Connected and Autonomous Vehicles:
🤔 GM Abandons Cruise Robotaxi Business, Steers Self-Driving Technology Into ADAS. “After spending $10 billion, General Motors GM 0.55%↑ is quitting the self-driving robotaxi business and will apply the know-how to the company’s regular vehicles.”
😮 Cruise Founder Calls GM ‘A Bunch of Dummies’ After Automaker Shuts Down Robotaxi Startup.
📌 Harman to Spearhead Samsung’s Automotive Solutions Business. “Samsung Electronics will bolster cooperation in in-vehicle technology with its fully owned US subsidiary Harman International Industries to lead the burgeoning automotive electronics market, forecast to grow to $470 billion in 2030.”
💰 Swiss Self-Driving Car Firm Embotech Raises $27 Million. “Zurich company plans to expand its Automated Vehicle Marshalling and Autonomous Terminal Tractor solutions in Europe, and ultimately in the United States, Middle East, and Asia.”
🌍 Waymo Outsources Fleet Operations to African Fintech Moove in Phoenix and, Soon, Miami. “Waymo is partnering with Moove, an African mobility fintech that offers vehicle financing to gig workers, to handle fleet management operations for its robotaxi service in Phoenix and, soon, Miami.”
🚙 myQ and Kia America to Deliver Advanced In-Vehicle Smart Access. Chamberlain Group‘s myQ has partnered with Kia America for the Kia myQ Connected Garage, which opens or closes a garage door based on the vehicle’s proximity via geofencing.
🚘 Techstars and WirelessCar Partner for Connected Vehicle Services. “The Techstars and WirelessCar Connected Mobility Innovation Program will create a pathway for early-stage and aspiring entrepreneurs interested in future mobility to progress on their entrepreneurial journey.”
