UK government provides £6.6m funding for world’s first SAE Level 4 autonomous hydrogen HGV
The Hub2Hub consortium has been awarded £6.6m (US$8.1m) to develop and deliver a revolutionary, world-first, autonomous zero-emission HGV for the…
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Outrider raises US$73m Series C financing to increase adoption of autonomous distribution yard operations
In a Series C financing round led by FM Capital, new investors in the developer of autonomous yard operations technologies…
Volvo Group Venture Capital AB backs Waabi
Volvo Group Venture Capital AB has invested in Waabi Innovation Inc., a Canadian company developing autonomous trucking technology, founded by…
US$140m Series C round will help Oxbotica further deploy its Universal Autonomy operating system
Oxbotica, which provides autonomous vehicle software, has raised US$140 million in a Series C investment to deploy its operating system…
LG and Magna partner on development of next-gen autonomous driving infotainment solution
LG Electronics and mobility technology company Magna have signed an agreement to collaboratively develop a proof of concept for an…
Foxconn partners with Nvidia to build automated electric vehicles
Nvidia and Hon Hai Technology Group (Foxconn), the world’s largest technology manufacturer, will jointly develop automated and autonomous vehicle platforms.…
Continental and Ambarella to jointly develop scalable full software stack
Continental and Ambarella Inc are to develop scalable, end-to-end hardware and software solutions based on artificial intelligence (AI) for assisted…
Magna to acquire Veoneer active safety business for US$1.525 billion
Magna International Inc has entered into an agreement to acquire the Veoneer Active Safety business from SSW Partners for US$1.525…
Stellantis to acquire aiMotive to accelerate autonomous driving and interior technologies
aiMotive, a developer of advanced artificial intelligence and autonomous driving software, is to be acquired by Stellantis. The acquisition is…
Proposed merger of equals between Ouster and Velodyne to boost adoption of lidar technology
High-resolution digital lidar provider Ouster and lidar sensors and solutions company Velodyne have entered into a definitive agreement to merge…