China’s Hesai Group on Friday announced plans to raise as much as $171 million in an initial public offering in the United States, according to a term sheet. The Shanghai-based lidar maker will offer up to 9 million American depositary shares (ADS) at between $17 and $19 apiece. Laser-based lidar sensors help self-driving cars detect objects ahead… Continue reading Chinese lidar maker Hesai says looking to raise up to $171m in US IPOTo date, Hesai has raised over $500m from Xiaomi, Baidu and others.
Tag: Autonomous
Unmanned surface vehicle market: Growth opportunities led by 5G International Inc, AutoNaut Ltd, Clearpath Robotics Inc – Technavio
NEW YORK, Feb. 2, 2023 /PRNewswire/ — The unmanned surface vehicle market size is forecast to increase by USD 715.64 million from 2022 to 2027, at a CAGR of 7.26%, according to the recent market study by Technavio. The report includes historic market data from 2017 to 2021. In 2017, the market was valued at USD 1240.05 million. … Continue reading Unmanned surface vehicle market: Growth opportunities led by 5G International Inc, AutoNaut Ltd, Clearpath Robotics Inc – Technavio
Carmakers aiming to leap forward
Customers examine a Hongqi SUV at a shopping mall in Tianjin on Jan 26. [Photo by Li Fusheng/China Daily] Editor’s Note: China is the world’s largest and most dynamic vehicle market, where established marques and startups vie to roll out new models. Chinese car consumers probably have the greatest know-how of cutting-edge vehicle-related smart technology,… Continue reading Carmakers aiming to leap forward
@VW Group: Italdesign and CLIMB-E at CES 2023006580
Italdesign is celebrating its 55th anniversary at CES 2023 in Las Vegas with Climb-E, an autonomous transportation concept, and its fresh and dynamic corporate image. Climb-E embraces evolution in the concept of local sustainable urban mobility into continuous sustainable urban mobility. Along with its intended privately owned use, Climb-E can bring services to consumers through… Continue reading @VW Group: Italdesign and CLIMB-E at CES 2023006580
Satellite Communication System Market to Reach $61.5 Billion, Globally, by 2031 at 9.5% CAGR: Allied Market Research
Satellite communication systems have gained popularity in recent years due to their ability to provide communication services to remote and underserved areas. Additionally, increasing demand for global connectivity and growing adoption of the Internet of Things (IoT) devices have also contributed to the increased use of satellite communication systems. PORTLAND, Ore., Feb. 2, 2023 /PRNewswire/… Continue reading Satellite Communication System Market to Reach $61.5 Billion, Globally, by 2031 at 9.5% CAGR: Allied Market Research
Percepto Achieves Regulatory Breakthrough to Scale Commercial Drone Operations
FAA exemption denial brings safety, sustainability, and security benefits to critical infrastructure facilities across the U.S. AUSTIN, Texas, Feb. 2, 2023 /PRNewswire/ — Percepto, an industry-leading autonomous inspection and monitoring solutions provider, today announced a first-of-its-kind exemption denial from the Federal Aviation Administration (FAA). The FAA’s denial provides cause for the whole industry to celebrate,… Continue reading Percepto Achieves Regulatory Breakthrough to Scale Commercial Drone Operations
AUTOCRYPT Achieves ASPICE CL2 for TEE-Based In-Vehicle Systems Security
SEOUL, South Korea, Feb. 2, 2023 /PRNewswire/ — A global leader in automotive cybersecurity and connected mobility technologies, AUTOCRYPT announced its certification for ASPICE Capability Level (CL) 2. One of the very first and few cybersecurity providers to achieve this certification, AUTOCRYPT was recognized for its well-established processes in securing in-vehicle systems and software. ASPICE,… Continue reading AUTOCRYPT Achieves ASPICE CL2 for TEE-Based In-Vehicle Systems Security
ThayerMahan Protects Subsea Cables
Repair offshore wind power cables before they fail. GROTON, Conn., Feb. 2, 2023 /PRNewswire/ — Connecticut-based ThayerMahan, Inc, a world leader in autonomous maritime solutions, demonstrated that its SeaScout system can detect damage to export and transmission cables that carry power from offshore wind turbines to the onshore power making it possible to identify cable… Continue reading ThayerMahan Protects Subsea Cables
Claro Enterprise Solutions Launches Asset Insights Solution
MIRAMAR, Fla., Feb. 2, 2023 /PRNewswire/ — Claro Enterprise Solutions, a leading source provider of Network Connectivity and Communication, Cybersecurity, Cloud, IoT, and IT Managed Services, launches Claro Asset Insights to provide clients with the ability to track assets and shipments autonomously, manage them digitally, and gain valuable insights into their condition, status, and critical events.… Continue reading Claro Enterprise Solutions Launches Asset Insights Solution
Autonomous driving in the crisis
How long will it be before autonomous cars hit the streets? A current outlook. When I founded this site, it was very often – not only from Elon Musk and Tesla – the speech of one decade. Until today, people wanted to have autonomous driving practically in their pockets. Maybe not level 5, i.e. full… Continue reading Autonomous driving in the crisis