Waymo raised $2.25 billion in its first external investment round.
The investment round was led by Silver Lake, Canada Pension Plan Investment Board, and Mubadala Investment Company. Additional investors included Magna International, Andreessen Horowitz, AutoNation and Alphabet.
“Waymo is the proven leader in self-driving technology, is the only autonomous vehicle company with a public ride-hailing service, and is successfully scaling its fully driverless experience,” says Egon Durban, co-CEO, Silver Lake, and nominee for Waymo's Operating Board.
“We’re deeply aligned with Waymo’s commitment to making our roads safer, and look forward to working together to help advance and scale the Waymo Driver in the U.S. and beyond.”
Autonomous Vehicles
Autonomous Vehicles
UToledo awarded grant to purchase new equipment to train students in autonomous vehicle tech, robotics
Thanks to a $474,287 grant from the state of Ohio, the University of Toledo (UToledo) will purchase new state-of-the-art equipment to train students in the areas of autonomous vehicle-sensing technologies, robotics and vision-based systems for automation.
The grant is part of $975,000 in funding in the region and $8 million across the state through the Department of Higher Education’s Regionally Aligned Priorities in Delivering Skills (RAPIDS) program for universities, community colleges and technical career centers to work together to improve education and job preparedness in different fields of strategic importance for Ohio employers.
City of Fremont, California, Pony.ai launch autonomous vehicle pilot program for city employees
On Monday, Feb. 24, the City of Fremont, California and Pony.ai launched a pilot program that uses Pony.ai’s shared, on-demand, autonomous last-mile service to provide rides for a group of City employees.
Participating employees will be transported from Fremont’s Amtrak/ACE Station to City Hall and City of Fremont Development Services Center via Pony.ai’s autonomous vehicles, which have a safety operator present in each vehicle to ensure safe and smooth navigation of complex road scenarios.
Each vehicle is equipped with Pony.ai’s full-stack autonomous driving technology, which serves as the “brains” of the vehicle. The technology is also expected to serve as a building block to the future Smart City, the entities say.
Pony.ai raises $400 million from Toyota to advance development of autonomous driving tech
Autonomous driving company Pony.ai has raised $400 million from Toyota Motor Corporation, which will be used to advance the companies’ joint efforts in autonomous driving technology development and mobility service deployment. The new funding totals $462 million and puts Pony.ai’s valuation at just over $3 billion.
An extension of a business partnership that Pony.ai and Toyota established in 2019, the latest strategic investment will expand the partnership’s scope of collaboration, as the companies will not only co-develop autonomous driving technology, but they will also look beyond the vehicle itself to explore further possibilities on mobility services.
Robotic Research to begin testing fully autonomous shuttles without onboard attendants
Starting in the second quarter of 2020, Robotic Research LLC will begin testing fully autonomous low-speed shuttles that are totally unmanned.
Daimler Trucks, Torc Robotics expanding testing of automated truck technology to new public routes in the U.S.
After completing initial mapping of additional routes, Daimler Trucks and Torc Robotics have announced plans to expand their testing of automated truck technology to new public routes in the U.S.
Robotic Research supports launch of international deployments of Local Motors' Olli autonomous shuttle
Robotic Research LLC has announced that its team recently supported the launch of two new international deployments of Local Motors’ Olli autonomous shuttle.
Both deployments support campus-based pilot programs, including at the International Training Centre of the International Labour Organization (ITCILO) in Turin, Italy, and the King Abdullah University of Science and Technology (KAUST) in Saudi Arabia.
