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Automaker Stellantis and Chinese autonomous vehicle company Pony.ai have signed a nonbinding agreement to build robotaxis for deployment in Europe. The collaboration will integrate Pony’s self-driving software into Stellantis’ electric medium-size van platform, which is built with advanced sensors to support autonomous vehicles. The companies plan to first deploy test vehicles based on the…
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Electric aircraft startup Lilium may have ceased operations a year ago, but its insolvency filing wasn’t quite the end of the German-based company. There were multiple failed attempts to restructure the company, including a last-ditch effort by Mobile Uplift Corporation, a company set up by investors from Europe and North America, to acquire the operating…
The sprawling metropolis of Phoenix continues to be a testbed for Waymo, and not just on the technical front. The Alphabet-owned company has used its first testing and commercial market to experiment with its business model, too, including delivery. Waymo is known for its robotaxis, but it has tested how its tech could be used…
Electric aviation startup Beta Technologies has priced shares for its initial public offering between $27 and $33, in hopes of raising as much as $825 million, according to a regulatory document filed with the U.S. Securities and Exchange Commission. If the company attracts investors at the top of that range it will debut with a…
Waymo said on Wednesday it will offer a commercial robotaxi service in London in 2026, marking the Alphabet-owned company’s second international expansion following Tokyo. The announcement follows weeks of speculation fueled by a couple of London-based job postings. Waymo already has ties to the U.K: In 2019, the company acquired Latent Logic, a U.K. startup…
Stellantis, the international automaker that owns Chrysler, Jeep, and Ram, said it will invest $13 billion to beef up its U.S. manufacturing over the next four years as part of a broader revival plan directed by its new CEO. Five new vehicles will be developed and produced through 2029 as part of the investment into…
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Airbound, an Indian drone startup, has raised $8.65 million in seed funding led by Physical Intelligence co-founder Lachy Groom, as it begins a drone-delivery pilot with a private hospital and works toward one-cent delivery using its ultra-light, blended-wing-body aircraft. The seed round includes participation from Humba Ventures and Airbound’s existing investor Lightspeed Venture Partners, as…