Chinese transportation company, DiDi recently announced that it has completed a $500mn fundraising round for its self-driving unit. The funding round was led by Masoyoshi Son-led SoftBank’s Vision Fund 2. The ride hailing giant said in a statement that the round marked the first time DiDi’s self-driving business had brought in external funding since it…
Jeff Bezos-led online retail giant, Amazon reportedly is in advanced talks to buy self-driving startup Zoox Inc. The move is expected to expand the e-commerce giant’s reach in autonomous-vehicle technology According to a Wall Street Journal report, the deal will value Zoox at less than the $3.2bn. The self-driving startup has achieved a similar valuation…
Audi, a member of the Volkswagen Group that designs, engineers, produces, markets and distributes luxury vehicles announced on Tuesday that it will invest 14 billion euros ($15.95 billion) over the next five years on future transportation technologies such as electric mobility, autonomous driving, and digital services. In a statement, the German automaker said that the…