11/19/2020

Erlanger, Ky. (November 19, 2020) – As another first for CVG, ThorDrive (headquartered in Cincinnati, Ohio), is bringing autonomous vehicle (AV) technology to the airport’s campus. Through a recently enacted airport ordinance, autonomous vehicles and equipment can now operate on airport property.  

The airport is positioning itself for the future by leaning into AV and other related technologies. This strategy enables trials of the technology in a live operating environment. By advancing AV technology, CVG has the added benefit of modeling for communities given its city-like infrastructure. The long-term benefits of AV include operational efficiencies and safety.

ThorDrive began in Seoul, South Korea and entered the U.S. market in Silicon Valley. In 2019, it established its North American headquarters in Cincinnati, Ohio. ThorDrive is now invested in the region, contributing to workforce talent and advancement in transportation.

“ThorDrive is a great innovation partner,” said Candace McGraw, chief executive officer, CVG. “Like our other startup, university, and corporate partners, ThorDrive injects talent, technology and economic growth into our campus and region to ensure CVG remains agile and well positioned as a leader in the airport industry.”

“We are very pleased to be a partner as another CVG first mover,” said Dr. Seung-Woo Seo, Founder and Chairman of the Board of ThorDrive. Seo further added: “Together, ThorDrive and CVG will continue the airport’s stewardship to foster meaningful innovations. The catalyst of our growth and the development of our technology was a combination of talent available from local universities as well as the unwavering support from CVG.”

FACT SHEET here

Photo cutline: ThorDrive at CVG (Left to right): John Kim, ThorDrive; Andy Aiello, TANK; David Shuey, OKI; Mark Policinski, OKI; Candace McGraw, CVG Airport; Chris Lee, ThorDrive; Eddie Shelton, ThorDrive

About CVG Airport:

The Cincinnati / Northern Kentucky International Airport (CVG) welcomed more than 9.1 million passengers in 2019. Amidst the COVID-19 pandemic, CVG still offers the most nonstop destinations, and the lowest average airfares in the region. As the 7th largest cargo airport in North America and home to the Amazon Air Hub and DHL Express Global Superhub, CVG is diversified in both passenger and cargo operations, with an annual economic impact of $6.8 billion. Learn more about CVG and its response to COVID-19 at CVGairport.com/FlyHealthy.

About ThorDrive:

ThorDrive is an autonomous technology company with a mission to proliferate our technologies to new applications beyond the “traditional” passenger vehicle and commercial truck markets. Our focus is on markets where:

• Our full-stack development process and deep customer partnership not only support operational excellence and enhanced safety but also provide a strategic advantage to all stakeholders.
• A significantly abbreviated path to successful commercialization and much more efficient level of investment that will support the growth of ThorDrive and quickly provide an economic benefit to our customers and investors.

ThorDrive is now headquartered in the Over-the-Rhine area of Cincinnati. Link to YouTube channel. More info at www.thordrive.ai