AI startup SiMa.ai raises $70m to develop autonomous vehicle chip technology
SiMa.ai’s chips will be used to detect an autonomous vehicle’s surroundings, promising greater road safety....
Read MoreSelf-driving bus developer Auve Tech plans to keep going despite loss
Autonomous buses developer Auve Tech clocked a loss before depreciation and amortization of around two million euros last year, Taavi...
Read MoreAutonomous Vehicle Startup Applied Intuition Hits $6B Valuation After $250M Series E
Autonomous vehicle software developer Applied Intuition locked up a $250 million Series E valuing the company at a $6 billion — a 67%...
Read MoreGAC Group Unveils Aion Hyper GT with Level 3 Autonomous Driving for $36,900
Explore the cutting-edge technology and safety features of the Aion Hyper GT 3L version from GAC Group, redefining urban mobility and...
Read MoreHaomo raises 100 million yuan in Series B1 round
Chinese autonomous driving company Haomo.AI said on Thursday that it has raised over 100 million yuan ($13.91 million) in Series B1 round...
Read MoreAI hardware startup Recogni raises $102M for self-driving solutions
Recogni Inc., a startup developing artificial intelligence hardware for autonomous vehicles, today announced that it has raised $102...
Read MoreUK government adds to autonomous vehicle funding
Members of the fifth connected vehicle technology development cohort given potential to receive funding from UK government to aid creation...
Read MoreProject 3 Mobility secures EUR 100 million for autonomous electric robotaxi
Croatian start-up Project 3 Mobility, set up by Mate Rimac, the founder and CEO of Rimac Automobili, and Rimac Group, has raised EUR 100...
Read MoreGM’s self-driving car company Cruise lost $3.48 billion in 2023
General Motors-owned self-driving car company Cruise’s operating loss totaled $3.48 billion in 2023, a staggering deficit that comes as...
Read MoreGM to Cut Cruise Self-Driving Car Spending by $1 Billion
Cruise recorded a $2.7 billion pre-tax loss in 2023, not including approximately $500 million in restructuring costs....
Read MoreBYD announces $14B investment in smart car technology, including ADAS
BYD announced plans to invest $14 billion in smart car technology, including autonomous driving software and driver-assistance systems....
Read MoreTuam firm developing driverless car tech sees profits accelerate to €46.2m
Pre-tax profits at the Tuam firm at the cutting edge of driverless car technology almost doubled to €46.25m in 2022....
Read MoreDOT announces $25 Million for Rural Autonomous Vehicle Research Program
(Washington, D.C.) – The U.S. Department of Transportation (DOT) announced a $25 million funding opportunity for its Rural Autonomous...
Read MoreInverted AI secures $4M to simulate human drivers with generative AI to help develop autonomous vehicles
Inverted AI, a Vancouver-based company that uses generative artificial intelligence for autonomous vehicle development, announced Thursday...
Read MoreSelf-Driving Car Startup Raises $85M to Produce Automaker Tech
An Israeli start-up producing tech that assists automakers in improving their self-driving cars has announced significant new funding. Tel...
Read MoreGovernment backs self-driving cars with £150m funding
Cash will support work Centre for Connected and Autonomous Vehicles, which aims to support development of commercial market for...
Read MoreDiDi Autonomous Driving invests in LiDAR maker Benewake
On November 17, DiDi Autonomous Driving announced an investment exceeding a hundred million yuan in Benewake (Beijing) Co., Ltd....
Read MoreSelf-Driving Vehicle Company Gets $105M Funding Boost
Michigan-based autonomous vehicle (AV) start-up May Mobility has confirmed it has raised another $105 million after it closed a series D...
Read MoreAutonomous Driving Could Get ¥2.7 Billion Boost from Japanese Govt
The government is considering earmarking ¥2.7 billion in its fiscal 2023 supplementary budget to support tech development for so-called...
Read MoreKing Long secures $1mln at Dubai World Challenge for Self-Driving Bus
Cinching first place for its self-driving bus equipped with advanced technologies, the win will see distributor AG Auto potentially deploy...
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