(TI Automotive) Most Car Makers Struggling To Keep Up With Tech Companies In Autonomous Vehicles Race, Finds Report

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Most Car Makers Struggling To Keep Up With Tech Companies In Autonomous Vehicles Race, Finds Report
A new study by PTOLEMUS Consulting Group comparing 16 OEMs worldwide has found that most car makers are struggling to keep up with tech companies in the development race towards autonomous vehicles. The OEM Readiness for Autonomous Vehicles Global Study highlights which automakers are overcoming complexities of commercial-grade level 4 automation and which are not.

 

Next Summer Toyota will Offer Rides in SAE Level-4 Automated Vehicles in Japan
Toyota Research Institute (TRI) recently announced that its Platform 4 (P4) automated driving test vehicle will be available for public demonstration rides next summer in Tokyo.

 

Fleet of Self-Driving Hyundai Kona Electric SUVs to Hit California Streets
Hyundai, in collaboration with Pony.ai and Via, recently unveiled BotRide, a shared, on-demand, autonomous vehicle service operating on public roads. Starting on November 4, a fleet of self-driving Hyundai KONA Electric SUVs will provide a free ride-sharing service to the local community of Irvine, California.

 

TNO, NUS, MobilityX to Work Together on New Urban Mobility
The Netherlands Organisation for Applied Scientific Research (TNO) signed three Memorandums of Understanding (MoUs) this week with the National University of Singapore (NUS) and MobilityX. The organizations will participate in the Joint Innovation Program for New Urban Mobility, an initiative led by TNO.

 

EV Connect raises $12 Million
EV Connect recently closed a $12 million Series B funding round. The company is one of the leading providers of electric vehicle (EV) charging software and solutions. As a one-stop shop, it sells, deploys and provides management services to operate an organization’s charge stations.

 

Upstream Security Raises $30 Million Series B Investment from Renault, Volvo Group, Hyundai
Upstream Security, a cybersecurity company, recently announced that a prominent syndicate of investors invested $30 million in a Series B funding round

 

 

 

 

 

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