Selected by top-10 global OEM for vehicle development Progressing on a growing number of vehicle programs to advanced / RFQ stage Completed core development of LiDAR on chip perception platform for industrial automation MOUNTAIN VIEW, Calif. / Mar 22, 2023 / Business Wire / Aeva® (NYSE: AEVA), a leader in next-generation sensing and perception systems, today announced its fourth quarter and full year 2022... Read more
TuSimple trucks have recorded more than 10 million cumulative miles through testing, research and freight delivery This latest milestone is one of many industry firsts for the autonomous driving technology company TuSimple has recorded only one at-fault incident in its 10 million miles, which is below the average yearly accidents for a traditional truck fleet according to a 2022 Fleet Safety Study SAN DIEGO,... Read more
SAN DIEGO, March 15, 2023 /PRNewswire/ -- TuSimple Holdings Inc. (Nasdaq: TSP) ("TuSimple" or the "Company"), a global autonomous driving technology company, today announced the appointment of J. Tyler McGaughey and Zhen Tao to its Board of Directors as independent directors. Mr. McGaughey will be responsible for overseeing the Company's compliance with federal government legal and regulatory requirements. Mr.... Read more
Fieldin to deploy over 100 autonomy kits on tractors and other farm machinery in 2023 Autonomous farming equipment market expected to reach $95 billion by 2027 Ouster, Inc. (NYSE: OUST), a leading provider of high-performance lidar sensors, and Fieldin, a leading AgTech company with a smart farming platform and autonomous technology, announced the largest... Read more
Cepton, Inc. (“Cepton”) (Nasdaq: CPTN), a Silicon Valley innovator and leader in high performance lidar solutions, today announced business updates and financials for the fourth quarter and full year ended December 31, 2022. “We closed out our first year as a public company with notable achievements,” said Jun Pei, Cepton’s Co-Founder and CEO. “We are in the final stages of preparation for the start of the... Read more
Innoviz continued its progress towards 2023 series production launches, further expanded its customer pipeline, added a key automotive industry veteran as a senior advisor, and is in discussions to expand its program award with one of its largest customers TEL AVIV, Israel, March 1, 2023 /PRNewswire/ -- Innoviz Technologies Ltd. (NASDAQ: INVZ) (the "Company" or "Innoviz"), a Tier-1 direct supplier of... Read more
Foresight Autonomous Holdings Ltd. (Nasdaq and TASE: FRSX), an innovator in automotive vision systems, announced today that its wholly owned subsidiary, Eye-Net Mobile Ltd. (“Eye-Net” or “Eye-Net Mobile”), has received its first order for an Eye-Zone automotive system from a leading global Japanese vehicle manufacturer. The parties will begin a paid proof of concept (POC) project to evaluate the added value and... Read more
The new Munich office provides greater collaboration and relationship-management with key customers and partners in the region. With proximity to Innoviz's highly-skilled workforce, and new test lab, the new office offers enhanced operational capabilities. TEL AVIV, Israel and MUNICH, Germany, Feb. 27, 2023 /PRNewswire/ -- Innoviz Technologies (Nasdaq: INVZ) (the "Company" or "Innoviz"), a technology... Read more
Expanding partnership and volumes by more than an order of magnitude to a broad range of consumer vehicles Luminar (Nasdaq: LAZR), a leading global automotive technology company, announced today a sweeping expansion of its partnership with Mercedes-Benz to safely enable enhanced automated driving capabilities across a broad range of next-generation... Read more
Innoviz adds General Laser to its global distributor ecosystem to accelerate LiDAR sales across European markets Innoviz's LiDAR products, including InnovizOne, InnovizTwo and Innoviz360, will strengthen General Laser's LiDAR portfolio, offering customers the highest-performing LiDAR products for multiple applications The European non-automotive LiDAR market is forecast to grow at a compounded annual growth... Read more
New CV3-AD685 System-on-Chip advances Autonomous and Advanced Driver Assistance System (ADAS) applications, providing single-chip solution for multi-sensor fusion and path planning Samsung Electronics, a world leader in advanced semiconductor technology, and Ambarella, Inc. (NASDAQ: AMBA), an edge AI semiconductor company, today announced that Samsung’s Foundry business is providing its 5-nanometer (nm) process... Read more
GUANGZHOU, China, Feb. 17, 2023 (GLOBE NEWSWIRE) -- EHang Holdings Limited (Nasdaq: EH) (“EHang” or the “Company”), the world's leading autonomous aerial vehicle (“AAV”) technology platform company, announced that its EH216 passenger-grade AAV has completed its first passenger-carrying autonomous flight demonstration within Japan, which also marks the first... Read more
Robust offering of Ouster and Velodyne products to serve current and prospective customers Innovative digital lidar technology roadmap and new software solutions to catalyze growth Strengthened financial position with over $315 million in combined cash and expected annualized cost savings in excess of $75 million1 Ouster (NYSE: OUST), a leading provider of high-resolution digital lidar, and Velodyne, a... Read more
Foresight Autonomous Holdings Ltd. (Nasdaq and TASE: FRSX), an innovator in automotive vision systems, announced today that its affiliate, Rail Vision Ltd. (“Rail Vision”), signed an agreement with Israel Railways Ltd., Israel’s state-owned principal railway company, to purchase 10 Rail Vision Main Line Systems and related services for $1.4 million. Rail Vision’s Main Line System is a cutting-edge, artificial... Read more
State-of-the-art lidar solution to be deployed nationwide, helping to improve America’s infrastructure by enabling accurate and intelligent tolling applications Cepton, Inc. (“Cepton”) (Nasdaq: CPTN), a leader in high performance lidar solutions for the automotive and smart infrastructure markets, announced today that it has won a multi-million dollar sales... Read more
Fisher joins the company during a pivotal year as Aurora prepares for autonomous trucking commercial launch in 2024 Aurora Innovation, Inc. (NASDAQ: AUR), a leading autonomous vehicle company, today announced it has appointed Ossa Fisher as the company’s president. Fisher brings more than 20 years of leadership experience to Aurora, spanning strategy, operations, and business functions across a wide variety of... Read more
SAN FRANCISCO, Jan. 27, 2023 (GLOBE NEWSWIRE) -- Embark Trucks, Inc. (“Embark”), a leading developer of autonomous technology for the trucking industry, is pleased to announce the hiring of Simina Simion as Chief People Officer. Simion joins Embark to lead its People and Culture teams as the company advances toward commercialization and continues to hire industry-leading talent. “Hiring the right people and... Read more
Revenue increased 59% year over year to $565 million in the fourth quarter. Diluted EPS (GAAP) was $0.04 and Adjusted Diluted EPS (Non-GAAP) was $0.27 in the fourth quarter. Future business backlog continues to grow, with 2022 ADAS (including SuperVisionTM) design wins projected to generate future revenue of $6.7 billion across 64 million units by 2030.1 Advanced ADAS products, such as SuperVisionTM... Read more
Cepton, Inc. (“Cepton”) (Nasdaq: CPTN), a Silicon Valley innovator and leader in high performance lidar solutions, announced today the completion of its previously announced $100 million investment (the “Investment”) from its long-term automotive Tier 1 partner and current shareholder, Koito Manufacturing Co., Ltd. (“Koito”) (TSE: 7276) on January 19, 2023. The Investment, in the form of convertible preferred stock,... Read more
Record design wins in 2022 lead to an expected $17 billion ADAS revenue pipeline through 2030. Today at CES 2023, Mobileye founder and CEO Prof. Amnon Shashua will illustrate the company’s global leadership in autonomous vehicle and advanced driver-assistance technology, providing new details on the company’s business for 2023 and beyond. In particular, Shashua will lay out how future consumer AVs will come to... Read more
Automotive-grade, in-house developed imaging radars targeted for production in two years. Over the past few years, Mobileye has been developing a new technology to help autonomous vehicles sense and understand their environment – regardless of weather, lighting or road types – in addition to the company’s renowned camera-based perception systems. Known as software-defined imaging radar, or 4D radar, the technology... Read more
Innoviz and Exwayz are collaborating to demonstrate new lidar-based perception solutions for various non-automotive applications. Innoviz is integrating its InnovizOne LiDAR with Exwayz's LiDAR-based plug-and-play perception software to enable precise 3D mapping, localization and re-localization, as well as object detection and classification. Exwayz will present its use-case with InnovizOne LiDAR at the... Read more
Class 8 Truck Equipped with PlusDrive Autonomous Technology and Aeries II 4D LiDAR to be Unveiled at CES 2023 Aeva® (NYSE: AEVA), a leader in next-generation sensing and perception systems, and Plus, a global provider of autonomous driving solutions, today announced the unveiling of a design for the next generation PlusDrive highly automated driving solution... Read more
LOXO intends to use InnovizOne LiDAR sensors to enable autonomy for its zero-emission autonomous delivery vehicles. LOXO will present its autonomous and zero-emission delivery vehicle with InnovizOne LiDAR at the Consumer Electronics Show (CES) on January 7, 2023, 3:30pm, at Innoviz's booth #6553. TEL AVIV, Israel and BERN, Switzerland, Jan. 3, 2023 /PRNewswire/ -- Innoviz Technologies (NASDAQ: INVZ) (the... Read more
Powered by Cepton’s next-generation innovations to offer an unprecedented combination of superior performance, power efficiency, adaptivity and compactness Award-winning lidar to be featured at CES 2023 at Booth No. 5553, LVCC-West Hall Cepton, Inc. (“Cepton” or the “Company”) (Nasdaq: CPTN), a Silicon Valley innovator of high-performance lidar solutions, announced today the unveiling of its groundbreaking new... Read more
Cyngn DriveMod-enabled Stockchaser to be on display in Ouster booth #6541 at CES 2023 Ouster, Inc. (NYSE: OUST) (“Ouster”), a leading provider of high-resolution digital lidar sensors, announced today that it has signed a strategic customer agreement with Cyngn (Nasdaq: CYN), a developer of innovative autonomous driving software solutions for industrial and commercial applications. The agreement will add Ouster’s... Read more
SANTA CLARA, Calif., and MOUNTAIN VIEW, Calif., Jan. 02, 2023 (GLOBE NEWSWIRE) -- Ambarella, Inc. (NASDAQ: AMBA), an edge AI semiconductor company, and Applied Intuition, a software solutions provider for autonomous vehicle (AV) development, today at CES 2023 announced a partnership to offer a joint ADAS and AV development solution based on Ambarella’s CV3-AD PCIe hardware-in-the-loop (HIL) card and Applied’s... Read more
Key points of the restructuring plan: Focus on capital discipline given macroeconomic conditions and industry readiness. Strategic investments on highest value-added projects, namely the validation and commercialization of TuSimple's leading autonomous trucking technology. Restructuring impacts approximately 350 employees, or 25% of TuSimple's workforce; 80% of the remaining approximately 1,100 TuSimple... Read more
Beta release reveals key updates and critical progress on the Aurora Driver as it nears “Feature Complete” milestone, including the capability to respond to emergency vehicles Today, Aurora Innovation, Inc. (NASDAQ: AUR) released Aurora Driver Beta 5.0, the latest version of its integrated hardware and autonomy system, to its autonomous trucking fleet in Texas. With a more performant Aurora Driver, Aurora advances... Read more
SAN FRANCISCO, Dec. 19, 2022 (GLOBE NEWSWIRE) -- Embark Trucks, Inc. (“Embark”), a leading developer of autonomous technology for the trucking industry, and Knight-Swift Transportation Holdings Inc. (NYSE: KNX, “Knight-Swift”), one of North America’s largest and most diversified freight transportation companies, have announced that Embark has initiated... Read more
Partnership will combine Innoviz's high-performance LiDAR, InnovizOne, with Outsight's processing software solution, allowing seamless integration of 3D localization and perception technology for smart infrastructure, vehicle and industrial applications PARIS and TEL AVIV, Israel, Dec. 14, 2022 /PRNewswire/ -- Innoviz Technologies (Nasdaq: INVZ) ("Innoviz"), a technology leader of high-performance,... Read more
SAN DIEGO, Dec. 12, 2022 /PRNewswire/ -- TuSimple (Nasdaq: TSP), a global autonomous driving technology company, today announced the appointment of James Lu to its Board of Directors as an Independent Director. Lu brings more than 20 years of experience in the technology sector as a seasoned entrepreneur, executive, and investor. Lu serves as the Chairperson of Grindr, the world's largest LGBTQ social dating... Read more
This will be the first time public riders can access a Motional autonomous vehicle (AV) on Uber's network, starting with Las Vegas. This launch follows the recent announcement of a 10-year framework agreement that is expected to create one of the largest deployments of AVs on a major ride-hail network, with the potential to reach millions of Uber... Read more
Revenue increased 38% year over year to $450 million in the third quarter. Future business backlog continues to grow, with design wins achieved in 2022 (through Oct 1, 2022) projected to generate future volume of 54 million systems by 2030. This compares to 24 million systems delivered in 2022 (through Oct 1, 2022).1 Our newer advanced ADAS products, such as SuperVisionTM contributed meaningfully to our revenue... Read more
SANTA CLARA, Calif., Dec. 06, 2022 (GLOBE NEWSWIRE) -- Ambarella, Inc. (NASDAQ: AMBA), an edge AI semiconductor company, today announced the world’s first centralized 4D imaging radar architecture, which allows both central processing of raw radar data and deep, low-level fusion with other sensor inputs—including cameras, lidar and ultrasonics. This... Read more
SAN DIEGO and LISLE, Ill., Dec. 5, 2022 /PRNewswire/ -- In a joint announcement, today TuSimple (NASDAQ:TSP) and Navistar announced an end to their co-development under the 2020 Joint Development Agreement. The decision to end the development agreement does not preclude the companies from working together in the future. "I decided to return as TuSimple's CEO to address the challenges ahead and to set us on a path... Read more
Stress test during trucking’s peak season underscores the value autonomous solutions can bring to carriers of every size on the Uber Freight network Uber Freight, a leading logistics platform and partner for shippers and carriers, and Aurora Innovation (NASDAQ: AUR), a leading autonomous vehicle company, have announced the expansion of their autonomous pilot... Read more
New sensor management, calibration, perception and cloud software offerings empower customers to accelerate lidar development Velodyne Lidar, Inc. (Nasdaq: VLDR, VLDRW) today announced the beta launch of its Vella family of software products. Vella enables Velodyne’s customers to accelerate development of lidar-based vision solutions for autonomous applications. Using the online platform Vella Portal, Velodyne’s... Read more
AEye, Owl AI, and GPR to Provide Briefing at U.S. Ambassador Rahm Emanuel’s Residence at the U.S. Embassy in Tokyo On December 6, 2022, AEye, Inc. (NASDAQ: LIDR), Owl Autonomous Imaging (Owl AI), and GPR will present the latest solutions in automotive sensing and transportation technologies at a briefing for Japanese automotive industry executives hosted by Ambassador Rahm Emanuel at the United States Embassy in... Read more
Foresight Autonomous Holdings Ltd., an innovator in automotive vision systems (Nasdaq and TASE: FRSX) (“Foresight” or the “Company”), today reported financial results for the third quarter of 2022. Foresight ended the first nine months of 2022 with revenues of $451,000 and with $30.3 million in cash, cash equivalents, restricted cash and short-term deposits. The Company reported a U.S. Generally Accepted Accounting... Read more
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