Autonomy Monthly:
November 2024

3 in Finance

11/27: Pony AI (Fremont, CA), a developer of autonomous driving technology, makes its NASDAQ debut at a $5.25 billion valuation. The company is currently trading at $12.89 per share. (Link)

11/21: Teleo (Palo Alto, CA), a developer of autonomous machinery for the construction and mining industries, raises $16.2 million in a Series A extension round. This round was led by UP.Partners, with participation from F-Prime Capital, Triatomic Capital, Trousdale Ventures, and Trucks Venture Capital. (Link)

11/13: Vecna Robotics (Waltham, MA), a developer of autonomous warehousing robots, raises an additional $14.5 million in funding from existing investors. This round was led by Drive Capital, with participation from General Motors and Tau Ventures. (Link)

3 for Fun

Lyft partners with May Mobility in a multi-year plan to introduce autonomous vehicles to its ride sharing platform. (Link)

Kraken Robotics announces launch of its new Autonomous Launch and Recovery System, KATFISH, and performs first demonstration for Navy customers. (Link)

Chinese tech giant, Baidu, wins Hong Kong’s first license to begin testing autonomous vehicles. (Link)

Big movers — month over month stock performance

Mobileye gains 45%; Ouster gains 42%; Tesla gains 34%

Luminar falls 31%; Nio falls 20%; Li Auto falls 16%

 

 

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