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News, Analysis & Perspective on Autonomous Vehicles

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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Project 3 Mobility secures EUR 100 million for autonomous electric robotaxi

Posted on Feb 8, 2024 in Finance, News

Croatian start-up Project 3 Mobility, set up by Mate Rimac, the founder and CEO of Rimac Automobili, and Rimac Group, has raised EUR 100...

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GM’s self-driving car company Cruise lost $3.48 billion in 2023

Posted on Jan 31, 2024 in Finance, News

General Motors-owned self-driving car company Cruise’s operating loss totaled $3.48 billion in 2023, a staggering deficit that comes as...

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GM to Cut Cruise Self-Driving Car Spending by $1 Billion

Posted on Jan 31, 2024 in Finance

Cruise recorded a $2.7 billion pre-tax loss in 2023, not including approximately $500 million in restructuring costs....

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BYD announces $14B investment in smart car technology, including ADAS

Posted on Jan 18, 2024 in Finance, Technology

BYD announced plans to invest $14 billion in smart car technology, including autonomous driving software and driver-assistance systems....

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Tuam firm developing driverless car tech sees profits accelerate to €46.2m

Posted on Jan 4, 2024 in Finance

Pre-tax profits at the Tuam firm at the cutting edge of driverless car technology almost doubled to €46.25m in 2022....

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DOT announces $25 Million for Rural Autonomous Vehicle Research Program

Posted on Dec 17, 2023 in Finance, News

(Washington, D.C.) – The U.S. Department of Transportation (DOT) announced a $25 million funding opportunity for its Rural Autonomous...

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Inverted AI secures $4M to simulate human drivers with generative AI to help develop autonomous vehicles

Posted on Dec 15, 2023 in Finance, Technology

Inverted AI, a Vancouver-based company that uses generative artificial intelligence for autonomous vehicle development, announced Thursday...

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Self-Driving Car Startup Raises $85M to Produce Automaker Tech

Posted on Dec 8, 2023 in Finance

An Israeli start-up producing tech that assists automakers in improving their self-driving cars has announced significant new funding. Tel...

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Government backs self-driving cars with £150m funding

Posted on Dec 1, 2023 in Finance

Cash will support work Centre for Connected and Autonomous Vehicles, which aims to support development of commercial market for...

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DiDi Autonomous Driving invests in LiDAR maker Benewake

Posted on Nov 20, 2023 in Finance, Uncategorized

On November 17, DiDi Autonomous Driving announced an investment exceeding a hundred million yuan in Benewake (Beijing) Co., Ltd....

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Self-Driving Vehicle Company Gets $105M Funding Boost

Posted on Nov 10, 2023 in Finance, News

Michigan-based autonomous vehicle (AV) start-up May Mobility has confirmed it has raised another $105 million after it closed a series D...

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Autonomous Driving Could Get ¥2.7 Billion Boost from Japanese Govt

Posted on Nov 10, 2023 in Finance

The government is considering earmarking ¥2.7 billion in its fiscal 2023 supplementary budget to support tech development for so-called...

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King Long secures $1mln at Dubai World Challenge for Self-Driving Bus

Posted on Nov 9, 2023 in Finance, News

Cinching first place for its self-driving bus equipped with advanced technologies, the win will see distributor AG Auto potentially deploy...

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SMMT: Electrified, driverless vehicle revolution could fuel £66bn annual UK windfall by 2040

Posted on Nov 1, 2023 in Finance, Perspective

The UK could reap the rewards of a £66bn annual windfall before 2040 driven by the widespread adoption of driverless electric vehicles...

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Self-driving startup Pony.ai secures $100m from Saudi’s Neom

Posted on Oct 26, 2023 in Finance, News

NEOM, the smart and sustainable regional development in northwest Saudi Arabia, has injected $100 million into autonomous driving firm...

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China Self-Driving Vehicle Company Receives $149M in Funding

Posted on Oct 17, 2023 in Finance, News

DiDi, once considered the Uber of China, has announced major new funding for its Autonomous Driving arm. The investment, worth up to $149...

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