Weekly Connected and Autonomous Vehicle News

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Connected and Autonomous Vehicles:

😮 Tech Giants Invest $200 Million in Waabi for Fully Driverless Trucks“In an announcement on Tuesday, Waabi stated that it had raised $200 million in an oversubscribed Series B round, led by Uber UBER -0.20%↓ and Khosla Ventures. The funding round includes participation from strategic investors Nvidia NVDA -4.48%↓Volvo Group Venture CapitalPorsche Automobil Holding SEScania InvestIngka Investments and more.

💲 Bitsensing Raises $25 Million for Its High-Resolution Radar in Autonomous Driving. “The startup says its 4D imaging radar is not just for autonomous driving but can also be applied to smart cities and digital healthcare.”

🚗 Suzuki to Develop Self-Driving Micro Cars in $50 Million Partnership. “Suzuki is teaming with automated driving tech start-up TIER IV to develop self-driving micro cars. Local media in Japan have reported that Suzuki has committed to an investment of approximately 8 billion yen in TIER IV, which equates to $50 million.”

🙂 Seegrid Announces 1 Million Accident-Free Miles for Its Self-Driving Vehicles. “Seegrid’s vision-guided vehicles have logged more infrastructure-free miles at customer sites than any other infrastructure-free AGV company.”

🤷‍♂️ China Approves Autonomous Driving Startup Momenta’s US IPO. “Momenta plans to issue up to 63,352,856 ordinary shares and list on the Nasdaq Stock Market or the New York Stock Exchange, the regulator said in a statement.”

👉 NVIDIA Research Wins CVPR Autonomous Grand Challenge for End-To-End Driving. “NVIDIA was named an Autonomous Grand Challenge winner at the Computer Vision and Pattern Recognition conference.”

🛺 Beep Deploys Autonomous Shuttles at Honolulu Airport With PartnersBeep announced that it is working with the Hawaii DoT and Sustainability Partners to launch an 18-month self-driving shuttle pilot at Daniel K. Inouye International Airport.”

😕 Tesla’s New Version Of ‘Full Self-Driving’ Is Better, But FlawedFSD’s latest 12.4.1 version tries to improve the existing system, but misses the mark by a big margin, according to early reports from a handful of beta testers who have access to it.”


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