Tech Funding News ’s Post

Wayve's HUGE $1bn raise positions the company as a clear frontrunner in Europe's autonomous vehicles sector — but there's one big question that all AV startups are currently under pressure to answer: how will you make money? For Wayve's part, while it's been reported that the company is in talks with car makers, it hasn't announced any revenue generating deals yet. And it's still early days in terms of commercialising for several other startups in the sector. “For every AV company in Europe (and the world), there is a big sense of urgency to start generating revenues,” said Hendrik Kramer, founder of FERNRIDE. “In the next couple of years, we will see that there will be winners and losers in the industry.” So, where are startups going to fall in those two camps? I dug into the promise of AV tech — and the pressures to commercialise — here: https://lnkd.in/ePXDtGyw

Big Changes Ahead in ongoing 2024? The mobility market is set for massive transformations, from electric vehicles to autonomous driving. Startups, brace yourselves – higher interest rates and cautious investors could impact funding. https://lnkd.in/deYzFDCH   #Electrification #Innovation #SustainableMobility #RLEInternational

Autonomous technology startup Waabi has closed on a $200 million Series B round, led by existing investors Uber and Khosla Ventures. Strong strategic investors include NVIDIA, Volvo Group Venture Capital, Porsche Automobil Holding SE, Scania Invest and Ingka Investments. The round brings Waabi’s total funding to $283.5 million. Unlike Tesla's approach, The Waabi Driver has done most of its training, testing and validation using a closed-loop simulator called Waabi World that automatically builds digital twins of the world from data; performs real-time sensor simulation; manufactures scenarios to stress test the Waabi Driver; and teaches the Driver to learn from its mistakes without human intervention. In just four years, that simulator has helped Waabi launch commercial pilots (with a human driver in the front seat) in Texas, many of which are happening through a partnership with Uber Freight. Waabi World is also enabling the startup to reach its planned commercial fully driverless launch in 2025. https://lnkd.in/esqBZHMv

In Q2 2024, autonomous driving startups received $2.9B in funding, according to #PitchBook. This was self-driving technology’s strongest quarter since its peak in Q3 2021. Learn more: https://lnkd.in/gU9vu_qy #invest #investing #investment #startupinvesting #autonomousvehicles #selfdriving

Why are Nvidia, Uber, and Porsche backing Toronto's Waabi?   🚛💸 Exciting news alert! 🚛💸 #AutonomousTrucking #Waabi #Investment Did you hear about the recent $200 million funding round for Waabi, a Toronto-based autonomous trucking startup? 🤯 Companies like Nvidia, Uber, and Porsche have all invested in this innovative company, signaling a huge leap forward in the autonomous vehicle industry. 🚀 Here are some key points to discuss: - What impact do you th... Source: https://lnkd.in/dYGMeEMV #mymetric360

Why are Nvidia, Uber, and Porsche backing Toronto's Waabi?   🚛💸 Exciting news alert! 🚛💸 #AutonomousTrucking #Waabi #Investment Did you hear about the recent $200 million funding round for Waabi, a Toronto-based autonomous trucking startup? 🤯 Companies like Nvidia, Uber, and Porsche have all invested in this innovative company, signaling a huge leap forward in the autonomous vehicle industry. 🚀 Here are some key points to discuss: - What impact do you th... Source: https://lnkd.in/gessxkmf #mymetric360

🚀 **Unleashing the Future of Delivery: Nuro's Game-Changing Comeback!** 🚀 Nuro is back in the spotlight! 🌟 With fresh approval from the California DMV, they’re ready to test their advanced R3 autonomous delivery vehicle across four Bay Area cities. This pivotal moment is not just a victory; it’s an invitation to rethink the landscape of autonomous delivery! 🔍 **What does this mean for the industry?** Innovators can take inspiration from Nuro's resilience—facing setbacks and emerging stronger is part of the journey to success. How can YOU apply this tenacity in your own ventures? 🔑 **Key Takeaway:** Embrace challenges, innovate relentlessly, and explore untapped opportunities! 💬 **Thumbs up** if you see the future of delivery driven by autonomy! 👍 Or **thumbs down** if you think traditional methods still hold the edge! 👎 #AutonomousVehicles #Innovation #Nuro #Entrepreneurship #FutureOfWork #DeliverySystems #TechTrends #StartupSuccess #Resilience #GameChanger

Scoop: Phantom Auto, a remote driving startup that launched seven years ago amid the buzz of autonomous vehicle technology, is shutting down after failing to secure new funding, TechCrunch has learned. Read more from Kirsten Korosec on Phantom Auto shutting down here: https://tcrn.ch/3Iy1kWv #TechCrunch #technews #startup #autonomousvehicle

🚗 Autonomous vehicles driving up to the West 🤖 The Chinese autonomous driving startup WeRide is eager to enter the US, aiming for a valuation of $5.02 billion in its initial public offering in the country. ⛔ With many technological, practical and regulatory bumps along the road, autonomous driving has been advancing slowly in the US and the EU. 🌏 The promising WeRide has been developing autonomous driving technologies since 2017 and has commercial pilots in over 7 countries, including Singapore, China and Saudi Arabia. 🛣 With the expected barring of Chinese software in autonomous vehicles, WeRide might have a bleak future in the US. How will the company hit the road in other countries? Follow EQ+ for the latest updates on technology and international business between China and the EU! #China #ChinaBusiness #EU #US #WeRide #EQplus

Hold on to your digital hats, folks, because we've got a new article that's bound to intrigue! We've gone deep into the exploration of some remarkable UK-based startups who are shaking up the Autonomous Vehicles Industry. Innovative. Ground-breaking. Revolutionary. All words that sum up these startups and the work they're doing. Check out the full post here: https://lnkd.in/gqpSumUG Featuring: Sunswap, Founded by our own Andrew Sucis, Michael Lowe, and Nikolai Tauber. Furthermore, we've got Moose Scooters, Grayscale AI (NATO DIANA Innovator) making strides with its AI efficiency, founded by Dragos Stanciu, Hypermile changing up logistics with its proprietary tech, thanks to James Hennessey. But we're not done yet, as Inai Soft, founded by Stan Levandovsky, is revolutionizing business intelligence and automation with AI. Also, loveelectric, led by the dynamic Steve Tigar, is making electric vehicles more accessible to everyone. Moreover, the ingenious Autovia, initiated by Felix Dennis, is making big moves in the automotive industry. Rounding out our list is Sorair, a newly formed startup pushing the boundaries of supply chain systems and logistic services. Explore these companies and their contributions to the Autonomous Vehicles Industry in our latest article. See you there! #startups #UKstartups #autonomousvehicles #innovation #transportation #AI #machinelearning #electricvehicles #businessintelligence #supplychainsystems #logistics