Faction raises $4.3M to deploy 3-wheeled EVs for driverless delivery
Faction Technology founder and CEO Ain McKendrick didn’t have the $1 billion or the time that a typical automotive program might need to...
Read MoreScania Growth Capital invests in sensors for autonomous vehicles
Scania’s corporate venture capital-fund announces investment of € 7,5 million in Scantinel to finance further growth in its specialist...
Read MoreSelf-driving cars raise liability questions for insurers
(TNS) — The advent of self-driving cars is raising questions in the insurance sector about who should pay when the vehicles crash and how...
Read MoreBeep secures $20M Series-A investment from Intel Capital and Blue Lagoon Capital
ORLANDO, Fla., May 26, 2021 /PRNewswire/ — Beep, a provider of multi-passenger, electric, autonomous mobility solutions, announced...
Read MoreLidar startup Innovusion closes $64M round led by Temasek
More investors are joining the wave to bet on lidar, the remote sensing method that uses laser light to measure distances and has garnered...
Read MoreWaymo eyes raising up to $4 billion as leaders’ exits sow doubts
Waymo is talking to outside investors about raising as much as $4 billion in additional capital to fuel its self-driving efforts. And the...
Read MoreNissan-backed self-driving startup WeRide raises new funds, puts value at $3.3 billion
BEIJING (Reuters) -WeRide, a China-based autonomous driving startup backed by Nissan, Renault and Mitsubishi Motors, said it raised...
Read MoreDriverless truck startup Plus to list in $3.3 billion deal
Self-driving truck startup Plus agreed to merge with special purpose acquisition company Hennessy Capital Investment Corp. V, becoming the...
Read MoreLocal Motors receives investment from GameAbove Mobility to scale American-made autonomous vehicle, Olli
CHANDLER, Ariz., May 6, 2021 /PRNewswire/ — Local Motors, a leader in the design, manufacturing, and deployment of autonomous...
Read MoreOculii looks to supercharge radar for autonomy with $55M round B
Autonomous vehicles rely on many sensors to perceive the world around them, and while cameras and lidar get a lot of the attention, good...
Read MoreAutonomous trucking startup Einride raises $110M ahead of expansion into US
Einride, the Swedish startup known for its unusual-looking electric and autonomous pods that are designed to carry freight, has raised...
Read MoreDriverless truck startup Plus plans Hennessy SPAC deal
(Bloomberg) — Self-driving truck startup Plus is in talks to merge with special purpose acquisition company Hennessy Capital...
Read MoreWaymo’s new CEOs say self-driving unit eyes outside funding
Waymo, the prized self-driving arm of Alphabet Inc., is looking to nab further outside investment and make acquisitions of its own, the...
Read MoreEasyMile raises $66M for its autonomous people-and-goods shuttles
We may still be a long way off from Level 5, fully self-driving cars on the open road, but companies building autonomous vehicles and...
Read MoreToyota is buying Lyft’s autonomous car division for $550 million
Lyft is selling its autonomous vehicle division to a subsidiary of Toyota — the latest in a series of acquisitions that is seeing the...
Read MoreHyundai invests in teleoperations startup Ottopia as part of $9M round
After spending much of his career in mission-critical environments, including the Israeli Air Force, Israeli Intelligence and leading...
Read MoreChina’s Meituan amasses $10 billion war chest for drones and driverless cars
China’s Meituan is raising nearly $10 billion from investors, hoping it will be able to gain an edge on its e-commerce rivals by spending...
Read MoreOxbotica raises $13.8M from Ocado to build autonomous vehicle tech for the online grocer’s logistics network
Ocado, the U.K. online grocer that has been making strides reselling its technology to other grocery companies to help them build and run...
Read MoreAutonomous-truck developer TuSimple plans driverless road test this year
Self-driving company TuSimple Holdings Inc. plans to test its autonomous trucks without backup drivers on public roads in Arizona later...
Read MoreWalmart investing in GM’s Cruise self-driving car company
Walmart is investing in Cruise, General Motors’ majority-owned self-driving vehicle subsidiary, as part of a new $2.75 billion funding...
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