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News, Analysis & Perspective on Autonomous Vehicles

KPIT Technologies to acquire Future Mobility Solutions for ₹135 crore

Posted on Sep 23, 2021 in Finance, News, Technology

KPIT Technologies Ltd on Wednesday said it will acquire Future Mobility Solutions GmbH (FMS) for up to 15.6 million euros (about ₹135...

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GM invests in Chinese autonomous driving startup Momenta

Posted on Sep 23, 2021 in Finance, News, Technology

BEIJING, Sept 23 (Reuters) – General Motors Co (GM.N) said on Thursday it will invest $300 million in Chinese autonomous driving...

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Vaccine-carrying drones and self-driving cars: government fund backs cutting-edge innovation

Posted on Sep 16, 2021 in Finance, News

Regulators are clearing the runway for drones to transport vaccines and other live-saving drugs, in a ground-breaking venture funded by...

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Alibaba leads $300 million investment into Chinese autonomous driving start-up DeepRoute.ai

Posted on Sep 14, 2021 in Finance, News, Technology

GUANGZHOU, China — Alibaba has led investments worth more than $300 million into Chinese autonomous driving start-up DeepRoute.ai. The...

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Driverless delivery vans on the road in two years, says UK tech company StreetDrone

Posted on Sep 14, 2021 in Cars, Finance, News

Driverless delivery vans could be operating on UK streets by 2023, if Oxford-based tech company StreetDrone gets its way. High Street...

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GM invests in Oculii, radar software maker for self-driving cars

Posted on Sep 13, 2021 in Finance, News, Technology

SAN FRANCISCO, Sept 13 (Reuters) – General Motors Co’s (GM.N) venture capital arm has invested millions of dollars in Oculii,...

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Trucking insurance in the age of automation: Startup Koop Technologies raises $2.5 million seed round

Posted on Sep 1, 2021 in Finance, News, Trucks

There’s a new player entering the automated trucking scene, addressing a gap in the complex world of vehicle insurance. Koop Technologies,...

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Foretellix closes $32m Series B funding round for ensuring the safe and efficient deployment of automated driving systems

Posted on Sep 1, 2021 in Finance, News, Technology

TEL AVIV, Israel, Sept. 1, 2021 /PRNewswire/ — Foretellix, the leading platform provider automating the testing, verification and...

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Gatik expands autonomous box truck operations to Texas with $85 million in new funds

Posted on Aug 31, 2021 in Finance, News, Trucks

In the two years since Gatik AI came out of stealth, the autonomous vehicle startup has launched pilots with Walmart and Canadian retail...

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Yandex buys Uber out of food-delivery, self-driving venture

Posted on Aug 31, 2021 in Finance, News

Yandex NV is buying out Uber Technologies Inc.’s shares in its food tech, delivery and self-driving businesses and has an option to...

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Chinese self-driving startup FABU.AI secures 100 million yuan in Series B+ funding

Posted on Aug 19, 2021 in Finance, News, Technology

Shanghai (Gasgoo)- FABU.AI, a Chinese autonomous driving startup, announced on August 19 it has banked 100 million yuan ($15.438 million)...

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Masayoshi Son’s SoftBank invests in Chinese driverless delivery van start-up Neolix

Posted on Aug 18, 2021 in Finance, News

SoftBank Group has become the latest investor in Chinese robo-van maker Neolix Technologies, as the Japanese venture capital firm looks...

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Meituan’s venture capital wing Long-Z invests in Chinese self-driving startup QCraft

Posted on Aug 16, 2021 in Buses, Finance, News

Chinese food delivery giant Meituan has invested in autonomous driving startup QCraft’s latest fundraising round of $100 million,...

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Temasek-backed tech startup Innovusion raises $66 million

Posted on Aug 15, 2021 in Finance, News, Technology

Innovusion Holdings Ltd – a startup that develops laser-based detection systems used in self-driving vehicles known as LiDAR –...

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Canadian Government invests $3.9M in an autonomous concept EV called Project Arrow

Posted on Aug 13, 2021 in Cars, Finance, News

Canada’s Federal Economic Development Agency for Southern Ontario (FedDev Ontario) is investing $5 million CAD ($3.9 million USD) in...

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China’s Tesla rival Li Auto makes Hong Kong debut after $1.5 billion IPO

Posted on Aug 12, 2021 in Finance, News

Shares in Chinese electric carmaker Li Auto fell on its Hong Kong debut Thursday, with investors increasingly jittery over Beijing’s...

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Pony.ai said to seek funds at $8 billion value amid listing halt

Posted on Aug 12, 2021 in Finance, News

Pony.ai is considering a new funding round that could give the self-driving startup a valuation of at least $8 billion after the company...

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Qualcomm bids $4.6 billion for Veoneerin battle with Magna

Posted on Aug 9, 2021 in Finance, News, Technology

Qualcomm Inc. offered to buy automotive technology company Veoneer Inc. for $4.6 billion, muscling in on Magna International Inc. after...

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Xiaomi invests in a second self-driving company within three months

Posted on Aug 4, 2021 in Finance, News, Technology

After establishing its might in the smartphone business, Xiaomi wants to make a dent in the mobility industry through various investments....

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Continental acquires stake in Kopernikus Automotive, artificial intelligence specialist for automated parking

Posted on Aug 3, 2021 in Finance, News, Technology

Technology company Continental is investing in Leipzig-based startup Kopernikus Automotive with a minority stake. The two companies have...

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