Investors Return to Simpler Autonomous Vehicles: The Week in Tech
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Investors Return to Simpler Autonomous Vehicles: The Week in Tech

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Antonio Gozain By Antonio Gozain | Senior Journalist and Industry Analyst - Thu, 02/02/2023 - 10:00

Autonomous vehicle development has proven to be harder and more expensive than expected, so investors turn to startups that target simpler self-driving solutions. After robotaxi firms have spent billions on technology that could still be many years, if not decades, away, investors are looking for startups that burn less cash and are preferably already generating revenue, Kasper Sage, Managing Partner, BMW iVentures, tells Reuters.

UK’s Oxbotica, Swedish Einride, US Outrider and UK’s Aurrigo International are among a number of companies drawing investor interest with more focused approaches, aimed at simpler, smaller customer segments from mining vehicles to tractors and forklifts.


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