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News, Analysis & Perspective on Autonomous Vehicles

Faction raises $4.3M to deploy 3-wheeled EVs for driverless delivery

Posted on Jun 2, 2021 in Finance, News

Faction Technology founder and CEO Ain McKendrick didn’t have the $1 billion or the time that a typical automotive program might need to...

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Scania Growth Capital invests in sensors for autonomous vehicles

Posted on May 27, 2021 in Finance, News, Technology

Scania’s corporate venture capital-fund announces investment of € 7,5 million in Scantinel to finance further growth in its specialist...

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Self-driving cars raise liability questions for insurers

Posted on May 26, 2021 in Cars, Finance

(TNS) — The advent of self-driving cars is raising questions in the insurance sector about who should pay when the vehicles crash and how...

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Beep secures $20M Series-A investment from Intel Capital and Blue Lagoon Capital

Posted on May 26, 2021 in Finance, News

ORLANDO, Fla., May 26, 2021 /PRNewswire/ — Beep, a provider of multi-passenger, electric, autonomous mobility solutions, announced...

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Lidar startup Innovusion closes $64M round led by Temasek

Posted on May 20, 2021 in Finance, News, Technology

More investors are joining the wave to bet on lidar, the remote sensing method that uses laser light to measure distances and has garnered...

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Waymo eyes raising up to $4 billion as leaders’ exits sow doubts

Posted on May 19, 2021 in Cars, Finance, News

Waymo is talking to outside investors about raising as much as $4 billion in additional capital to fuel its self-driving efforts. And the...

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Nissan-backed self-driving startup WeRide raises new funds, puts value at $3.3 billion

Posted on May 12, 2021 in Cars, Finance, News

BEIJING (Reuters) -WeRide, a China-based autonomous driving startup backed by Nissan, Renault and Mitsubishi Motors, said it raised...

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Driverless truck startup Plus to list in $3.3 billion deal

Posted on May 10, 2021 in Finance, News, Trucks

Self-driving truck startup Plus agreed to merge with special purpose acquisition company Hennessy Capital Investment Corp. V, becoming the...

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Local Motors receives investment from GameAbove Mobility to scale American-made autonomous vehicle, Olli

Posted on May 6, 2021 in Buses, Finance, News

CHANDLER, Ariz., May 6, 2021 /PRNewswire/ — Local Motors, a leader in the design, manufacturing, and deployment of autonomous...

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Oculii looks to supercharge radar for autonomy with $55M round B

Posted on May 6, 2021 in Finance, News, Technology

Autonomous vehicles rely on many sensors to perceive the world around them, and while cameras and lidar get a lot of the attention, good...

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Autonomous trucking startup Einride raises $110M ahead of expansion into US

Posted on May 5, 2021 in Finance, News, Trucks

Einride, the Swedish startup known for its unusual-looking electric and autonomous pods that are designed to carry freight, has raised...

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Driverless truck startup Plus plans Hennessy SPAC deal

Posted on Apr 30, 2021 in Finance, News, Trucks

(Bloomberg) — Self-driving truck startup Plus is in talks to merge with special purpose acquisition company Hennessy Capital...

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Waymo’s new CEOs say self-driving unit eyes outside funding

Posted on Apr 29, 2021 in Finance, News, Perspective

Waymo, the prized self-driving arm of Alphabet Inc., is looking to nab further outside investment and make acquisitions of its own, the...

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EasyMile raises $66M for its autonomous people-and-goods shuttles

Posted on Apr 28, 2021 in Buses, Finance, News

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...

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Toyota is buying Lyft’s autonomous car division for $550 million

Posted on Apr 27, 2021 in Finance, News

Lyft is selling its autonomous vehicle division to a subsidiary of Toyota — the latest in a series of acquisitions that is seeing the...

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Hyundai invests in teleoperations startup Ottopia as part of $9M round

Posted on Apr 23, 2021 in Finance, News, Technology

After spending much of his career in mission-critical environments, including the Israeli Air Force, Israeli Intelligence and leading...

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China’s Meituan amasses $10 billion war chest for drones and driverless cars

Posted on Apr 19, 2021 in Finance, News

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...

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Oxbotica raises $13.8M from Ocado to build autonomous vehicle tech for the online grocer’s logistics network

Posted on Apr 16, 2021 in Finance, News

Ocado, the U.K. online grocer that has been making strides reselling its technology to other grocery companies to help them build and run...

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Autonomous-truck developer TuSimple plans driverless road test this year

Posted on Apr 15, 2021 in Finance, News, Trucks

Self-driving company TuSimple Holdings Inc. plans to test its autonomous trucks without backup drivers on public roads in Arizona later...

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Walmart investing in GM’s Cruise self-driving car company

Posted on Apr 15, 2021 in Finance, News

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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