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init Acquires Majority Stake in Applied Autonomy for Autonomous Buses

German public transport specialist init has acquired a 67.74% majority stake in Norwegian startup Applied Autonomy, which develops software for autonomous buses. The acquisition, announced in a corporate release, aims to integrate Applied Autonomy's xFlow platform with init's MOBILE-ITCS system to manage both autonomous and conventional bus fleets, targeting the German market. Applied Autonomy's technology operates Europe's first driverless regular bus service in Stavanger, Norway, and has deployments in Rotterdam, Eindhoven, Arbon, and Sälen. The deal price was not disclosed, but Applied Autonomy reported 2025 revenue of around €530,000 and a small loss. The company had faced financial uncertainties, with its auditor flagging concerns about its viability. init sees the acquisition as addressing Germany's shortage of over 20,000 bus drivers.