News Commentary | February 21, 2020
Grab's Series H that started in 2018 has now trickled into a new decade with new investor, Japanese bank Mitsubishi UFJ Financial Group (MUFG), ready to invest $700 million. The Series H that started with a $3 billion goal in 2018 quickly ballooned to $6.5 billion in Q2 2019 and is one of the most ... Not part of subscription
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.
by Yuan-Sheng Yu
Yesterday, Elon Musk tweeted that he will donate $100 million to the developer of the "best carbon capture technology." While Musk is known for his Twitter antics, this one caught our eye for two reasons. First, $100 million for a single startup will be one of the largest rounds to date for a carbon capture startup. Carbon Engineering raised $68 million in 2019, and Climeworks raised $110 million in 2020; however, both were through a group of investors. Second, because of Musk's futurist philosphy, the "winning" startup will likely be developing direct air capture, leaving only a few potential candidates. We expect carbon capture to raise record funding in 2021, and this is unlikely to be the last major funding for the technology this year.
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