Autonomy Monthly:
August 2024

3 in Finance

8/22: WeRide (Guangzhou, China), an autonomous vehicle start-up, delays IPO in the US after seeking a $5bn initial valuation. (Link)

8/15: Intramotev (St. Louis, MO), a manufacturer of autonomous electric cargo trains used for freight transportation, raises $14.4 million in Series A funding led by Flybridge Capital Partners and Alpaca VC. (Link)

8/1: Aurora Innovation (Pittsburg, PA), a developer of autonomous vehicle technology, raises $483 million in secondary public stock offering as it races toward a driverless commercial launch by the end of 2024. Underwriters included Allen & Company, Goldman Sachs, and Morgan Stanley(Link)

3 for Fun

Waymo begins testing of driverless robotaxis on San Francisco freeways. (Link)

Uber and Cruise announce multiyear partnership and plan to introduce Cruise vehicles on the Uber platform. (Link)

US moves to ban the use of Chinese software in autonomous cars due to security concerns. (Link)

Big movers — month over month stock performance

Lucid Group gains 13%, Aurora Innovation gains 12%Samsara gains 6%

Ouster falls 45%Luminar falls 39%; iRobot falls 37%

 

 

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