Livermore, Calif.-based Monarch Tractor, a driver-optional, electric smart tractor manufacturer, has raised $20 million.
Seoul, South Korea-based autonomous vehicle simulation startup Morai has raised $1.8M in a Series A funding round.
After landing in Miami-Dade in 2018 with a fleet of self-driving cars, Ford announced Monday that it plans to broaden its presence there, writes Rob Wile. Here is the link: https://www.miamiherald.com/news/business/article246728241.html
Tesla CEO Elon Musk personally offered up to $100 million in indemnity coverage for officers and directors of the company, writes Lora Kolodny. Here is the link: https://www.cnbc.com/2020/10/26/tesla-paid-elon-musk-millions-for-90-days-indemnification-insurance.html
Einride, the Swedish autonomous trucking startup, unveiled a new vehicle type that the company hopes to have on the road delivering freight starting in 2021, writes Andrew Hawkins. Here is the link:...
Israel-based DriveU.auto, developers of connectivity platform for autonomous vehicle teleoperation, has raised $4 million.
Amazon has signed an agreement to acquire Zoox, a California-based company working to design autonomous ride-hailing vehicles from the ground up.
The new internal organization will develop most of VW Group's car and cloud-based software, unifying the brands with a VW.OS platform, writes Antuan Goodwin. Here is the link: https://www.cnet.com/roadshow/news/volkswagen-car-software-division-begins-operation/
Intel has acquired Moovit, a mobility-as-a-service (MaaS) solutions company, for approximately $900 million.
Hoverfly, manufacturer of the LiveSky tethered drones, has been awarded a $10 million sole-source contract by a U.S. government agency.
VW will invest $2.6 billion in Argo AI, the Pittsburgh based autonomous vehicle startup backed by Ford, writes Andrew J. Hawkins. Here is the link: https://www.theverge.com/2019/7/12/20690722/ford-vw-alliance-self-driving-argo-investment-valuation
The Beijing-based tech giant today unveiled Apollo Lite, a vision-based framework that leverages multiple cameras to achieve level 4 autonomous driving — that is, operation with limited human oversight under select...
The U.S. Postal Service (USPS) is experimenting with self-driving trucks to move mail across state lines, writes Vanessa Romo. Here is the link: https://www.npr.org/2019/05/21/725524334/u-s-postal-service-is-testing-self-driving-trucks
Uber spent $457 million last year on research and development of autonomous vehicles, flying cars (known as eVTOLs) and other “technology programs”, writes Kirsten Korosec. Here is the link: https://techcrunch.com/2019/04/11/uber-spent-457-million-on-self-driving-and-flying-car-rd-last-year/
The service ran its first flight Tuesday, at North Carolina–based WakeMed’s hospital in Raleigh, using Matternet’s compact M2 quadcopter, writes Eric Adams. Here is the link: https://www.wired.com/story/ups-matternet-drone-delivery-north-carolina/