SAN FRANCISCO, Feb 7 (Reuters) – Self-driving car startup Aurora has raised more than $530 million in fresh funding, bucking recent skepticism by investors and industry players that autonomous vehicle technology has been overhyped. Autonomous driving is one of the most capital intensive startup businesses, and such a large sum of money is critical for… Continue reading Startup Aurora gets $530 mln boost to build self-driving cars
Tag: Autonomous
Another self-driving car startup is starting small, and that’s a good thing
Boston-based self-driving startup Optimus Ride said on Thursday that it will provide rides in its golf cart-sized vehicles to tenants of a $1.4 billion mixed-use development project in Reston, Virginia, starting later this year. It will be a very modest deployment of the technology — three vehicles on a fixed loop to and from the… Continue reading Another self-driving car startup is starting small, and that’s a good thing
Velodyne Executive Addresses How Velodyne Provides Breakthrough Lidar Technology for Autonomy and Driver Assistance
RÜSSELSHEIM, Germany–(BUSINESS WIRE)–Dr. Mircea Gradu, Sr. Vice President Quality and Validation at Velodyne Lidar, Inc., will deliver a featured presentation on lidar technology at the upcoming International VDI Conference – Automotive Sensor Systems in Munich, Germany on February 14. Gradu will review the critical success factors in testing and validation that lidar sensors must achieve… Continue reading Velodyne Executive Addresses How Velodyne Provides Breakthrough Lidar Technology for Autonomy and Driver Assistance
Jaguar Land Rover posts huge financial loss
Jaguar Land Rover has posted its fourth consecutive quarter of financial losses, losing £273m in between September and December 2018 on revenues of £6.2bn. The company declared a £90m loss for the financial quarter ending in September 2018, and lost £264m in the preceding quarter, while this latest quarterly loss is the company’s biggest ever.… Continue reading Jaguar Land Rover posts huge financial loss
Fully driverless cars could run on UK roads by end of the year
Fully driverless cars could run on UK roads by end of the year
Ike Raises $52M in Series A Funding
Ike, a San Francisco, CA-based autonomous trucking startup, raised $52m in Series A funding. The round was led by Bain Capital Ventures with participation from Redpoint Ventures, Fontinalis Partners, Basis Set Ventures, and Neo. In conjunction with the funding, Bain Capital Ventures partner Ajay Agarwal joined Ike’s board. The company intends to use the funds… Continue reading Ike Raises $52M in Series A Funding
8 Ways Lidar Brings Mobile Robots to Life
February 6, 2019 Knightscope autonomous security robot with a Velodyne Lidar Puck, image courtesy of Knightscope The landscape of robotics business applications is evolving. Robots are being called upon to handle a broader variety of tasks. They are expanding beyond roles as stationary workhorses in areas such as manufacturing to become mobile machines that address a wider array of… Continue reading 8 Ways Lidar Brings Mobile Robots to Life
Daimler cuts dividend as downturn, R&D costs hit Mercedes
STUTTGART (Reuters) – Daimler cut its dividend on Wednesday after fourth-quarter operating profit plunged by 22 percent, hit by trade wars, rising costs for developing electric cars and an industry downturn that has dented even the most profitable carmakers. Daimler said the return on sales at Mercedes-Benz cars fell to 7.3 percent in the fourth… Continue reading Daimler cuts dividend as downturn, R&D costs hit Mercedes
UK moves towards driverless car tests without safety drivers
The UK government has announced it’s working on a process to support so-called ‘advanced trials’ of autonomous vehicles — i.e. trials without human safety drivers. It also says it will be beefing up the existing Code of Practice for testing driverless cars to provide a framework to support the evolution of the tech, saying it’s on… Continue reading UK moves towards driverless car tests without safety drivers
GM Reports Another Strong Year of Earnings
DETROIT, Feb. 6, 2019 /PRNewswire/ — General Motors Co. (NYSE: GM) today reported strong 2018 full-year earnings. Results were driven by strong pricing, surging crossover sales, growth of GM Financial earnings, disciplined cost control and the successful launch of the company’s all-new full-size pickup trucks: the Chevrolet Silverado and GMC Sierra. Full-year 2018 results: EPS-diluted… Continue reading GM Reports Another Strong Year of Earnings