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FORT MILL, S.C., Jan. 7, 2021 /PRNewswire/ -- Global automotive and industrial supplier Schaeffler is an official sponsor of the Indy Autonomous Challenge (IAC), a $1.5 million prize competition for universities to compete in the world's first autonomous head-to head, high-speed race at the famed Indianapolis Motor Speedway. The company will supply its patented "Space Drive" drive-by-wire technology developed by Schaeffler Paravan Technologie GmbH & Co.KG.
Led by Indianapolis-based Energy Systems Network and the Indianapolis Motor Speedway, the IAC is a broad collaborative effort between public, private and academic institutions that challenges university students around the world to imagine, invent, and improve a new generation of automated vehicle software. The IAC offers a $1 million first prize to the winning collegiate team that is able to program an automated race car to outrace and outmaneuver the competition in a wheel-to-wheel, high-speed race scheduled for Oct. 23, 2021, at the Indianapolis Motor Speedway.