Found in Robotics News & Content, with a score of 71.88
June 01, 2021
DiDi Autonomous Driving has reportedly completed a $300 million (U.S.) financing round, bringing its total funding to more than $1.1 billion. The spinoff of Beijing-based ride-hailing firm DiDi Chuxing Technology Co. has been developing hardware and software for autonomous vehicles. DiDi Chuxing said it launched its autonomous driving project in 2016 and upgraded it to a wholly owned subsidiary in 2019. In June 2020, DiDi Autonomous Driving launched an on-demand robotaxi service in Shanghai. In March 2021, the company announced a strategic partnership with the Huadu District of Guangzhou, China, to invest in self-driving research and development and commercial applications.…
Found in Robotics News & Content, with a score of 16.40
November 16, 2021
…67.8% for the period. Notable investments around robotaxis so far this year include WeRide's $310 million Series C round, DiDi Autonomus Driving's $300 million financing, DeepRoute's $300 million Series B funding, and Alibaba Group Ltd.'s $200 million stake in DeepRoute.
Found in Robotics News & Content, with a score of 15.04
June 16, 2021
…companies that have obtained billions in investment include Uber, Didi Chuxing, Tesla, and Cruise. The global market for autonomous vehicles will experience a 64.5% compound annual growth rate (CAGR) between 2020 and 2027, said Precedence Research. Similarly, Grand View Research predicted a 63.1% CAGR, from about 6,700 units in 2020. “Experience has taught us so much, and we agree with those experts who say there’s no greater challenge in artificial intelligence than building and deploying fully autonomous technology at scale,” said Tekedra Mawakana and Dmitri Dolgov, co-CEOs of Waymo. “But we love a challenge and—thanks to the unmatched talent of…
Found in Robotics News & Content, with a score of 12.18
September 14, 2021
…Facebook, LinkedIn, Toast, Stripe, ByteDance, Warby Parker, Flipkart, and DiDi. Tiger Global is based in New York and has affiliate offices in Hong Kong, Beijing, Singapore, and Bangalore. Mobile robot market keeps rolling Mobile robot companies have raised more than $1 billion so far this year. Top deals included GreyOrange's planned $500 million initial public offering (IPO), Zebra Technology's acquisition of Fetch Robotics for $290 million, Locus' $150 million Series E, and ForwardX's $38 million Series B round. The global market for mobile robots (including automated guided vehicles or AGVs) will experience a compound annual growth rate (CAGR) of 15.34%,…
Found in Robotics News & Content, with a score of 11.26
June 28, 2021
…division for $550 million, Momenta's $500 million fundraising, and DiDi Autonomous Driving's $300 million round. Xpeng said it plans to plans to use the net proceeds from its global offering to expand its product portfolio and develop more advanced technologies. It also intends to accelerate its business expansion by enhancing brand recognition, acquiring customers through omni-channel marketing strategies, and expanding its sales and service touch points both domestically and internationally. In addition, Xpeng said it will expand production capacity, upgrade facilities, and development manufacturing technologies. Some of the funding will go to general corporate purposes, including working capital needs. Offering…
Found in Robotics News & Content, with a score of 8.76
December 13, 2021
…helped take public such as Aurora, AutoStore, Berkshire Gray, DiDi, DoorDash, JD Logistics, Uber, and WeWork. More transaction details The minimum cash of the transaction is fully covered by the $405 million of committed equity capital that Symbotic and SVFC have raised, reducing potential transaction uncertainty. Symbotic also expects to receive an additional $174 million in cash from Walmart by the end of December to be used for general corporate purposes as a result of Walmart gross exercising warrants it holds in the Company. At closing, assuming no SVFC public shareholders exercise their redemption rights, existing Symbotic equity holders are…
