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
News Commentary | June 14, 2021
This announcement comes after Toyota AI Ventures rebranded itself to Toyota Ventures. Its $300 million investment will be split into two $150 million early‑stage funds: the Toyota Ventures Frontier Fund and the Toyota Ventures Climate Fund. The Climate Fund will be used to invest in early‑stage ... Not part of subscription
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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