WeRide, a Chinese autonomous vehicle company, is officially gearing up for a U.S. public debut, over a year after China started easing its effective ban of foreign IPOs. The company is seeking a valuation as high as $5.02 billion in its initial public offering. WeRide expects to raise about $96 million from its offering, or $111.3 […]
China’s autonomous vehicle startup WeRide seeks US IPO at $5B valuation Read More »
Waymo, the Alphabet-owned self-driving car company, is adding another 10 square miles to its robotaxi service area to include cities surrounding San Francisco. The move, which adds Daly City, Broadmoor and Colma, pushes its total commercial service territory to about 55 square miles. Waymo said Tuesday it is also adding 16 square miles of new robotaxi
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Uber reported strong second-quarter results, with gross bookings and net profit both up by a decent margin. But the company instead chose to highlight the success of its autonomous vehicle effort — likely to assuage investors concerned about incoming competition from Tesla, which aims to reveal its first robotaxi in October. Uber said in its
Uber highlights autonomous vehicle efforts now that Tesla’s in its rearview mirror Read More »
Five years ago, as robotaxis and self-driving truck startups were still raking in millions in venture capital, Anthony Levandowski turned to off-road autonomy. Now, that decision — which brought the former Google engineer and serial entrepreneur back to the roots that helped launch his pioneering and controversial career — is starting to pay off. Pronto,
Autonomous vehicle software startup Applied Intuition has closed a $300 million secondary sale just four months after raising a $250 million Series E round, yet another sign of how white-hot the investment scene is for artificial intelligence companies. The secondary round adds Fidelity Management & Research Company to an already-stacked lineup of investors in the
Applied Intuition closes $300M secondary four months after raising $250M Read More »
Don Burnette, CEO and co-founder of self-driving truck startup Kodiak Robotics, had an “a-ha” moment when the company started working with the U.S. Department of Defense. Kodiak’s mission has always been to pursue long-haul autonomous trucking, but two years ago, the startup won a $50 million contract from the DoD to help the Army automate
Kodiak Robotics is taking self-driving trucks off road to reach profitability faster Read More »
Elon Musk says he will show off Tesla’s purpose-built “robotaxi” prototype during an event October 10, after scrapping a previous plan to reveal it August 8. Musk said Tesla will also show off “a couple of other things,” but didn’t explain what that meant. The comments, made on Tesla’s second-quarter earnings call Tuesday, largely confirms
Elon Musk says he will show off Tesla’s purpose-built “robotaxi” prototype during an event October 10, after scrapping a previously-planned reveal on August 8 earlier this month. Musk said Tesla will also show off “a couple of other things,” but didn’t explain what that meant. The comments, made on Tesla’s second-quarter earnings call Tuesday, largely
Elon Musk sets new October 10 date for ‘robotaxi’ reveal and ‘other things’ Read More »
Tesla CEO Elon Musk confirmed Monday earlier reports the company was delaying its robotaxi reveal, explaining it was because he requested an “important design change to the front.” Bloomberg News reported last week Tesla was pushing the event to October. It had been aiming for an August 8 event. The company did not immediately respond
Elon Musk confirms Tesla ‘robotaxi’ event delayed due to design change Read More »
Tesla is apparently not ready to reveal its “robotaxi” design next month, and is instead pushing the event to October, according to Bloomberg News. The company reportedly needs more time to build the prototypes. It had been aiming for an August 8 event. The company did not immediately respond to a request for comment. Tesla
Tesla reportedly delays ‘robotaxi’ event to October Read More »
