"We can do another one or two to mitigate risk," he said, referring to the company's marquee partnerships to build autonomous driving systems.
Mobileye has leaped into the ranks of highly valued tech companies with a price-to-earnings ratio of 131. While comparable with other high-flying tech stocks, the p/e ratio is 10 times those of auto suppliers such as Delphi Automotive.
The company commands high net profit margins of around 50 percent and predictable revenue that it says should more than triple to $1.1 billion in 2019.
"This will be a defining moment, you will have here a significant partner in terms of size, buying into this process of crowd-sourced generation of maps," Shashua said of its deal with VW.
Mobileye is also in talks with about 10 other carmakers over joining its Road Experience Management (REM) mapping product, Shashua said, seeking to turn REM into an industry standard in which data from millions of cars can be used to update road maps.
It is already working with General Motors on technical aspects of using REM but will only begin to negotiate business terms of the relationship once it has nailed down the VW contract, which Shashua said would serve as a "boilerplate" for further deals.
"A lot is happening. The first strike is going to be announced with Volkswagen and from then, things will progress very, very quickly," he said.
"Once that is signed, it won't take long until we have many car manufacturers."