News Commentary | March 03, 2020
Magna joins a group of financial firms participating in Waymo's first external funding round, which serves as yet another reminder that AV development is wildly capital‑intensive (similar to other nonsoftware projects from X like Makani). Last year saw similar billion‑dollar investments (or more) ... To read more, click here.
News Commentary | November 09, 2020
This year is proving to be another big funding year for autonomous vehicles, which topped the leaderboard on our Foresight 2021 report. Chinese autonomous trucking company Inceptio raised $120 million, Pony.ai raised $267 million, and Nuro raised $500 million – all just in the past week. Of note, ... To read more, click here.
News Commentary | April 02, 2021
The company's CEO announced that Argo is "considering going public later this year or early next year." This news comes at the same time that other AV companies are also considering public listings. TuSimple has filed for an IPO, and Plus is reportedly pursuing a SPAC. It's not clear which path Argo... Not part of subscription
by Chad Goldberg
SoftBank and Legend Capital have reportedly contributed $150 million in outside funding to Didi's bike-sharing unit Qingju, an addition to the reported $850 million of internal funding from Didi itself. The move and amount are surprising considering the rocky history of bike-shares in China. However, the timing may be appropriate, as consolidations and bankruptcies have nearly normalized China's bike-share market to a point that may promote improved operations and competition. Additionally, in a time when commuters are wary of public transportation, Didi may view this as an opportunity to inject some cash in and reinvigorate an affordable mobility option that promotes social distancing, though Didi has not specify how funds will be used.
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