{"id":276292,"date":"2021-06-16T18:31:44","date_gmt":"2021-06-16T15:31:44","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/the-state-of-the-autonomous-vehicle-industry-in-2021\/"},"modified":"2021-06-16T18:31:44","modified_gmt":"2021-06-16T15:31:44","slug":"the-state-of-the-autonomous-vehicle-industry-in-2021","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/the-state-of-the-autonomous-vehicle-industry-in-2021\/","title":{"rendered":"#The state of the autonomous vehicle industry in 2021"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a3e081a4e0cf\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a3e081a4e0cf\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/the-state-of-the-autonomous-vehicle-industry-in-2021\/#AD_system_majors_have_raised_billions_in_the_last_few_months\" >AD system majors have raised billions in the last few months<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/the-state-of-the-autonomous-vehicle-industry-in-2021\/#AD_system_majors_are_integrating_vertically\" >AD system majors are integrating vertically<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/buradabiliyorum.com\/en\/the-state-of-the-autonomous-vehicle-industry-in-2021\/#Aggregation_around_a_select_group_of_AD_system_majors\" >Aggregation around a select group of AD system majors<\/a><\/li><\/ul><\/nav><\/div>\n<p>&#8220;<strong>#The state of the autonomous vehicle industry in 2021<\/strong>&#8221;<\/p>\n<div><i><span>This article was written by Marc Amblard, Founder &amp; Managing Director, Orsay Consulting on <\/span><\/i><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/urbanmobilitycompany.com\/content\/daily\"><i><span>The Urban Mobility Daily<\/span><\/i><\/a><i><span>, the content site of the Urban Mobility Company, a Paris-based company which is moving the business of mobility forward through physical and virtual events and services. Join their community of 10K+ global mobility professionals by signing up for the<\/span><\/i><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/mailchi.mp\/58395d4d91a4\/subscribe-urban-mobility-weekly\"><i><span>Urban Mobility Weekly newsletter<\/span><\/i><\/a><i><span>. Read the original article<\/span><\/i><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.autonomy.paris\/en\/opinions\/concentration-funding-and-vertical-integration-in-the-av-space\/\"><i><span>here<\/span><\/i><\/a><i><span> and follow them on<\/span><\/i><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.linkedin.com\/company\/autonomy\"><i><span>Linkedin<\/span><\/i><\/a><i><span> and<\/span><\/i><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/AUTONOMY\"><i><span>Twitter<\/span><\/i><\/a><i><span>. <\/span><\/i><\/p>\n<p>Autonomous Vehicles (AV) hit the bottom of Gartner Hype Cycle\u2019s trough of disillusionment in 2019-2020. Since the middle of last year, we have observed an acceleration in funding and valuation which has led to a few acquisitions. More importantly, this is further singling out a few major players which accelerate their <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/technology\/\" data-internallinksmanager029f6b8e52c=\"4\" title=\"Technology\" target=\"_blank\" rel=\"noopener\">technology<\/a> development and the deployment of pilots. In addition, these select companies are aggregating an increasing number of OEMs, both light vehicles and heavy trucks, around them \u2014 the latter are shifting more of their focus to EVs and software development.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"AD_system_majors_have_raised_billions_in_the_last_few_months\"><\/span>AD system majors have raised billions in the last few months<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>In the past 9 months, five of the main autonomous driving system (ADS) developers have raised over $4B in total. Cruise benefited from the largest round with $2.75B raised largely from Microsoft and retail giant Walmart at a $30B valuation! Likewise, Aurora, Pony.ai, WeRide and Didi\u2019s AV entity each raised $300M to $400M in the last few months.<\/p>\n<p>We can also suspect that the OEMs that have engaged in partnerships with these companies (see below) have committed to making hefty financial contributions for the right to access the tech for pilots in the mid-term and for production in the longer term.<\/p>\n<p>Another path to raising funds is to go public. Sino-American autonomous trucking startup TuSimple was just introduced on the US stock market, raising about $1.1B at an $8.5B valuation. Similarly, Argo AI, in which Ford and Volkswagen each own 40%, is considering doing the same later this year. This could reduce the pressure on the two OEMs as Argo AI needs to secure its financial runway.<\/p>\n<figure class=\"post-image post-mediaBleed aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-1356948 js-lazy\" alt=\"AV, lidar, cars, future, autonomy\" width=\"1640\" height=\"1093\" sizes=\"auto, (max-width: 1640px) 100vw, 1640px\" src=\"https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2021\/06\/tusimple.jpg\" srcset=\"https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2021\/06\/tusimple.jpg 1640w, https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2021\/06\/tusimple-280x187.jpg 280w, https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2021\/06\/tusimple-405x270.jpg 405w, https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2021\/06\/tusimple-203x135.jpg 203w, https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2021\/06\/tusimple-796x531.jpg 796w, https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2021\/06\/tusimple-1592x1061.jpg 1592w\"\/><figcaption>Credit: <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.autonomy.paris\/en\/opinions\/concentration-funding-and-vertical-integration-in-the-av-space\/\">Autonomy Paris<\/a><\/figcaption><figcaption><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/thenextweb.com\/news\/#\" data-url=\"https:\/\/twitter.com\/intent\/tweet?url=https%3A%2F%2Feditorial.thenextweb.com%2Fshift%2F2021%2F06%2F16%2Fchanging-business-autonomous-vehicle-industry-syndication%2F&amp;via=thenextweb&amp;related=thenextweb&amp;text=Check out this picture on: Lidar companies will be big business in the AV space.\" data-title=\"Share Lidar companies will be big business in the AV space. on Twitter\" data-width=\"685\" data-height=\"500\" class=\"post-image-share popitup\" title=\"Share Lidar companies will be big business in the AV space. on Twitter\"><i class=\"icon icon--inline icon--twitter--dark\"\/><\/a>Lidar companies will be big business in the AV space.<\/figcaption><noscript><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-1356948\" src=\"https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2021\/06\/tusimple.jpg\" alt=\"AV, lidar, cars, future, autonomy\" width=\"1640\" height=\"1093\" srcset=\"https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2021\/06\/tusimple.jpg 1640w, https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2021\/06\/tusimple-280x187.jpg 280w, https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2021\/06\/tusimple-405x270.jpg 405w, https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2021\/06\/tusimple-203x135.jpg 203w, https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2021\/06\/tusimple-796x531.jpg 796w, https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2021\/06\/tusimple-1592x1061.jpg 1592w\"\/><\/noscript><\/figure>\n<p>Elsewhere in the AV space, Lidar companies have been very active on the financial front as well. At least six of them have gone public, reverse merging with SPACs and raising over $2B cumulatively over the last 9 months. They have taken advantage of the SPAC wave and of renewed hype in the AV space, managing to hike their valuation to between $1.4B and $3.4B.<\/p>\n<p>The above valuations benefit from a boom in financial markets but are difficult to justify, especially for Lidar startups which have a narrow value proposition and overl<a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>ing market ambitions. Nevertheless, these valuation enable significant cash injections (with limited dilution), which will accelerate the development of AV solutions for passengers and goods transportation.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"AD_system_majors_are_integrating_vertically\"><\/span>AD system majors are integrating vertically<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The large fund raising rounds also provide developers with the means to better master key components of their solutions. Whereas Waymo developed their own Lidars, radars and cameras in-house and specify their compute hardware, other have progressively integrated sensor startups. Last year, Cruise acquired Astyx (radar), complementing Strobe (Lidar) which was purchased in 2017. Similarly, Aurora gained control of Lidar-startups Blackmore (2019) and Ours (2020).<\/p>\n<p>ADS majors have also all developed their own simulation and mapping solutions and are specifying their compute platform in order to ensure optimal overall integration. Pure ADS players such as Waymo, Argo AI or WeRide will provide reference designs for the combination of sensors, compute and mapping tech to their vehicle OEM customers.<\/p>\n<p>For a few players, vertical integration goes beyond AD technology to include vehicles. On the passenger side, Cruise (with GM and Honda) and Zoox have presented their robotaxis and intend to operate the mobility business. Likewise Navya, Easymile and others launched their own autonomous shuttles years ago. On the goods transportation side, Nuro and Neolix have started operating their own last mile delivery vehicles.<\/p>\n<p>Earlier this year, Cruise made an interesting move with the acquisition of Silicon Valley-based Voyage, which can be considered downstream vertical integration. This cannot be justified by the latter\u2019s AD tech but rather by its market access \u2014 Voyage is operating autonomous shuttles in retirement villages in the USA. These locations will likely be used as test beds for Cruise\u2019s Origin robotaxi (above).<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Aggregation_around_a_select_group_of_AD_system_majors\"><\/span>Aggregation around a select group of AD system majors<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>OEMs have partially reallocated their AV R&amp;D budget to accelerate EV development, a must-have given CO2 regulations and market trends, as well as to build-up their software capabilities, another critical move. Given the sums and duration required to bring robust AV tech to market \u2014 ADS majors reportedly spend $500M to $1B per year \u2014 OEMs are better off joining expert teams for their ADS tech.<\/p>\n<p>As a result, we have observed the aggregation of OEMs around major ADS developers in the past months (diagram below). Most ADS majors partner with either passenger vehicle or truck OEMs depending on their focus. However, Waymo and Aurora have managed to sign collaborations with both types of OEMs to match their dual objectives.<\/p>\n<figure class=\"post-image post-mediaBleed aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-1356954 js-lazy\" alt=\"orsay, av, autonomous ehicles\" width=\"1911\" height=\"851\" sizes=\"auto, (max-width: 1911px) 100vw, 1911px\" src=\"https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2021\/06\/orsay2.png\" srcset=\"https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2021\/06\/orsay2.png 1911w, https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2021\/06\/orsay2-280x125.png 280w, https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2021\/06\/orsay2-540x240.png 540w, https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2021\/06\/orsay2-270x120.png 270w, https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2021\/06\/orsay2-796x354.png 796w, https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2021\/06\/orsay2-1592x709.png 1592w\"\/><figcaption>Credit: <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.autonomy.paris\/en\/opinions\/concentration-funding-and-vertical-integration-in-the-av-space\/\">Autonomy Paris, Orsay Consulting<\/a><\/figcaption><figcaption><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/thenextweb.com\/news\/#\" data-url=\"https:\/\/twitter.com\/intent\/tweet?url=https%3A%2F%2Feditorial.thenextweb.com%2Fshift%2F2021%2F06%2F16%2Fchanging-business-autonomous-vehicle-industry-syndication%2F&amp;via=thenextweb&amp;related=thenextweb&amp;text=Check out this picture on: AD system developers aggregate oems.\" data-title=\"Share AD system developers aggregate oems. on Twitter\" data-width=\"685\" data-height=\"500\" class=\"post-image-share popitup\" title=\"Share AD system developers aggregate oems. on Twitter\"><i class=\"icon icon--inline icon--twitter--dark\"\/><\/a>AD system developers aggregate oems.<\/figcaption><noscript><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-1356954\" src=\"https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2021\/06\/orsay2.png\" alt=\"orsay, av, autonomous ehicles\" width=\"1911\" height=\"851\" srcset=\"https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2021\/06\/orsay2.png 1911w, https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2021\/06\/orsay2-280x125.png 280w, https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2021\/06\/orsay2-540x240.png 540w, https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2021\/06\/orsay2-270x120.png 270w, https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2021\/06\/orsay2-796x354.png 796w, https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2021\/06\/orsay2-1592x709.png 1592w\"\/><\/noscript><\/figure>\n<p>While OEMs are by and large putting their AV future in the hands of ADS majors, they continue to advance their driving assistance <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/game\/\" data-internallinksmanager029f6b8e52c=\"7\" title=\"Game\" target=\"_blank\" rel=\"noopener\">game<\/a> on a parallel, incremental path. Most are deploying Level 2 solutions, and a couple are venturing into Level 3, namely Honda and Mercedes after Audi\u2019s attempt was constrained by regulations. But the longer term goal of reaching Level 4 will involve some sort of partnership with ADS developers.<\/p>\n<p>In summary, it is becoming clear that the capital-intensive development of ADS and AV technology will be handled by a handful of companies which will either offer ADS to OEMs or will develop and operate fleets of autonomous vehicles.<\/p>\n<hr\/>\n<p><i><span>Do EVs excite your electrons? Do ebikes get your wheels spinning? 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