“This really is a profound change.” Taymo Tesla has been secretly testing out fully autonomous robotaxis in the Bay Area for several months, CEO Elon Musk revealed during the carmaker’s earnings call this week. According to the billionaire, only Tesla staffers are authorized to make use of a prototype app that can summon vehicles using… Continue reading Tesla Has Secretly Been Testing Robotaxis
Tag: Autonomous
Google’s Waymo closes $5.6b funding to expand autonomous cab serviceThe round also saw participation from existing investors including Andreessen Horo…
Alphabet’s self-driving unit, Waymo, said on Friday it had closed a $5.6 billion funding round led by the Google parent, as it looks to expand its autonomous ride–hailing service. Automakers and technology companies are investing in autonomous ride–hailing services to capitalize on the technology to drive commercial success, even as it faces widespread skepticism and tight regulatory scrutiny. The investment round also saw participation from existing investors including… Continue reading Google’s Waymo closes $5.6b funding to expand autonomous cab serviceThe round also saw participation from existing investors including Andreessen Horo…
Waymo secures $5.6 billion in new funding before expanding robotaxis to new cities in 2025
Robotaxi developer Waymo has closed an oversubscribed Series C funding round totaling $5.6 billion. Alongside an expanded partnership with Uber, the funds will help the rideshare company expand its Waymo-One robotaxi service throughout current and additional cities in the US. While some robotaxi networks are slowing down their expansion plans and OEMs like Tesla struggle… Continue reading Waymo secures $5.6 billion in new funding before expanding robotaxis to new cities in 2025
Tesla shares close at highest in 13 months as post-earnings rally continues
Elon Musk attends a discussion session during the Cannes Lions International Festival Of Creativity in Cannes, France, June 19, 2024. Marc Piasecki | Getty Images A day after its sharpest rally since 2013, Tesla’s stock on Friday closed at its highest in more than a year as investors and analysts continued to applaud the electric… Continue reading Tesla shares close at highest in 13 months as post-earnings rally continues
Alphabet’s self-driving unit Waymo closes $5.6 billion funding round as robotaxi race heats up in the U.S.
A Waymo autonomous self-driving Jaguar taxi drives along a street on March 14, 2024 in Los Angeles, California. Mario Tama | Getty Images Waymo has closed a $5.6 billion funding round to expand its robotaxi service in and beyond Los Angeles, San Francisco and Phoenix, where it operates today. The autonomous vehicle venture is owned… Continue reading Alphabet’s self-driving unit Waymo closes $5.6 billion funding round as robotaxi race heats up in the U.S.
Waymo raises $5.6 billion to fund Austin and Atlanta expansion
Waymo has raised another huge chunk of change from investors. The company announced on its blog that it secured an “oversubscribed investment round” of $5.6 billion in funding, the largest of which came from Google’s parent company Alphabet. The company is working with Uber to expand to Austin and Atlanta by the early part of… Continue reading Waymo raises $5.6 billion to fund Austin and Atlanta expansion
Qiming Venture Partners Celebrates WeRide’s IPO on Nasdaq
SHANGHAI, Oct. 25, 2024 /PRNewswire/ — On October 25th, 2024, Beijing Time, WeRide, a world-leading autonomous driving company and Qiming Venture Partners’ portfolio company, began trading on Nasdaq. This marks a historic milestone as both the world’s first pure-play autonomous driving company to go public and the first publicly listed Robotaxi company. WeRide (NASDAQ:WRD) offered… Continue reading Qiming Venture Partners Celebrates WeRide’s IPO on Nasdaq
China’s WeRide raises $440.5m from US IPO, placementWeRide’s IPO follows the debut of EV maker Zeekr on NYSE earlier this year.
Self-driving startup WeRide raised a combined $440.5 million in its US initial public offering and a private placement on Friday, the latest Chinese firm to capitalise on improving investor sentiment and easing regulatory roadblocks. The number of Chinese companies that have pursued stock market flotations in the United States had dropped in the past few years, after… Continue reading China’s WeRide raises $440.5m from US IPO, placementWeRide’s IPO follows the debut of EV maker Zeekr on NYSE earlier this year.
Waymo just raised $5.6 billion to spread robotaxis to more cities
/ The funding round was the driverless car company’s largest to date. By Andrew J. Hawkins, transportation editor with 10+ years of experience who covers EVs, public transportation, and aviation. His work has appeared in The New York Daily News and City & State. Share this story Photo by PATRICK T. FALLON/AFP via Getty Images… Continue reading Waymo just raised $5.6 billion to spread robotaxis to more cities
Kennedy Robotics AI Joins Cyngn’s Dealer Network and Will Begin Selling DriveMod Tuggers
MENLO PARK, Calif., Oct. 25, 2024 /PRNewswire/ — Cyngn Inc. (Nasdaq: CYN) today announced the expansion of its dealer network to include Kennedy Robotics AI, a provider of innovative autonomous robotics solutions. Kennedy Robotics will begin selling Cyngn’s autonomous DriveMod Tugger, which bundles Cyngn’s AV technology with Motrec’s MT-160 vehicle. “We are excited to welcome… Continue reading Kennedy Robotics AI Joins Cyngn’s Dealer Network and Will Begin Selling DriveMod Tuggers