President of Mechanical Simulation retires after 19-year tenure
Mechanical Simulation Corporation has announced the retirement of long-standing president, Terence J Rhoades. Having held the position for the past…
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Torc Robotics to acquire Algolux to enhance self-driving truck technology
Under a newly signed agreement, Torc Robotics – a subsidiary of Daimler Truck that is commercializing self-driving technology – is…
Continental announces further investment in Kopernikus Automotive for automated driving functions
Continental and Technologiegründerfonds Sachsen (TGFS) have made a follow-up investment in Kopernikus Automotive, an artificial intelligence (AI) startup specializing in…
Polestar 5 joins Polestar 3 in featuring lidar from Luminar
Polestar and Luminar continue to deepen their partnership, with Luminar’s technology now set to be integrated into the Polestar 5…
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…
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.…