, Perrone Robotics proudly celebrates the progress made in delivering trusted, safe, feature-rich, and operationally-ready autonomous vehicle (AV) solutions across the widest array of platforms and applications in the industry. Through its patented TONY® AV Kit and its TONY® ADAS Kit, Perrone is bringing automation to the real world, today

PR Newswire
May 21st, 2025
Perrone Robotics And Neoride Awarded Usdot Smart Grant To Retrofit Six Ohio Transit Buses With Advanced Driver-Assistance Technology

Project channels $1.98 million in federal funding to install, test, operate, and evaluate Perrone's TONY™ ADAS Kit, equipping legacy fleets with collision avoidance, lane-keeping, and other safety enhancements.CHARLOTTESVILLE, Va. and WADSWORTH, Ohio, May 21, 2025 /PRNewswire/ -- Perrone Robotics Inc. and NEORide, a council of governments representing more than 30 U.S. transit agencies, today announced a landmark Vehicle-Agnostic Kit Services Agreement to retrofit six 35-foot Gillig buses in Ohio with Perrone's TONY™ ADAS Retrofit Kit. The project is funded through the U.S. Department of Transportation's Strengthening Mobility and Revolutionizing Transportation (SMART) Grant program.The upgraded buses will be deployed by three NEORide members—Butler County Regional Transit Authority (BCRTA), Stark Area Regional Transit Authority (SARTA), and Western Reserve Transit Authority (WRTA)—bringing cutting-edge driver-assistance capabilities to riders and operators across the region.Safety and Efficiency—Delivered TodayThe TONY™ ADAS Kit integrates with existing buses, combining advanced sensors with Perrone's MAX® autonomy software to provide:Forward Collision Avoidance and Automated Emergency Braking (AEB)Adaptive Cruise Control and Lane-Keeping AssistanceBlind Spot Detection and Side-Impact AlertsIntersection management support, pedestrian protection, and data loggingUnder this program, each bus will be outfitted with Forward Collision Avoidance, Lane-Keeping Assistance, Adaptive Cruise Control, advanced warnings, and a data logging platform with expandable modules for future features.By retrofitting rather than replacing vehicles, agencies gain immediate safety benefits while maximizing taxpayer value.Paul Perrone, Founder & CEO, Perrone Robotics:"TONY allows transit systems to leap from legacy to leading-edge safety in weeks, not years

PR Newswire
May 14th, 2025
Perrone Robotics Announces Formation Of Dedicated Transit Division To Support Growth And Enhanced Customer Focus

CHARLOTTESVILLE, Va., May 14, 2025 /PRNewswire/ -- Perrone Robotics, Inc., a pioneer and leader in autonomous vehicle technology, today announced the establishment of a dedicated Transit Division. This strategic initiative enhances the company's capability to serve its expanding customer base across public and commercial passenger transit sectors, reinforcing Perrone Robotics' commitment to delivering scalable, efficient, and high-quality transit automation solutions

Motor
May 13th, 2024
Perrone Robotics Unveils TONY ADAS Kit: Advanced Driver Assistance System for Any Vehicle

Perrone Robotics unveils TONY ADAS Kit: advanced driver assistance system for any vehicle.

Investors Observer
May 9th, 2024
Perrone Robotics Unveils TONY ADAS Kit: Advanced Driver Assistance System for Any Vehicle

Additionally, Perrone Robotics offers the TONY ADAS Kit Lite, a minimum viable product designed for low-cost, entry-level driver assistance in limited operational scenarios.

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