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News, Analysis & Perspective on Autonomous Vehicles

Bitsensing raises $25M for its high-resolution radar in autonomous driving

Posted on Jun 18, 2024 in Finance, News

The startup says its 4D imaging radar is not just for autonomous driving but can also be applied to smart cities and digital healthcare,...

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Waabi secures $200M for AI-powered autonomous trucks, targets 2025 launch

Posted on Jun 18, 2024 in Finance, News

Canadian autonomous truck startup Waabi Innovation Inc. announced today that it has raised $200 million in new funding to support its...

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China EV leader BYD to invest $14bn in self-driving tech

Posted on Jun 12, 2024 in Finance, News

Chinese electric vehicle maker BYD plans to invest 100 billion yuan ($13.8 billion) in areas related to autonomous driving, Chairman Wang...

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GM pumps $850 million in Cruise to keep struggling robotaxi company afloat

Posted on Jun 11, 2024 in Finance, News

The company is expanding its manual testing to Houston as it slowly inches its way back to driverless operations following a pedestrian...

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Alabama gets major grant for autonomous bus safety research

Posted on May 31, 2024 in Finance, News

The University of Alabama is embarking on a $3 million project to develop advanced driver assistance systems for transit buses thanks to a...

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Baidu Apollo launches 6th-gen robotaxi with 60% lower cost

Posted on May 15, 2024 in Finance, News

Baidu’s self-driving ride hailing platform Apollo Go is close to break-even and aims to be profitable by 2025....

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Hyundai Motor Group Makes Additional Investment in Autonomous Driving

Posted on May 6, 2024 in Finance

According to industry sources, Hyundai Motor Group’s three subsidiaries — Hyundai Motor, Kia Corp. and Hyundai Mobis — have...

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Wayve raises $1.05B in funding to accelerate autonomous vehicles driven by embodied AI

Posted on May 6, 2024 in Finance, News

U.K.-based autonomous driving startup Wayve Technologies Ltd. said today it has closed on a bumper $1.05 billion funding round led by...

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Hyundai to invest $923 million on self-driving JV Motional

Posted on May 3, 2024 in Finance, Markets

Hyundai Motor Group, the world’s third-largest automaker, is set to spend nearly $1 billion on Motional, its loss-making self-driving...

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Great Wall-backed autonomous driving startup Haomo secures RMB 300 million in new funding

Posted on Apr 23, 2024 in Finance

The new funding comes just two months after the previous one of over RMB 100 million, and is one of the few large funding rounds in...

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Fort Worth secures $2 million grant to make driverless vehicles safer

Posted on Apr 18, 2024 in Finance, News

Fort Worth was awarded a $2 million grant to test low-altitude weather sensors for freight routes used by autonomous vehicles....

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Korean lidar venture SOSLab eyes Kosdaq debut in May

Posted on Apr 15, 2024 in Finance, News

South Korean light detection and ranging (lidar) startup SOSLab aims to debut on the junior bourse Kosdaq in May, according to banking...

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Tesla investment in autonomous driving program to exceed $10 billion this year: Musk

Posted on Apr 8, 2024 in Finance, Perspective

It takes some serious investment to pursue self-driving. This was highlighted by Elon Musk in a recent post on social media platform X,...

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AI startup SiMa.ai raises $70m to develop autonomous vehicle chip technology

Posted on Apr 4, 2024 in Finance, Technology

SiMa.ai’s chips will be used to detect an autonomous vehicle’s surroundings, promising greater road safety....

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Self-driving bus developer Auve Tech plans to keep going despite loss

Posted on Mar 27, 2024 in Finance

Autonomous buses developer Auve Tech clocked a loss before depreciation and amortization of around two million euros last year, Taavi...

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Autonomous Vehicle Startup Applied Intuition Hits $6B Valuation After $250M Series E

Posted on Mar 12, 2024 in Finance

Autonomous vehicle software developer Applied Intuition locked up a $250 million Series E valuing the company at a $6 billion — a 67%...

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GAC Group Unveils Aion Hyper GT with Level 3 Autonomous Driving for $36,900

Posted on Feb 29, 2024 in Finance, Technology

Explore the cutting-edge technology and safety features of the Aion Hyper GT 3L version from GAC Group, redefining urban mobility and...

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Haomo raises 100 million yuan in Series B1 round

Posted on Feb 22, 2024 in Finance, News

Chinese autonomous driving company Haomo.AI said on Thursday that it has raised over 100 million yuan ($13.91 million) in Series B1 round...

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AI hardware startup Recogni raises $102M for self-driving solutions

Posted on Feb 20, 2024 in Finance, Technology

Recogni Inc., a startup developing artificial intelligence hardware for autonomous vehicles, today announced that it has raised $102...

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UK government adds to autonomous vehicle funding

Posted on Feb 14, 2024 in Finance

Members of the fifth connected vehicle technology development cohort given potential to receive funding from UK government to aid creation...

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