Hyundai Motor Group to invest $87B over next 5 years; 44 electrified vehicles; new EV development system; hydrogen plans
Hyundai Motor Group (HMG) will invest more than KRW100 trillion (US$87 billion) over next 5 years—KRW20 trillion (~US$17.4 billion)...
Read MoreStradVision raises $27 million in Series B funding to support camera technology for autonomous vehicles and ADAS systems
SEOUL, South Korea, Dec. 19, 2019 /PRNewswire/ — StradVision, an innovator in vision processing technology for Autonomous Vehicles,...
Read MoreBluespace.ai, a startup focused on AV technology for mass transit, gets $3.5 million in seed funding
Bluespace.ai, a new autonomous driving startup focused on mass transit, announced today that it has raised $3.5 million in seed funding...
Read MoreGoogle’s self-driving car project buys British AI firm Latent Logic
Waymo, Google’s self-driving car sibling company, has acquired the Oxford artificial intelligence company Latent Logic for an undisclosed...
Read MoreVolkswagen parent acquires stake in self-driving startup
Porsche Automobil Holding SE has acquired a minority stake in Silicon Valley self-driving sensor startup Aeva Inc., the latest in a flurry...
Read MoreHyundai commits $17 billion to add electric, driverless cars
Hyundai Motor Co. will spend 20 trillion won ($17 billion) over the next six years on new technology to help make the switch to electric...
Read MoreToyota leads $50 million investment in autonomous shuttle startup May Mobility
May Mobility, a Michigan-based startup that is operating autonomous shuttle services in three U.S. cities, has raised $50 million in a...
Read MoreWayve raises $20 million to give autonomous cars better AI brains
Wayve, a U.K.-based startup that’s developing artificial intelligence (AI) that teaches cars to drive autonomously using reinforcement...
Read MoreAutonomous flying taxi startup Ehang files $100 million initial public offering
Ehang, a Chinese company that builds drones large enough to carry human passengers, filed paperwork with the US Securities and Exchange...
Read MoreWirecard shapes the future of mobility with renowned partners
ASCHHEIM, Germany, Nov. 1, 2019 /PRNewswire/ — Wirecard, the global innovation leader for digital financial technology, is once...
Read MorePorsche invests in Israeli auto tech firm Tactile Mobility
Israeli automotive technology startup Tactile Mobility said on Tuesday it secured $9 million in funding from Porsche, Union Tech Ventures...
Read MoreRobotaxi startup Zoox raises new millions
Autonomous vehicle startup Zoox has signed a $200 million convertible note— the first new investment since the Silicon Valley company...
Read MoreCybersecurity firm attracts OEM funding
There hasn’t been a high-profile car hack since researchers commandeered a Jeep Cherokee by remote control four years ago. That...
Read MoreRealtime Robotics raises $11.7 million Series A funding
BOSTON–(BUSINESS WIRE)–Realtime Robotics, the inventor of responsive motion planning for industrial robots and autonomous...
Read MoreHyundai is investing $35 billion in autonomous driving and electric cars
London (CNN Business) – Hyundai does not intend to be left behind in the high-stakes race to build mass-market electric and...
Read MoreChipmaker Analog Devices expects big gains from EV, autonomous shift
LIMERICK, IRELAND — Semiconductor company Analog Devices expects to maintain double-digit growth in its automotive operations,...
Read MoreSelf-driving truck startup Einride raises $25 million in new funding round
Autonomous electric delivery truck startup Einride raised $25 million in a Series A investment round it said would help expand the...
Read MoreSources: Lilium is looking to raise up to $500M for its electric flying taxis
“Flying cars” — airborne vehicles designed for urban and other short-distance commutes to replace conventional private automobiles — are...
Read MoreDeepRoute raises $50 million in funding to research and develop autonomous vehicles
DeepRoute, an international self-driving vehicle startup, today announced it has raised $50 million in its pre-Series A funding round to...
Read MoreAlphabet’s Waymo valuation cut 40% by Morgan Stanley to $105 billion amid challenges in self-driving car market
Waymo, Alphabet’s self-driving car division, is taking longer than expected to develop a commercialized product, leading analysts at...
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