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Lidar and perception startup Innoviz raises $132 million

sudshr47 March 26, 2019 Startups

Innoviz, the Israel-based startup developing solid-state lidar sensors and perception software for autonomous vehicles, has raised $132 million in a Series C funding round that includes major Chinese financial institutions. The round, which makes Innoviz one of the better capitalized lidar startups, includes China Merchants Capital (SINO-BLR Industrial Investment Fund, L.P.), Shenzhen Capital Group and […]

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Waymo plans to open a self-driving car factory in Michigan

sudshr47 January 22, 2019

Waymo and Magna plan to build thousands of self-driving cars at a factory in southeast Michigan, including autonomous versions of the all-electric Jaguar I-Pace and Chrysler Pacifica Hybrid minivan. Waymo, the former Google self-driving project that spun out to become a business under Alphabet, announced Tuesday that the Michigan Economic Development Corporation voted to approve […]

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Self-driving shuttle startup May Mobility partners with auto supplier Magna

sudshr47 June 13, 2018 Startups

Magna, one of the largest tier-one automotive industry suppliers in the world, has teamed up with Michigan-based startup May Mobility for the building and deployment of self-driving shuttles. The plan is to scale May Mobility’s self-driving shuttle fleet across the U.S. The initial fleet will debut for passengers on June 26 in Detroit, Mich. What […]

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BMW is working with LiDAR company Innoviz to make self-driving cars

sudshr47 April 26, 2018

BMW has already made clear its intent to launch self-driving cars by 2021. Now, the automaker has decided on solid-state LiDAR (Light Detection and Ranging) sensors and computer vision tech from startup Innoviz to enable its Level 3 – 5 autonomous vehicles to “see” their surroundings. For clarity, level 3 involves highly-automated driving, level four […]

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Uber said to be negotiating sale of self-driving tech to Toyota

sudshr47 March 19, 2018

Uber might begin selling its autonomous driving systems to outside companies, including major automakers, according to a new report from Japan’s Nikkei. The report claims that Uber has had talks with Toyota regarding supplying the automaker with self-driving tech, and that the two are currently in negotiations around how this would work, with talk of […]

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Lyft is building a self-driving platform with auto supplier Magna

sudshr47 March 14, 2018

Lyft is partnering with Magna, one of the largest tier one automotive industry suppliers in the world, on autonomous vehicle technology. Lyft CEO and co-founder Logan Green explained that this will help them get their self-driving tech into various automaker vehicles around the world. Lyft will be working directly with Magna on “co-developing” an autonomous driving […]