Great Wall-backed autonomous driving startup Haomo secures RMB 300 million in new funding
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...
Read MoreFort Worth secures $2 million grant to make driverless vehicles safer
Fort Worth was awarded a $2 million grant to test low-altitude weather sensors for freight routes used by autonomous vehicles....
Read MoreKorean lidar venture SOSLab eyes Kosdaq debut in May
South Korean light detection and ranging (lidar) startup SOSLab aims to debut on the junior bourse Kosdaq in May, according to banking...
Read MoreTesla investment in autonomous driving program to exceed $10 billion this year: Musk
It takes some serious investment to pursue self-driving. This was highlighted by Elon Musk in a recent post on social media platform X,...
Read MoreAI startup SiMa.ai raises $70m to develop autonomous vehicle chip technology
SiMa.ai’s chips will be used to detect an autonomous vehicle’s surroundings, promising greater road safety....
Read MoreSelf-driving bus developer Auve Tech plans to keep going despite loss
Autonomous buses developer Auve Tech clocked a loss before depreciation and amortization of around two million euros last year, Taavi...
Read MoreAutonomous Vehicle Startup Applied Intuition Hits $6B Valuation After $250M Series E
Autonomous vehicle software developer Applied Intuition locked up a $250 million Series E valuing the company at a $6 billion — a 67%...
Read MoreGAC Group Unveils Aion Hyper GT with Level 3 Autonomous Driving for $36,900
Explore the cutting-edge technology and safety features of the Aion Hyper GT 3L version from GAC Group, redefining urban mobility and...
Read MoreHaomo raises 100 million yuan in Series B1 round
Chinese autonomous driving company Haomo.AI said on Thursday that it has raised over 100 million yuan ($13.91 million) in Series B1 round...
Read MoreAI hardware startup Recogni raises $102M for self-driving solutions
Recogni Inc., a startup developing artificial intelligence hardware for autonomous vehicles, today announced that it has raised $102...
Read MoreUK government adds to autonomous vehicle funding
Members of the fifth connected vehicle technology development cohort given potential to receive funding from UK government to aid creation...
Read MoreProject 3 Mobility secures EUR 100 million for autonomous electric robotaxi
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...
Read MoreGM’s self-driving car company Cruise lost $3.48 billion in 2023
General Motors-owned self-driving car company Cruise’s operating loss totaled $3.48 billion in 2023, a staggering deficit that comes as...
Read MoreGM to Cut Cruise Self-Driving Car Spending by $1 Billion
Cruise recorded a $2.7 billion pre-tax loss in 2023, not including approximately $500 million in restructuring costs....
Read MoreBYD announces $14B investment in smart car technology, including ADAS
BYD announced plans to invest $14 billion in smart car technology, including autonomous driving software and driver-assistance systems....
Read MoreTuam firm developing driverless car tech sees profits accelerate to €46.2m
Pre-tax profits at the Tuam firm at the cutting edge of driverless car technology almost doubled to €46.25m in 2022....
Read MoreDOT announces $25 Million for Rural Autonomous Vehicle Research Program
(Washington, D.C.) – The U.S. Department of Transportation (DOT) announced a $25 million funding opportunity for its Rural Autonomous...
Read MoreInverted AI secures $4M to simulate human drivers with generative AI to help develop autonomous vehicles
Inverted AI, a Vancouver-based company that uses generative artificial intelligence for autonomous vehicle development, announced Thursday...
Read MoreSelf-Driving Car Startup Raises $85M to Produce Automaker Tech
An Israeli start-up producing tech that assists automakers in improving their self-driving cars has announced significant new funding. Tel...
Read MoreGovernment backs self-driving cars with £150m funding
Cash will support work Centre for Connected and Autonomous Vehicles, which aims to support development of commercial market for...
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