GM has announced that it is acquiring SoftBank Vision Fund 1’s equity ownership stake in Cruise for US$2.1bn and will invest a further US$1.35bn in…
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A long-term cooperation agreement for the development of automated driving (AD) technologies has been inked between BMW Group, Qualcomm Technologies and Arriver Software. The partnership…
ADAS and AD sensing technology developer LeddarTech has announced the appointments of Derek Aberle and Nick Stone to its board of directors. Aberle spent 17…
Autonomous taxi and trucking developer Pony.ai says it has completed the first close of its Series D financing, with proceeds from the funding set to…
The Jacksonville Transportation Authority (JTA) has selected the Balfour Beatty Vision 2 Reality (V2R) Team and lead AV contractor Beep, a developer of multi-passenger, electric,…
Argo AI has established a new engineering and development office in Los Angeles, California, ensuring it has easy access to the engineering, machine learning and…
Autonomous driving computing chip provider Black Sesame Technologies has selected Elektrobit’s AUTOSAR (AUTomotive Open System Architecture) Classic Platform (CP) for the development of its autonomous driving platform.…
Safety software developer TTTech Auto has raised US$285m from Aptiv and Audi in its latest funding round. Aptiv is investing US$228m, while Audi is increasing…
ADAS and AD sensing technology specialist LeddarTech has announced a successful financing round with an investment of US$140m, which comprises a Series D first close of…
Tech company Baidu’s intelligent electric vehicle arm, Jidu, has closed a Series A financing round, raising nearly US$400m. The round was backed by Baidu and…