SoftBank leads $1 billion funding for UK self-driving startup Wayve
by ETtech.com
ETtech.com— British self-driving technology startup Wayve said on Tuesday it has raised $1.05 billion in a funding round led by SoftBank Group to accelerate the development and launch in production-model vehicles of its Embodied AI technology that can learn from and adapt to human behavior. Nvidia also contributed in the Series C funding round as a new investor, as did existing investor Microsoft. The latest funding brings Wayve's total funds raised to just over $1.3 billion and marks the largest...
CNBC—Self-driving startup Wayve just raised $1 billion from Nvidia, SoftBank, Microsoft and more. Wayve, the British self-driving car startup, said on Tuesday that it had raised $1.05 billion in an investment led by Japan's SoftBank.
Egyptian Streets—Egypt Explores $1.2 Billion Climate Funding With IMF. Egypt’s Ministry of Environment and the International Monetary Fund (IMF) met on 18 May to discuss a USD 1.2 billion (EGP 56.1 billion) long-term package to bolster the country’s climate policies and projects. This potential financing comes in light of the USD 8 bn (EGP 374 billion) expanded facility agreement in March 2024, which allows Egypt to apply for additional funding to combat climate change. The climate financing package falls under the IMF’s Resilience and Sustainability Facility,...
TechCrunch—VCs and the military are fueling self-driving startups that don't need roads. A new crop of early-stage startups — along with some recent VC investments — illustrates a niche emerging in the autonomous vehicle technology sector. Unlike the companies bringing robotaxis to city streets, these startups are taking their tech off-road. Two recent entrants — Seattle-based Overland AI and New Brunswick-based Potential — are poised to get […] © 2024 TechCrunch. All rights reserved. For personal use only.