Aurora Innovation has christened the nation’s first commercial autonomous freight route between Dallas and Houston. But its timing could have been better.
“With this corridor’s launch, we’ve defined, refined, and validated the framework for the expansion of our network with the largest partner ecosystem in the autonomous trucking industry,” Sterling Anderson, an Aurora co-founder and chief product officer, said in a news release.
The choice of the Interstate 45 route was expected. Aurora has...
This week we’re looking at the plethora of lidar companies chasing autonomous vehicle business; asking three questions of Torc Robotics CEO Michael Fleming; and circling the globe with new business announcements. Plus, some people, places and things. Starting next Friday, Truck Talk will be delivered by email if you subscribe at: https://www.freightwaves.com/truck-talk.
Business for all?
Lidar, which stands for light detection and ranging, is a critical element of autonomous vehicles. The...
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Waymo, the autonomous driving unit of Alphabet, announced Tuesday that it has raised a further $750 million in external investment. This investment is right behind the $2.25 billion financing the company raised in March — its first-ever non-Alphabet investment.
Waymo’s idea of raising $3 billion in external investment when its parent company is cash-rich Alphabet might raise some eyebrows. However, companies like Waymo and Cruise, the autonomous vehicle (AV) unit of General Motors, going for...