3 in Finance
9/26: Bot Auto (Houston, TX), an autonomous trucking company, raises $20M in Pre-A funding, with participation from Brightway Future Capital, Cherubic Ventures, EnvisionX Capital, and others. (Link)
9/23: Pyka (Alameda, CA), a developer of electric aviation technology and manufacturer of large-scale autonomous electric aircraft, raises $40M in Series B funding. The round was led by Obvious Ventures, with participation from Piva Capital, Prelude Ventures, Metaplanet Holdings, and others. (Link)
9/10: Forterra (Clarksburg, MD), a developer of autonomous driving technology for military and commercial vehicles, raises $75M in Series B funding, led by Moore Strategic Ventures, XYZ Venture Capital and Hedosophia. (Link)
3 for Fun
Cruise to pay fine of $1.5M after failing to disclose all details of its October 2023 pedestrian crash incident. (Link)
South Korean company, KG Mobility, rolls out the country’s first night-time robotaxi service that will run in Gangnam. (Link)
Tesla Cybertruck finally receives full self-driving update that customers were promised at its release. (Link)
Big movers — month over month stock performance
Nio gains 68%, Xiaopeng gains 67%; Li Auto gains 38%
Rivian falls 21%; Luminar falls 12%; Lucid Group falls 12%