…Series B funding. Inceptio raised $270 million in its Series B in August. In July, Aurora Innovation announced a $1 billion SPAC merger, and in June, Embark Trucks said it expected to raise $614 million in a SPAC deal. Waymo raised $2.4 billion in funding in June as it continues to develop the Waymo Driver for autonomous vehicles ranging from ride-hailing cars to vans and trucks.
…local developers of self-driving vehicles, such as Aurora, Motional, TuSimple, and Uber? “I think competition is great—if there wasn't any, this would be an isolated industry,” replied Mitra. “We believe we're in the nascent phases of where technology can make an impact in healthcare. When it comes to talent acquisition, it comes down to where people want to apply their education and help others.” Smith+Nephew's “three pillars” at its Pittsburgh site. Source: Smith+Nephew Investing in the future of surgical robotics…
…Other significant transactions involving autonomous trucks this year include TuSimple's $1 billion IPO in April, Aurora Innovation's $1 billion SPAC deal in July, Embark Trucks' $614 million SPAC purchase in June, and Inceptio Technology's $270 million Series B round in August. Plus has other technology relationships with venture studio Good Machine and Teledyne FLIR, among other U.S.-based companies. It also announced an expansion in Europe last month.
…11/4/2021 TuSimple San Diego 1,081 IPO 4/7//2021 Aurora Pittsburgh 1,000 SPAC 7/15/2021 Plus Cupertino, Calif. 920 SPAC, IPO 6/23/2021 WeRide Guangzhou, China 620 Series B, C 6/23/2021 Embark San Francisco 614 SPAC 6/23/2021 Level 5 San Francisco 550 Acquisition 4/26/2021 The global market for autonomous vehicles will experience a compound annual growth rate (CAGR) of 14%, growing from $719.94 billion in 2020 to $1.3 trillion in 2025, according to Research and Markets. Facts and Factors forecast a 22% CAGR for…
Aurora this week released the first commercial beta of its Aurora Driver, which consists of the hardware, software, and data services needed to safely operate autonomous vehicles. The beta is currently hauling loads between Dallas and Houston in a commercial pilot of Aurora Horizon, a suite of subscription services to help carriers and fleet owners move goods more safely and efficiently. Founded in 2017, Aurora said its mission is to deliver the benefits of self-driving technology safely, quickly, and broadly.…
…Development Research, landed in Japan. In September, FedEx announced a collaboration with the self-driving startup Aurora Innovation Inc. and heavy-duty vehicle manufacturer PACCAR Inc. to test autonomous trucks in the U.S.
…norm and paving the way for advanced air mobility.” FedEx has also recently partnered with Aurora Innovation and PACCAR on testing autonomous trucks, Berkshire Grey for small package processing, and Nuro for delivery robots. It previously partnered with Alphabet's Wing Aviation unit on a drone-delivery pilot in Christiansburg, Va.
…announced that it has teamed up with Aurora Innovation Inc. and FedEx Corp. to launch a commercial pilot of autonomous trucks in line-haul trucking operations. The companies claimed that their collaboration is the first of its kind among a truck manufacturer, a self-driving technology developer, and a logistics provider, respectively. “PACCAR is pleased to partner with industry leaders FedEx and Aurora on this innovative project,” said John Rich, chief technology officer at Bellevue, Wash.-based PACCAR. The company designs, manufactures, and…
…at low speed is really important. Waymo, Aurora, and Tesla are working hard, but safe operations with 20,000 lb. moving at 70 mph are much more difficult than the 10 to 15 mph average in cities, which have congestion and have been lowering speed limits for safety. This also changes consumer ideas about owning a car versus ride sharing. Speaking of ride sharing, what's the difference between autonomous shuttles and robotaxis? Harrington: We're finding the right balance between cost and…
…plus continuing market consolidation. Self-driving technology company Aurora yesterday announced that it has agreed to merge with Reinvent Technology Partners Y and that it plans to be publicly traded upon closing of the proposed transaction. “Our goal at Aurora is to make the movement of goods and people more equitable, productive, dependable, and—crucially—much safer than it is today,” stated Chris Urmson, co-founder and CEO of Aurora. “By combining with Reinvent and with this incredible group of investors, we are even…
…the 1980s, and it is home to Aurora, which recently acquired Uber’s Advanced Technology Group (ATG). “As a longstanding center of innovation, we are proud to call Pittsburgh home and to work alongside the region’s diverse talent and technology industry leaders to create real value for everyday applications, including mobility and transportation,” said Peter Rander, co-founder and president of Argo AI, which is working with Ford and Volkswagen to launch autonomous ride-hailing and delivery services. The autonomous vehicle company has…
…and fixed industrial scanners. Both use Zebra Aurora, a unified software platform that the company said is easy to set up, deploy, and run. Zebra claimed that its machine vision can help reduce defects as well as validate assembly and tracking information to improve productivity and quality. “Zebra Aurora is focused on entry-level and midlevel machine vision challenges, while Adaptive Vision is focused on high-end customers,” Montanari told Robotics 24/7. “We expect to keep investing in the different software platforms,…
