Weekly Connected and Autonomous Vehicle News

Connected and Autonomous Vehicles: Overland AI Secures $10 Million in Funding Overland AI has secured $10 million in seed funding, led by Point72 Ventures with participation from Shasta Ventures, Ascend VC, Pioneer...

Swift Navigation Partners With SK Telecom

Swift Navigation this week announced a partnership with SK Telecom SKM -1.46%↓ to launch AI-powered, location products in the Republic of Korea.  The companies have designed and deployed, and...

Feds Open Investigation of Autonomous Vehicle Companies

Biggest series of investigations since the advent of autonomous driving… It’s been a tough couple of weeks for autonomous vehicle companies as the National Highway Traffic...

Weekly Connected and Autonomous Vehicle News

Connected and Autonomous Vehicles: 💲 Waymo Says Its Robotaxis Are Now Making 50,000 Paid Trips Every Week. “The Alphabet-owned company has announced on Twitter/X that it's now serving more than 50,000 paid...

Mapbox Touts Springs Product Rollouts

Among several spring release products and enhancements, Mapbox says its Mobile Maps SDK Flutter Plug-in and advancements in Search Box API are the most important new features for developers.  Search Box,...

Weekly Connected and Autonomous Vehicle News

💰 Wayve Raises Over $1 Billion. “Wayve has announced a $1.05 billion Series C investment round led by SoftBank, with contributions from new investor NVIDIA NVDA -1.31%↓ and existing investor Microsoft MSFT 0.71%↑. to...

Weekly Connected and Autonomous Vehicle News

Connected and Autonomous Vehicles: 🚗 Tesla CEO Musk Visits China. “Tesla CEO Elon Musk met with a top government leader in the Chinese capital Sunday, just as the nation’s...

Mercedes-Benz First To Offer Level 3 Autonomous Driving For Sale in...

Two types of sedans come with Drive Pilot that doesn’t require users to keep eyes on road Mercedes-Benz has become the first automaker to offer Level...

Millions in Lawn Mowers?  u-blox Anticipates $100 Million in Sales

Saying it has partnered with the majority of robotic lawn mower manufacturers, Thalwil, Switzerland-based u-blox anticipates more than $100 million in expected market segment revenue.  The...

TomTom Tops Counterpoint’s Location Applications and Services Rankings

Saying HERE Technologies and Google GOOG -1.84%↓ have slipped into second and third place, respectively, TomTom came out on top in Location Applications and Services category of Counterpoint’s latest Location Platform Effectiveness Index. The...

Weekly Connected and Autonomous Vehicle News

Connected and Autonomous Vehicles: 💲 Tesla Cuts Price of Full Self-Driving Software by a Third to $8,000. “Tesla TSLA -1.64%↓ slashed the price of its Full Self-Driving (FSD) driver assistant software...

TomTom Posts Operating Loss as Auto Sales Slow

Citing slow car sales in Europe and North America, TomTom  reported a wider-than-expected loss in the first quarter. "In the first quarter of 2024, revenue was comparable to...

Weekly Connected and Autonomous Vehicle News

Connected and Autonomous Vehicles: 🚕 Mercedes Joins Forces With Bosch To Develop Self-Driving Taxis. “The pact between the world's largest maker of premium cars and the world's...

Tesla to Launch Robotaxi This Summer

Elon Musk has announced that Tesla will roll out its own robotaxi this summer.  In an X post, the entrepreneur said he would unveil the car on Aug. 8. Musk...

Weekly Connected and Autonomous Vehicle News

Connected and Autonomous Vehicles: ☹ Apple Lays off 614 Workers After Ditching Self-Driving Car Project. 🚘 New York City to Allow Driverless Car Tests. “City officials said that...

Honeywell To Acquire Civitanavi Systems for $216 Million

Saying it plans to strengthen its autonomous operations and expand its European footprint, Honeywell HON 0.07%↑ this week announced its intention to acquire Italy-based Civitanavi Systems for about $216 million. ...

Companies Make Digital Twin Technology Transactions

Several companies this week have touted transactions that include digital twin development.  One company, Woolpert, has acquired Ireland-based Murphy Geospatial, which provides survey, mobile and indoor mapping,...

Weekly Connected and Autonomous Vehicle News

Connected and Autonomous Vehicles: 💲 Porsche, Lamborghini, and Bentley To Use Mobileye's Autonomous Tech. “The second largest car manufacturer in the world (after Toyota) will acquire partial and...

How Can Autonomous Vehicles Navigate When GNSS Isn’t Working? What...

By Aaron Nathan First, what is dead reckoning? It has nothing to do with death or dead people For many centuries, travelers have used “Dead reckoning”...

ESA Awards Three Contracts Worth $253 Million for Navigation Missions

ESA's FutureNAV program includes Genesis and LEO-PNT The European Space Agency this week awarded $253 million for three contracts that fund two satellite navigation missions.  The navigation...