Found in Robotics News & Content, with a score of 22.74
November 01, 2022
…also joined Volocopter’s investor base. GLy is backed by Geely Holding, a long-term partner of Volocopter. In their joint venture, Geely and Volocopter aim to bring UAM to China. With its high density of megacities, the companies said they expect China to become one of the largest markets for electric air taxis. “Volocopter’s vision encompasses industrial short- and medium-range commercial passenger applications to bring efficiency to the way we move around our cities,” said Hrvoje Krkalo, co-CEO of GLy Capital. “I look forward to supporting their journey; a journey that promises to be exciting, safe, and scenic in equal measure.”…
Found in Robotics News & Content, with a score of 25.60
January 31, 2022
…users with more revolutionary products that exceed expectations.” Baidu, Geely finance talent growth Baidu and its strategic partner, multinational auto manufacturer Zhejiang Geely Holding Group, backed JIDU's Series A round. JIDU said it will use the funding to hire talent, especially in fields including advanced autonomous driving, smart cockpit, and smart manufacturing. The company also plans to build up marketing and user support operations. The global market for autonomous vehicles could expand from 6,100 units in 2020 to 110,100 units by 2026, experiencing a compound annual growth rate (CAGR) of 60.6%, according to Research and Markets. It added that the…
Found in Robotics News & Content, with a score of 20.22
August 27, 2021
…to deployment DeepRoute has collaborated with Dongfeng Motor and Geely Automobile on robotic taxicabs. The company claimed that it was the first to test 20 robotaxis with human safety drivers in Shenzhen, China. It said it has driven more than 1 million miles on urban roads. In addition, DeepRoute is partnering with Cao Cao Mobility to deploy “a couple hundred” robotaxis during the 2022 Asian Games. The partners tested five vehicles in Hangzhou, China, last year. The company has offices in Shenzhen and Fremont, Calif. Alibaba's 19.68% stake in DeepRoute reportedly brings the company's valuation to more than 64 billion…
Found in Robotics News & Content, with a score of 20.59
June 02, 2021
…to customers including BAIC Group, Chang'an Automobile, FAW Group, Geely, and Li Auto. ZongMu focuses on autonomous parking ZongMu's products include the SurroundView vision system, the ZATLAS learning and simulataneous localization and mapping (SLAM) technology, and the ZEALOUS cloud-based autonomous driving system. In addition to wireless charging for electric vehicles, ZongMu is working on Level 4 autonomous parking as a service. The company claimed to be “the first autonomous-driving company in China to receive a fixed-point contract for L4 mass production.” “Automatic parking can be complemented by other value-added services like vehicle charging and washing,” said Rui Tang, CEO of…
Found in Robotics News & Content, with a score of 14.00
May 27, 2021
…($392 million U.S.) in equity from investors including Daimler, Geely, DB Schenker, BlackRock, and Intel Capital. Near Earth’s technology allows aircraft to autonomously take off, fly, and land safely, with or without GPS. The Pittsburgh-based company said its systems enable aerial mobility and drone inspections for the commercial and defense sectors. Near Earth said it bridges the gap between aerospace and robotics with systems that can improve efficiency, performance, and safety for aircraft ranging from small unmanned aircraft systems (sUAS) to full-size helicopters. Near Earth Autonomy said it has conducted 3,500 flights lasting more 2,000 flight hours with various aircraft…
