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News, Analysis & Perspective on Autonomous Vehicles

Self-driving startup Pony.ai secures $100m from Saudi’s Neom

Posted on Oct 26, 2023 in Finance, News

NEOM, the smart and sustainable regional development in northwest Saudi Arabia, has injected $100 million into autonomous driving firm...

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China Self-Driving Vehicle Company Receives $149M in Funding

Posted on Oct 17, 2023 in Finance, News

DiDi, once considered the Uber of China, has announced major new funding for its Autonomous Driving arm. The investment, worth up to $149...

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Watford to St Albans self-driving buses study gets funding

Posted on Oct 16, 2023 in Finance

Last week, the Government announced £1.3 million in funding for six projects to explore how self-driving vehicles could improve local...

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Google Deepens Investment in UK Driverless Car Technology

Posted on Oct 12, 2023 in Finance, News

In a move indicative of Google’s commitment to autonomous vehicle technology, the tech giant has announced a 3.5% stake in Oxa, a...

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Funding to examine how self-driving vehicle technology can improve local transport

Posted on Oct 10, 2023 in Finance, Technology

Six projects have received Government and industry funding to conduct feasibility studies on how self-driving vehicle technology can...

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Uber Hits Financial Milestone Despite Looming Autonomous Vehicle Threat

Posted on Oct 2, 2023 in Finance, News

On Monday, Uber announced a significant financial milestone, generating an operating income of $326 million and a free cash flow of $1.1...

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AI chip company Kneron raises $49M to scale up its commercial efforts

Posted on Sep 26, 2023 in Finance, News

Kneron, which is developing AI chips to power self-driving cars, among other autonomous machines, today announced that it raised $49...

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Fernride CEO Hendrik Kramer shares the significance of the autonomous electric trucking company’s $50M raise

Posted on Sep 20, 2023 in Finance, Perspective

Today German autonomous electric trucking innovator Fernride announced a $19 million increase to its Series A funding, bringing the total...

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Cost rises to $65 million for kick-off phase of “driverless” shuttles in Jacksonville

Posted on Sep 14, 2023 in Finance, News

The cost of building a high-tech corridor for “driverless” shuttles on part of downtown Jacksonville’s Bay Street went...

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Conigital accelerates self-driving vehicle plans after £500m fundraise

Posted on Sep 12, 2023 in Finance, News

British driverless vehicle company Conigital has secured £500m backing from investors in its Series A+ funding round, with proceeds from...

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AI supercomputer could boost Tesla’s valuation by $480bn, City predicts

Posted on Sep 11, 2023 in Finance, Technology

Tesla shares have surged after a Wall Street bank predicted that the electric car company’s value would rise above $1.2 trillion (£958bn)...

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WeRide: Autonomous Driving Super Unicorn Approved for U.S. IPO, Valued at USD 5.1 Billion

Posted on Sep 1, 2023 in Finance

Guangzhou-based WeRide Inc., a self-driving super unicorn company valued at USD 5.1 billion (about RMB 37.2 billion), has been granted an...

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Elon Musk’s $300 Million AI Computing Cluster for Autonomous Vehicles

Posted on Aug 30, 2023 in Finance, Technology

Tesla is set to launch a massive $300 million AI computing cluster equipped with 10,000 Nvidia H100 GPUs, surpassing the capabilities of...

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Tesla’s China rival XPeng buys ride-hailing giant Didi’s smart EV assets for $744M

Posted on Aug 28, 2023 in Finance, News

Chinese electric vehicle upstart XPeng is acquiring the smart EV assets of ride-hailing giant Didi for $744 million, marking another...

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GM Stock Value Plunges 7 Percent During Week Of August 7 – August 11, 2023

Posted on Aug 12, 2023 in Finance, News

The value of GM stock decreased during the week of August 7th to August 11th, 2023. Shares closed the week at $33.89 per share,...

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Autonomous electric truck startup Fernride raises $31 million in Series A funding

Posted on Aug 6, 2023 in Finance, News

Fernride, a German autonomous, electric trucking company, has secured $31 million in Series A funding to accelerate the transition towards...

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LAZR Stock Alert: Luminar’s AI Push Will Revolutionise Self-Driving Cars

Posted on Aug 4, 2023 in Finance, Markets, Technology

As the artificial intelligence boom has progressed, companies have shifted focus and resources to the technology that can make autonomous...

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Road safety revolution: €5 million for Easyrain fuels wet road solutions

Posted on Aug 3, 2023 in Finance, News, Technology

Italian start-up, Easyrain, has secured a €5.8 million capital increase to launch the Digital Aquaplaning Information (DAI) software,...

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Buying and selling in autonomous trucking developer Aurora Innovation

Posted on Jul 28, 2023 in Finance, News

In a week that saw the field of viable autonomous trucking developers shrink again — more on Waymo Via waving buh-bye for now below —...

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Tesla investors baulk at margin loss as Musk touts self-driving future

Posted on Jul 21, 2023 in Finance

Elon Musk’s bet to sacrifice margins now for improved margins later when full self-driving software is completely integrated into...

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