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News, Analysis & Perspective on Autonomous Vehicles

South Korea to aid self-driving R&D

Posted on Jan 15, 2021 in Finance, News

The South Korean government said it would make available grants worth KRW1.1trn (US$1bn) over the next seven years to companies developing...

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UK gov invests £28 million to trial innovative 5G use cases

Posted on Jan 13, 2021 in Buses, Finance, News

The UK government has announced a £28 million investment in nine nationwide projects that will trial innovative uses of 5G networks. This...

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UK on the cusp of a transport revolution, as self-driving vehicles set to be worth nearly £42 billion by 2035

Posted on Jan 13, 2021 in Finance, Knowledge Center, News, Reports

The full economic value of self-driving vehicles in the UK has been revealed, as Transport Minister Rachel Maclean sets out that the...

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Autonomous vehicle startup WeRide raises $320 million

Posted on Jan 13, 2021 in Finance, News

WeRide, a Guangzhou, China-based startup developing autonomous vehicle systems, this evening announced that it raised a total of $310...

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AI-powered chip developer Horizon Robotics raises $400 million in latest funding round

Posted on Jan 7, 2021 in Finance, News, Technology

The auto industry is truly global. Most vehicles are built with mechanical parts, electronics and other hardware from manufacturers all...

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Oxbotica raises $47M to deploy its autonomous vehicle software in industrial applications

Posted on Jan 5, 2021 in Finance, News, Technology

While the world continues to await the arrival of safe, reliable and cost-effective self-driving cars, one of the pioneers in the world of...

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Teledyne is buying FLIR to create a super-sized sensor shop with thermal and laser vision

Posted on Jan 4, 2021 in Finance, News, Technology

Industrial sensor giant Teledyne will acquire FLIR, an Oregon-based company that makes thermal-imaging and night vision technology, the...

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Lidar startup Aeva raises another $200M ahead of its debut as a public company

Posted on Jan 4, 2021 in Finance, News, Technology

Aeva, the lidar company started by two former Apple engineers, has raised an additional $200 million in private investment from Hong Kong...

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Chinese robocar maker plans hunt for fresh capital in new year

Posted on Dec 23, 2020 in Cars, Finance, News, Trucks

(Bloomberg) — Beijing Idriverplus Technology Co. plans a fresh fundraising round in the new year and may eye an initial public...

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Driverless tech firm extends crowdfunding campaign

Posted on Dec 23, 2020 in Finance, News, Technology

A Birmingham company which is developing driverless vehicle technology has extended its crowdfunding campaign. Conigital has so far raised...

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Chinese autonomous vehicle company WeRide raises $200 mln from bus maker Yutong

Posted on Dec 22, 2020 in Buses, Finance, News

BEIJING: WeRide, a Chinese startup developing autonomous vehicles, said on Wednesday it had raised $200 million from Yutong Group, the...

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Apple inches toward record after report on autonomous car plans

Posted on Dec 22, 2020 in Cars, Finance, News

Apple Inc. rose on Tuesday, with the stock returning to near-record levels after Reuters reported that the company plans to build a...

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Horizon Robotics, a Chinese rival to Nvidia, seeks to raise over $700M

Posted on Dec 22, 2020 in Finance, News, Technology

In their rush to offer alternatives to advanced western chipsets, Chinese semiconductor companies are racking up large fundings from...

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Exclusive: Self-driving startup Ouster nears $1.9 billion deal to go public – sources

Posted on Dec 22, 2020 in Finance, News, Technology

(Reuters) – Ouster Inc, a U.S. startup that makes lidar sensors for self-driving cars and smart cities, is nearing a deal to go...

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Cerence receives funding from Germany’s Federal Ministry for Economic Affairs and Energy to drive innovation in automotive assistants for autonomous cars

Posted on Dec 21, 2020 in Finance, News, Technology

BERLIN and BURLINGTON, Mass., Dec. 21, 2020 (GLOBE NEWSWIRE) — Cerence Inc. (NASDAQ: CRNC), AI for a world in motion, today...

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Austin’s Uhnder raises $45M Series C

Posted on Dec 15, 2020 in Finance, News, Technology

Uhnder, a startup looking to transform radar from analog to digital, raised $45 million in a Series C round of funding, the company...

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Innoviz Technologies to be listed on Nasdaq through merger with Collective Growth Corporation

Posted on Dec 14, 2020 in Finance, News, Technology

Innoviz Technologies, a technology leader of high-performance, solid-state LiDAR sensors and perception software, has announced that it...

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Hyundai has bought robot maker Boston Dynamics from SoftBank in a $1.1 billion deal

Posted on Dec 12, 2020 in Finance, News

Hyundai has agreed to buy an 80% stake in robot maker Boston Dynamics from SoftBank, the South Korean automaker said Friday....

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Uber sells self-driving unit to Aurora, takes startup stake

Posted on Dec 8, 2020 in Cars, Finance, News

Uber Technologies Inc. sold its self-driving car division to Aurora Innovation Inc. and took a stake in the startup, pulling back from its...

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New Eagle sponsors Indy Autonomous Challenge

Posted on Dec 7, 2020 in Cars, Finance, News

ANN ARBOR, Mich., Dec. 7, 2020 /PRNewswire/ — Mechatronic control system engineering company New Eagle announced today that the...

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