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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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IPO Is first stop for GM self-driving unit

Posted on Jun 18, 2018 in Cars, Finance

The automaker is contemplating strategic options for its Cruise autonomous vehicle unit including a public stake sale and a tracking...

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Electric vehicle startup Faraday Future secures $2 billion in funding

Posted on Jun 18, 2018 in Cars, Finance

Financially troubled luxury electric vehicle startup Faraday Future (FF) confirmed a major investment this week, which will help keep...

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Driverless cars may cut traffic jams, not insurance premiums

Posted on Jun 14, 2018 in Cars, Finance

Advent of driverless cars will not harm auto insurers but will lead to gradual shift in the type of auto insurance products being sold....

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Up to GBP30 million is available to UK businesses and research organisations to advance facilities for the development of self-driving vehicles

Posted on Jun 6, 2018 in Buses, Cars, Finance, Trucks

The Centre for Connected and Autonomous Vehicles (CCAV) – with Meridian Mobility and Innovate UK – has up to £30 million for...

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Hexagon acquires AutonomouStuff for autonomous vehicle solutions

Posted on Jun 4, 2018 in Cars, Finance

Founded in 2010, U.S.-based AutonomouStuff is developing turnkey platforms for autonomous vehicle development, robotics and data...

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SoftBank joins GM in self-driving car race; GM shares soar

Posted on May 31, 2018 in Cars, Finance

Japan’s SoftBank Group Corp will invest $2.25 billion in General Motors Co’s autonomous vehicle unit Cruise, the companies said on...

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U.S. spending plan include $100 million for autonomous cars research, testing

Posted on May 22, 2018 in Cars, Finance

A spending bill unveiled on Wednesday night includes $100 million for a highly automated “vehicle research and development” program and...

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Start-up Roadstar.ai gets record US$128 million funding as autonomous car race with Baidu heats up

Posted on May 16, 2018 in Cars, Finance

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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