The safety pilot has his hands off the controls during an Xwing demonstration flight. Image Credits: Xwing Xwing has scored another win two months after it completed its first gate-to-gate autonomous demonstration flight of a commercial cargo aircraft. The company said Thursday it has raised $40 million at a post-money valuation of $400 million. The… Continue reading Autonomous aviation startup Xwing hits $400M valuation after latest funding round
Tag: Autonomous
NFT Inc. reimagines urban and rural living with flying car ASKA
A number of startups have promised to bring a drive-and-fly vehicle to market over the past few years, but none have yet managed to follow through. NFT Inc. is betting it will succeed where its rivals have failed, with preorders opening Thursday for ASKA, company’s first electric flying car. The SUV-sized ASKA ( which means… Continue reading NFT Inc. reimagines urban and rural living with flying car ASKA
Walmart helps push Cruise’s latest investment round to $2.75B
Cruise, the autonomous vehicle company aiming to deploy robotaxis in San Francisco and Dubai, has added Walmart as an investor in an extended fundraising round that has grown to $2.75 billion. The company said it has a post-money valuation of more than $30 billion. Walmart and several unnamed institutional investors added capital to a $2… Continue reading Walmart helps push Cruise’s latest investment round to $2.75B
Marelli in a pact with China’s WHST for radar solutions aimed at ADAS and autonomous Driving applications
The collaboration will focus on radars using 77GHz and 79GHz applications for 4D radar to be integrated by Marelli into headlamps, rear lamps, smart grilles and standalone corner among others. Tier 1 supplier Marelli has signed cooperation agreement with China-based Wuhu SensorTech Intelligent Technology (WHST), a high-tech radar specialist company to focus on radar sensors… Continue reading Marelli in a pact with China’s WHST for radar solutions aimed at ADAS and autonomous Driving applications
Continental and Amazon Web Services Create Platform for Automotive Software
Standardized, modular hardware and software platforms enable function updates throughout the entire service life of a vehicle Software can be developed and tested more efficiently and securely and rolled out directly to vehicles High-performance AWS cloud speeds up development processes and meets the strictest security and compliance requirements Platform is already being tested in an… Continue reading Continental and Amazon Web Services Create Platform for Automotive Software
Uber is sitting on $18 billion in global investments, with a stake in Grab’s record SPAC deal worth more than $5 billion alone (UBER)
Singapore’s ride-hailing firm Grab announced plans Tuesday to go public at a $40 billion valuation. Uber is one company poised to win big, with an investment that will be worth more than $5 billion. This is the latest pivot Uber has made in recent years as it’s pared back cash-burning endeavors. See more stories on… Continue reading Uber is sitting on $18 billion in global investments, with a stake in Grab’s record SPAC deal worth more than $5 billion alone (UBER)
Ford reveals BlueCruise, its hands-free driving tech to rival Tesla Autopilot and GM’s Super Cruise (F, GM, TSLA)
Ford revealed details about its upcoming hands-free driving system to rival Tesla Autopilot on Wednesday. BlueCruise will enable hands-free driving on more than 100,000 miles of North American highways. It will be available for certain F-150 trucks and Mustang Mach-E crossovers later in 2021. See more stories on Insider’s business page. Ford has teased hands-free… Continue reading Ford reveals BlueCruise, its hands-free driving tech to rival Tesla Autopilot and GM’s Super Cruise (F, GM, TSLA)
Ford takes aim at Tesla, GM with its new hands-free driving system
Ford will debut its new hands-free driving feature on the 2021 F-150 pickup truck and certain 2021 Mustang Mach-E models through a software update later this year, technology that the automaker developed to rival similar systems from Tesla and GM. That hands-free capability — which uses cameras, radar sensors and software to provide a combination… Continue reading Ford takes aim at Tesla, GM with its new hands-free driving system
@FaradayFuture: Faraday Future Selects NVIDIA Drive Orin To Power Flagship FF 91 Luxury EV For Next Generation…
Los Angeles, Calif. (April 12, 2021) — Faraday Future (“FF”), a California-based global shared intelligent mobility ecosystem company, announced today that it is deploying the NVIDIA Drive Orin platform in its flagship ultra-luxury FF 91 electric vehicle. Moving to this next-generation DRIVE Orin system-on-a-chip (SoC) reflects the automaker’s close collaboration efforts and seamless ability to… Continue reading @FaradayFuture: Faraday Future Selects NVIDIA Drive Orin To Power Flagship FF 91 Luxury EV For Next Generation…
Toyota taps Apex.AI for its autonomous vehicle operating system
Automakers shifting to all-electric and tech-laden vehicles have discovered that software — and more aptly software that is free of bugs and can be updated wirelessly — has become a consistent speed bump on the road to attracting customers. It is an issue that plagued Volkswagen’s launch of its all-electric VW ID.3, the 2022 Volvo… Continue reading Toyota taps Apex.AI for its autonomous vehicle operating system