Search Results: geely

Volocopter Raises $182M in Second Signing of Series E Funding for Urban Air Mobility

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…base. GLy is backed by Geely Holding, a long-term partner of Volocopter. In their joint venture, Geely and Volocopter aim to bring UAM to China. With its high density of megacities, the companies said they expect China to become one of the largest markets for electric air taxis. “Volocopter’s vision encompasses industrial short- and medium-range commercial passenger applications to bring…

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JIDU, Baidu’s Smart Car Unit, to Apply $400M Series A Toward Mass Production

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…products that exceed expectations.” Baidu, Geely finance talent growth Baidu and its strategic partner, multinational auto manufacturer Zhejiang Geely Holding Group, backed JIDU's Series A round. JIDU said it will use the funding to hire talent, especially in fields including advanced autonomous driving, smart cockpit, and smart manufacturing. The company also plans to build up marketing and user support operations.…

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Alibaba Group Buys Stake in Autonomous Robotaxi Firm DeepRoute

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…collaborated with Dongfeng Motor and Geely Automobile on robotic taxicabs. The company claimed that it was the first to test 20 robotaxis with human safety drivers in Shenzhen, China. It said it has driven more than 1 million miles on urban roads. In addition, DeepRoute is partnering with Cao Cao Mobility to deploy “a couple hundred” robotaxis during the 2022…

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ZongMu Raises $190M Series D for Autonomous Driving and Parking

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…Group, Chang'an Automobile, FAW Group, Geely, and Li Auto. ZongMu focuses on autonomous parking ZongMu's products include the SurroundView vision system, the ZATLAS learning and simulataneous localization and mapping (SLAM) technology, and the ZEALOUS cloud-based autonomous driving system. In addition to wireless charging for electric vehicles, ZongMu is working on Level 4 autonomous parking as a service. The company claimed…

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Volocopter and Near Earth Autonomy to Test VoloDrone Autonomous Flight Capabilities

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…equity from investors including Daimler, Geely, DB Schenker, BlackRock, and Intel Capital. Near Earth’s technology allows aircraft to autonomously take off, fly, and land safely, with or without GPS. The Pittsburgh-based company said its systems enable aerial mobility and drone inspections for the commercial and defense sectors. Near Earth said it bridges the gap between aerospace and robotics with systems…

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