Self-driving startup WeRide deepens ties with Nissan, raises $310 mln
BEIJING, June 23 (Reuters) – WeRide, a China-based autonomous driving startup, said on Wednesday that it would deepen development...
Read MoreSelf-driving truck startup Embark to go public in $5.2 billion SPAC deal
Embark Trucks Inc. is merging with a special-purpose acquisition company to go public in a deal that values the self-driving truck startup...
Read MoreExclusive: Quanergy nears China-backed SPAC deal to go public
June 21 (Reuters) – Quanergy Systems Inc, a supplier of self-driving car technology, is nearing a deal to go public through a merger...
Read MoreAlphabet’s self-driving car company Waymo announces $2.5 billion investment round
Google sibling company Waymo announced Wednesday a $2.5 billion investment round, which will go toward advancing its autonomous driving...
Read MoreSelf-driving trucks startup Kodiak Robotics snags investment, partnership from Bridgestone
Tire-making giant Bridgestone has taken a minority stake in Kodiak Robotics, the Silicon Valley-based startup developing autonomous...
Read MoreGeneral Motors to boost its electric vehicle & autonomous driving investments by 30% to $35 billion
U.S. automaker General Motors has just made one of the biggest financial commitments in its 100+ year history. The company announced on...
Read MoreGM-backed Cruise secures $5 billion credit line as it prepares to launch self-driving robotaxis
Cruise, a majority-owned subsidiary of General Motors, has secured a new $5 billion line of credit as it prepares for commercialization of...
Read MoreChinese lidar maker Hesai lands $300M led by Hillhouse, Xiaomi, Meituan
The rush to back lidar companies continues as more automakers and robotaxi startups include the remote sensing method in their vehicles....
Read MoreSMRT Ventures, Yinson invest in driverless vehicle start-up
MooVita, a local autonomous vehicle start-up, has secured a multimillion-dollar investment from SMRT Ventures and Malaysia-listed energy...
Read MoreAI pioneer Raquel Urtasun launches self-driving technology startup with backing from Khosla, Uber and Aurora
One of the lingering mysteries from Uber’s sale of its Uber ATG self-driving unit to Aurora has been solved. Raquel Urtasun, the AI...
Read MoreIntel-backed Horizon Robotics weighs $1 billion U.S. IPO
(Bloomberg) — Chinese artificial intelligence-chip startup Horizon Robotics Inc. is considering a U.S. initial public offering which...
Read MoreXiaomi-backed fund invests in autonomous driving startup Zongmu
(Bloomberg) — An investment fund backed by Xiaomi Corp. is among a new slew of investors in Zongmu Technology Shanghai Co. as the...
Read MoreDiDi Autonomous Driving said to close over $3 million funding round
Shanghai (Gasgoo)- DiDi Autonomous Driving, the self-driving technology arm of Didi Chuxing (DiDi), is about to raise over $300 million,...
Read MoreFaction raises $4.3M to deploy 3-wheeled EVs for driverless delivery
Faction Technology founder and CEO Ain McKendrick didn’t have the $1 billion or the time that a typical automotive program might need to...
Read MoreScania Growth Capital invests in sensors for autonomous vehicles
Scania’s corporate venture capital-fund announces investment of € 7,5 million in Scantinel to finance further growth in its specialist...
Read MoreSelf-driving cars raise liability questions for insurers
(TNS) — The advent of self-driving cars is raising questions in the insurance sector about who should pay when the vehicles crash and how...
Read MoreBeep secures $20M Series-A investment from Intel Capital and Blue Lagoon Capital
ORLANDO, Fla., May 26, 2021 /PRNewswire/ — Beep, a provider of multi-passenger, electric, autonomous mobility solutions, announced...
Read MoreLidar startup Innovusion closes $64M round led by Temasek
More investors are joining the wave to bet on lidar, the remote sensing method that uses laser light to measure distances and has garnered...
Read MoreWaymo eyes raising up to $4 billion as leaders’ exits sow doubts
Waymo is talking to outside investors about raising as much as $4 billion in additional capital to fuel its self-driving efforts. And the...
Read MoreNissan-backed self-driving startup WeRide raises new funds, puts value at $3.3 billion
BEIJING (Reuters) -WeRide, a China-based autonomous driving startup backed by Nissan, Renault and Mitsubishi Motors, said it raised...
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