Temasek-backed tech startup Innovusion raises $66 million
Innovusion Holdings Ltd – a startup that develops laser-based detection systems used in self-driving vehicles known as LiDAR –...
Read MoreCanadian Government invests $3.9M in an autonomous concept EV called Project Arrow
Canada’s Federal Economic Development Agency for Southern Ontario (FedDev Ontario) is investing $5 million CAD ($3.9 million USD) in...
Read MoreChina’s Tesla rival Li Auto makes Hong Kong debut after $1.5 billion IPO
Shares in Chinese electric carmaker Li Auto fell on its Hong Kong debut Thursday, with investors increasingly jittery over Beijing’s...
Read MorePony.ai said to seek funds at $8 billion value amid listing halt
Pony.ai is considering a new funding round that could give the self-driving startup a valuation of at least $8 billion after the company...
Read MoreQualcomm bids $4.6 billion for Veoneerin battle with Magna
Qualcomm Inc. offered to buy automotive technology company Veoneer Inc. for $4.6 billion, muscling in on Magna International Inc. after...
Read MoreXiaomi invests in a second self-driving company within three months
After establishing its might in the smartphone business, Xiaomi wants to make a dent in the mobility industry through various investments....
Read MoreContinental acquires stake in Kopernikus Automotive, artificial intelligence specialist for automated parking
Technology company Continental is investing in Leipzig-based startup Kopernikus Automotive with a minority stake. The two companies have...
Read MoreInceptio Technology completes US$270 million in financing, led by JD, Meituan, and PAG
SHANGHAI, Aug. 3, 2021 /PRNewswire/ — Inceptio Technology, an autonomous driving truck technology and operating company, announced...
Read MoreLi Auto seeks to raise around US$1.9B in Hong Kong offering
Chinese electric vehicle maker Li Auto Inc. plans to raise as much as 15 billion Hong Kong dollars (US$1.93 billion) through a share...
Read MoreChinese chip startup SemiDrive closes 1 billion yuan Series B round
Shanghai (Gasgoo)- Chinese automotive SoC (system-on-chip) developer SemiDrive raised nearly 1 billion yuan ($154.238 million) in a Series...
Read MoreVenti Technologies secures $8M in seed round for autonomous mobility for logistics, supply chain and transportation markets
Venti Technologies, a developer of safe-speed autonomous logistics systems, secured approximately $8 million in a seed round funding. The...
Read MoreAurora’s SPAC merger comes amid self-driving car delays
Self-driving car startup Aurora is ready to go public in a reverse merger with Reinvent Technology Partners Y, a special acquisition...
Read MoreMagna International to buy Veoneer for $3.8 billion
Canadian auto supplier Magna International Inc. said on Thursday it will buy Swedish rival Veoneer Inc. for about $3.8 billion in cash, in...
Read MoreNavya will receive 7.5 million euros of subsidies, especially within the framework of the France Relance program, for four of its technological projects
Navya (Paris:NAVYA) (FR0013018041- Navya), a leading company in autonomous driving systems, announces that it has been awarded four major...
Read MoreSelf-driving startup Aurora in agreement with Reinvent SPAC
(Bloomberg) — Driverless technology startup Aurora Innovation Inc. has agreed to go public via a merger with Reinvent Technology...
Read MoreUnmanned delivery firm White Rhino Auto receives nearly $10 million in Pre-A funding
On Thursday, Chinese autonomous driving company White Rhino, announced that it had secured nearly $10 million in Pre-A financing led by...
Read MoreChina’s ECARX to acquire stake in Volvo’s Zenseact
Geely’s Volvo Cars confirmed Chinese connected car technology company ECARX plans to acquire a stake in its autonomous driving software...
Read MoreExisting auto insurance system well-positioned to handle autonomous vehicle claims: Travelers Canada exec
Canada’s existing auto insurance structure is well-positioned to resolve claims and provide fair and timely compensation to accident...
Read MoreAlgolux closes $18.4 million Series B round for robust computer vision
New investment will serve to accelerate market adoption of Algolux’s robust and scalable computer vision and image optimization...
Read MoreFord-backed Argo chooses Citigroup, JPMorgan to go public
Argo AI, the self-driving startup backed by Ford Motor Co. and Volkswagen AG, is working with investment bankers as it prepares to go...
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