Connected and Autonomous Vehicles:
🚍 Self-Driving Truck Startup Aurora Innovation Raises $483 Million in Share Sale Ahead of Commercial Launch. “The company, which had arranged to sell up to $420 million worth of shares, exceeded its goal and raised $483 million. The newly raised funds come a little over a year since Aurora completed a capital raise of $820 million from a public and concurrent private offering of its stock.”
🤷♂️ So You’ve Built a Robotaxi, Now Where’s Your Infrastructure? “Robotaxi maps will tend to be somewhat more detailed, including private parking lots, pick-up/drop-off spots, road signs and meanings, traffic signal geometry and special rules.”
🚙 Mercedes-Benz Gets the Ok To Begin Testing Its Level 4 Autonomous Driving Tech in China. “Mercedes-Benz has been certified to begin testing its Level 4 autonomous driving technology in Shanghai, China.”
🚗 Japan Rivals Nissan and Honda Will Share EV Components and AI Research as They Play Catch Up. “Japanese automakers Nissan and Honda say they plan to share components for electric vehicles like batteries and jointly research software for autonomous driving.”
🤔 Hyundai Motor Mulls Connected Car Partnership With Google. “The South Korean auto group is deepening ties with global tech firms like Amazon AMZN 3.37%↑ and Baidu BIDU 6.14%↑ for future mobility technology.”
🙁 Innoviz Announces Receipt of Nasdaq Non-Compliance Letter. “Innoviz Technologies INVZ 4.37%↑ said it has received a notification from Nasdaq, indicating that the company no longer satisfies listing rules, based upon a closing bid price of less than $1 per share for the company’s ordinary shares for the prior 30 consecutive business day period.”
