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News, Analysis & Perspective on Autonomous Vehicles

Baidu Q2 revenues surge with Apollo blooming development

Posted on Aug 1, 2018 in Cars, Finance, News

Chinese Internet giant Baidu achieved a blooming second quarter with revenues surging 32% year on year to RMB 26 billion and net profits...

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Winners revealed in Govt £12.1m autonomous vehicle giveaway

Posted on Aug 1, 2018 in Buses, Cars, Finance, News, Trucks

The Government has announced the winners of a collaborative R&D competition for connected and autonomous vehicles (CAVs), with £12.1m...

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Autonomous-car tech investment skyrockets on SoftBank deals

Posted on Aug 1, 2018 in Cars, Finance, News

Private investment in autonomous-vehicle companies soared in the second quarter to more than in the last four years combined, according to...

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Foresight Autonomous Holdings Ltd. FRSX (tase:FRSX) looks to lead autonomous vehicle race with merger and series of private placements

Posted on Jul 26, 2018 in Cars, Finance, News

Well positioned to take advantage of the upcoming autonomous vehicle boom is Foresight Autonomous Holdings Ltd. (NASDAQ: FRSX) (TASE:...

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Daimler obtains 11-billion-euro loan to boost electric- and autonomous vehicle development

Posted on Jul 25, 2018 in Cars, Finance, News

Daimler AG has secured a new credit line of over 11-billion euros (12.9 billion US dollars) to boost its electric- and autonomous vehicle...

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Canadian insurer backs autonomous car startup in Florida retirement community

Posted on Jul 25, 2018 in Cars, Finance, News

There’s a village in Florida where self-driving cars rule the road, and a Canadian insurance firm wants to come along for the ride....

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Navigation startup for self-driving cars nabs $80 million

Posted on Jul 24, 2018 in Cars, Finance, News

Chinese smart location and mapping service startup Wayz.ai, that builds high-definition real-time maps for self-driving cars, has raised...

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Autonomous firm Embark raises $30 million

Posted on Jul 24, 2018 in Finance, News, Trucks

Autonomous truck developer Embark Trucks raised $30 million in a funding round led by Sequoia Capital, a Silicon Valley-based venture...

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Volvo Cars IPO draws lower valuations in initial feedback

Posted on Jul 24, 2018 in Cars, Finance, News

Initial investor feedback has valued Volvo Cars far below owner Zhejiang Geely Holding Group Co.’s top-end estimates for a potential...

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Cisco and UCL plan to build a £77m AI research centre

Posted on Jul 23, 2018 in Buses, Cars, Finance, News, Trucks

Cisco is set to pump $100 million (£76.8 million) into building one of the world’s largest AI research centres with University...

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Michigan makes a new bid to dominate the autonomous age

Posted on Jul 23, 2018 in Buses, Cars, Finance, News, Technology, Trucks

The State of Michigan is beefing up its investment in autonomous vehicle technology in a bid to remain a leader in transportation and...

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Navya extends offering period of its IPO

Posted on Jul 20, 2018 in Buses, Cars, Finance, News

Announced on Friday offering period of international offering will be extended by two trading days, being until July 23, 2018 at 1.00 p.m....

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Robot truck upstart embark hauls in $30 million to take on Waymo and Uber

Posted on Jul 19, 2018 in Finance, News, Trucks

Silicon Valley VC firm Sequoia Capital leads a $30 million Series B round for the San Francisco-based company, boosting total funding to...

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Self-driving car startup Zoox is raising $500 million at a $3.2 billion valuation

Posted on Jul 18, 2018 in Cars, Finance, News

Zoox, a once-secretive self-driving car startup, is closing a $500 million raise at a $3.2 billion post-money valuation, Bloomberg...

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Continental AG restructures, prepares Powertrain for 2019 IPO

Posted on Jul 18, 2018 in Cars, Finance, News

German auto supplier Continental on Wednesday said it will list its Powertrain unit as early as mid-2019 as part of a broader...

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Alternative to Lidar? Startup Light raises $121M from SoftBank, Leica to expand to self-driving cars

Posted on Jul 18, 2018 in Cars, Finance, News, Technology

In February, Dave Grannan, cofounder and CEO of imaging startup Light, flew to Tokyo to meet SoftBank’s Masayoshi Son for the first...

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Peskin expands SF rideshare tax to include self-driving vehicle companies

Posted on Jul 17, 2018 in Cars, Finance, News

A gross receipts tax on so-called “rideshares” in San Francisco for this November’s ballot — including Uber and Lyft — has been expanded...

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GM’s self-driving car unit could be worth $43 billion — nearly 4 times the valuation it received 6 weeks ago, RBC says

Posted on Jul 15, 2018 in Cars, Finance, News

Cruise, the self-driving car company bought by General Motors in 2016, could be worth a whopping $43 billion, RBC Capital Markets...

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Pony.ai raises $102 million to deploy self-driving cars in Beijing

Posted on Jul 11, 2018 in Cars, Finance

Pony.ai is riding the gravy train. Just months after it closed a $112 million funding round with Morningside Venture Capital, Legend...

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Formula One supplier sees IPO down the road with autonomous tech

Posted on Jun 25, 2018 in Cars, Finance

Cosworth, the U.K. engineering company with roots making engines for Formula One racing teams, is speeding closer to an initial public...

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