Autonomous driving

Today’s Pickup: Nuro the first to test autonomous delivery on public streets

Good day, Self-driving vehicle startup Nuro has won approval from federal regulators to test its battery-powered driverless delivery vehicles on public streets. According to a news release, the National Highway Traffic Safety Administration granted the Mountain View, California, company a waiver to deploy its low-speed R2s, which lack windshields and side mirrors and aren’t designed […]

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Brian Straight Thursday, May 9, 2019

GM autonomous vehicle subsidiary Cruise nabs $1.15B investment

Cruise Automation, the autonomous vehicle startup acquired by General Motors (NYSE: GM) in 2016, has secured an equity investment of $1.15 billion that values the company at $19 billion. The group of institutional investors included parent GM along with funds and accounts advised by T. Rowe Price Associates and existing partners SoftBank Vision Fund and […]

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