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Kenworth Truck Co. skipped the fanfare in debuting its proof-of-concept Level 4 autonomous truck at CES 2020 because the Paccar Inc. (NASDAQ: PCAR) brand is focused on learning what to expect from automated driving. "We have a pretty good plan and it's going to take a lot of validation work once... Read More...
Courtesy of Walmart This story is available exclusively to Insider subscribers. Become an Insider and start reading now. Venture-capital firms have invested $40 billion in companies developing automated-driving technology since 2000, according to Pitchbook. Insider analyzed Pitchbook data to determine which VC firms have made the most investments in autonomous driving. Trucks Venture Capital took the top spot, with 20 investments in startups working on self-driving tech. The race to develop self-driving cars has attracted a sle...
SHARE Nuro Inc. said today it has been granted permission to operate its autonomous delivery vehicles on California’s roads after receiving a permit from the state’s Department of Motor Vehicles. The announcement came just hours after Nuro said it had acquired a company called Ike Robotics Inc., a self-driving truck startup that focuses on delivering long haul freight. Nuro is one of the best-funded startups in the autonomous driving market, having raised about $1.5 billion in total, with its most recent $500 million funding round led by T. Rowe Price Associates in November. The company i...