Volvo Cars IPO draws lower valuations in initial feedback
Initial investor feedback has valued Volvo Cars far below owner Zhejiang Geely Holding Group Co.’s top-end estimates for a potential...
Read MoreCisco and UCL plan to build a £77m AI research centre
Cisco is set to pump $100 million (£76.8 million) into building one of the world’s largest AI research centres with University...
Read MoreMichigan makes a new bid to dominate the autonomous age
The State of Michigan is beefing up its investment in autonomous vehicle technology in a bid to remain a leader in transportation and...
Read MoreNavya extends offering period of its IPO
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....
Read MoreRobot truck upstart embark hauls in $30 million to take on Waymo and Uber
Silicon Valley VC firm Sequoia Capital leads a $30 million Series B round for the San Francisco-based company, boosting total funding to...
Read MoreSelf-driving car startup Zoox is raising $500 million at a $3.2 billion valuation
Zoox, a once-secretive self-driving car startup, is closing a $500 million raise at a $3.2 billion post-money valuation, Bloomberg...
Read MoreContinental AG restructures, prepares Powertrain for 2019 IPO
German auto supplier Continental on Wednesday said it will list its Powertrain unit as early as mid-2019 as part of a broader...
Read MoreAlternative to Lidar? Startup Light raises $121M from SoftBank, Leica to expand to self-driving cars
In February, Dave Grannan, cofounder and CEO of imaging startup Light, flew to Tokyo to meet SoftBank’s Masayoshi Son for the first...
Read MorePeskin expands SF rideshare tax to include self-driving vehicle companies
A gross receipts tax on so-called “rideshares” in San Francisco for this November’s ballot — including Uber and Lyft — has been expanded...
Read MoreGM’s self-driving car unit could be worth $43 billion — nearly 4 times the valuation it received 6 weeks ago, RBC says
Cruise, the self-driving car company bought by General Motors in 2016, could be worth a whopping $43 billion, RBC Capital Markets...
Read MorePony.ai raises $102 million to deploy self-driving cars in Beijing
Pony.ai is riding the gravy train. Just months after it closed a $112 million funding round with Morningside Venture Capital, Legend...
Read MoreFormula One supplier sees IPO down the road with autonomous tech
Cosworth, the U.K. engineering company with roots making engines for Formula One racing teams, is speeding closer to an initial public...
Read MoreIPO Is first stop for GM self-driving unit
The automaker is contemplating strategic options for its Cruise autonomous vehicle unit including a public stake sale and a tracking...
Read MoreElectric vehicle startup Faraday Future secures $2 billion in funding
Financially troubled luxury electric vehicle startup Faraday Future (FF) confirmed a major investment this week, which will help keep...
Read MoreDriverless cars may cut traffic jams, not insurance premiums
Advent of driverless cars will not harm auto insurers but will lead to gradual shift in the type of auto insurance products being sold....
Read MoreUp to GBP30 million is available to UK businesses and research organisations to advance facilities for the development of self-driving vehicles
The Centre for Connected and Autonomous Vehicles (CCAV) – with Meridian Mobility and Innovate UK – has up to £30 million for...
Read MoreHexagon acquires AutonomouStuff for autonomous vehicle solutions
Founded in 2010, U.S.-based AutonomouStuff is developing turnkey platforms for autonomous vehicle development, robotics and data...
Read MoreSoftBank joins GM in self-driving car race; GM shares soar
Japan’s SoftBank Group Corp will invest $2.25 billion in General Motors Co’s autonomous vehicle unit Cruise, the companies said on...
Read MoreU.S. spending plan include $100 million for autonomous cars research, testing
A spending bill unveiled on Wednesday night includes $100 million for a highly automated “vehicle research and development” program and...
Read MoreStart-up Roadstar.ai gets record US$128 million funding as autonomous car race with Baidu heats up
Self-driving technology start-up Roadstar.ai has raised US$128 million in its Series A funding round, marking the single biggest...
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