Investors hit the brakes on automotive startups
Last year, Ted Serbinski called his accelerator, TechStars Detroit, the “‘comeback city’s’ startup ecosystem.” Since 2015, the accelerator...
Read MoreGM’s Cruise values autonomous vehicle industry at $8 trillion
The global autonomous vehicle industry is an $8 trillion market opportunity, according to General Motors’ autonomous vehicle unit Cruise....
Read MoreGM commits $3 billion to build electric and autonomous vehicles in Michigan
GM said Monday it will invest $2.2 billion into its Detroit-Hamtramck assembly plant to produce all-electric trucks and SUVs, as well as a...
Read MoreAMS investors approve capital increase to fund Osram takeover
VIENNA (Reuters) – AMS (AMS.S) shareholders approved a 1.7 billion euros ($1.9 billion) capital increase to fund the Osram (OSRn.DE)...
Read MoreProjects funded for autonomous vehicle cyber security
Seven projects whose participants include Honda, Thales and WMG have won funding to develop cyber security solutions for connected and...
Read MoreDOT grants back development of autonomous-vehicle industry
On Dec. 21, 2018, the U.S. Department of Transportation released a Notice of Funding encouraging municipalities, states or other...
Read MoreDataspeed Inc. team awarded $1.77 million grant from Michigan Department of Transportation
DETROIT, Jan. 13, 2020 /PRNewswire/ — Dataspeed Inc., a leading autonomous vehicle engineering provider, in partnership with AM...
Read MoreHyundai Motor Group to invest $87B over next 5 years; 44 electrified vehicles; new EV development system; hydrogen plans
Hyundai Motor Group (HMG) will invest more than KRW100 trillion (US$87 billion) over next 5 years—KRW20 trillion (~US$17.4 billion)...
Read MoreStradVision raises $27 million in Series B funding to support camera technology for autonomous vehicles and ADAS systems
SEOUL, South Korea, Dec. 19, 2019 /PRNewswire/ — StradVision, an innovator in vision processing technology for Autonomous Vehicles,...
Read MoreBluespace.ai, a startup focused on AV technology for mass transit, gets $3.5 million in seed funding
Bluespace.ai, a new autonomous driving startup focused on mass transit, announced today that it has raised $3.5 million in seed funding...
Read MoreGoogle’s self-driving car project buys British AI firm Latent Logic
Waymo, Google’s self-driving car sibling company, has acquired the Oxford artificial intelligence company Latent Logic for an undisclosed...
Read MoreVolkswagen parent acquires stake in self-driving startup
Porsche Automobil Holding SE has acquired a minority stake in Silicon Valley self-driving sensor startup Aeva Inc., the latest in a flurry...
Read MoreHyundai commits $17 billion to add electric, driverless cars
Hyundai Motor Co. will spend 20 trillion won ($17 billion) over the next six years on new technology to help make the switch to electric...
Read MoreToyota leads $50 million investment in autonomous shuttle startup May Mobility
May Mobility, a Michigan-based startup that is operating autonomous shuttle services in three U.S. cities, has raised $50 million in a...
Read MoreWayve raises $20 million to give autonomous cars better AI brains
Wayve, a U.K.-based startup that’s developing artificial intelligence (AI) that teaches cars to drive autonomously using reinforcement...
Read MoreAutonomous flying taxi startup Ehang files $100 million initial public offering
Ehang, a Chinese company that builds drones large enough to carry human passengers, filed paperwork with the US Securities and Exchange...
Read MoreWirecard shapes the future of mobility with renowned partners
ASCHHEIM, Germany, Nov. 1, 2019 /PRNewswire/ — Wirecard, the global innovation leader for digital financial technology, is once...
Read MorePorsche invests in Israeli auto tech firm Tactile Mobility
Israeli automotive technology startup Tactile Mobility said on Tuesday it secured $9 million in funding from Porsche, Union Tech Ventures...
Read MoreRobotaxi startup Zoox raises new millions
Autonomous vehicle startup Zoox has signed a $200 million convertible note— the first new investment since the Silicon Valley company...
Read MoreCybersecurity firm attracts OEM funding
There hasn’t been a high-profile car hack since researchers commandeered a Jeep Cherokee by remote control four years ago. That...
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