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Self-driving trucks startup TuSimple raises $350M from U.S. rail, retail and freight giants

Self-driving trucks startup TuSimple raises 0M from U.S. rail, retail and freight giants Self-driving trucks startup TuSimple has closed a $350 million funding round from a diverse consortium of strategic investors that include major U.S. corporations in rail, retail and freight, according to sources familiar with the deal.  The round, which was oversubscribed, […]

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Shop-Ware raises cash as cars make a comeback

Shop-Ware raises cash as cars make a comeback Shop-Ware has been waiting for a year like 2020 since 2015. The startup, which sells software to neighborhood automotive shops to digitize their operations, had struggled to capture capital from venture firms. Until recently, its sole major investor was aftermarket automotive giant Bosch. For […]

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Elon Musk would consider having Tesla acquire a legacy automaker

Elon Musk would consider having Tesla acquire a legacy automaker Elon Musk would consider leveraging Tesla’s mega $554 billion market cap to buy a legacy automaker, but only if it was on friendly terms, the billionaire entrepreneur said Tuesday in a wide-ranging interview with Axel Springer CEO Mathias Döpfner. Musk, who received […]

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Scale AI hits $3.5B valuation as its turns the AI boom into a venture bonanza

Scale AI hits .5B valuation as its turns the AI boom into a venture bonanza Scale AI, the four-year-old data labeling startup, has discovered that selling the picks and shovels needed to develop and apply artificial intelligence is big business. The company, which created a visual data labeling platform that uses software […]

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EV bus and truck maker The Lion Electric to take SPAC route to public markets

EV bus and truck maker The Lion Electric to take SPAC route to public markets Canadian electric truck and bus manufacturer The Lion Electric Company said Monday it plans to become a publicly traded company via a merger with special-purpose acquisition company Northern Genesis Acquisition Corp. The combined company, which will be […]

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Mobileye taps Luminar to supply lidar for its robotaxi fleet

Mobileye taps Luminar to supply lidar for its robotaxi fleet Luminar, the buzzy sensor startup that is on the verge of becoming a publicly traded company, locked in a supplier deal to furnish Intel subsidiary Mobileye with lidar for its fleet of autonomous vehicles. The deal, announced Friday, will see a rising […]

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Robotaxi companies get the green light to charge for rides in California

Robotaxi companies get the green light to charge for rides in California Companies that launch robotaxi services in California will be able to charge for and offer shared driverless rides as long as they can navigate a new government approval process that some in the industry argues adds unnecessary bureaucracy that could […]

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Arrival becomes latest electric vehicle startup to test the public markets with a SPAC

Arrival becomes latest electric vehicle startup to test the public markets with a SPAC Arrival has gone from stealthy electric vehicle startup to prospective public company in a span of a year. The UK-based company, which operated in relative secrecy for several years until January when it announced a $110 million investment […]

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Uber in talks to sell ATG self-driving unit to Aurora

Uber in talks to sell ATG self-driving unit to Aurora Eighteen months ago, Uber’s self-driving car unit, Uber Advanced Technologies Group, was valued at $7.25 billion following a $1 billion investment from Toyota, DENSO and Softbank’s Vision Fund. Now, it’s up for sale and a competing autonomous vehicle technology startup is in […]

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Rivian electric pickup will debut with three editions, with a cheaper one to follow

Rivian electric pickup will debut with three editions, with a cheaper one to follow Rivian is opening up pre-orders for three editions of its upcoming electric pickup truck and SUV that start as low as $67,500 and with a battery range of more than 300 miles. However, more options will follow, including […]

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