Revenue decreased 8% year over year to $486 million in the third quarter. Revenue increased 11% versus the second quarter of 2024. Full year 2024 revenue guidance, at the midpoint, is unchanged compared to prior guidance. Diluted EPS (GAAP) was $(3.35) and Adjusted Diluted EPS (Non-GAAP) was $0.10 in the third quarter of 2024. GAAP EPS was impacted by a non-cash impairment loss related to the Goodwill asset on our... Read more
PITTSBURGH / Oct 30, 2024 / Business Wire / Aurora Innovation, Inc. (NASDAQ: AUR) today announced its third quarter 2024 results. Aurora’s shareholder letter and financial results are available on its investor relations website at ir.aurora.tech. “We are on the brink of a new era in mobility and logistics, and the excitement from the industry, our partners, and customers is palpable,” said Chris Urmson, co-founder... Read more
NEW YORK, Oct. 28, 2024 (GLOBE NEWSWIRE) -- WeRide Inc. (“WeRide” or the “Company”) (Nasdaq: WRD), a global leader and a first mover in the autonomous driving industry, today announced that its previously announced initial public offering (the “Offering”) of 7,742,400 American depositary shares (“ADSs”) at a price to the public of US$15.50 per ADS closed on October 28, 2024. Each ADS represents three Class A... Read more
NEW YORK, Oct. 25, 2024 /PRNewswire/ -- WeRide, the leading global commercial-stage company, was officially listed on the Nasdaq Global Select Market under the ticker symbol "WRD." Upon listing, WeRide became the world's first publicly listed universal autonomous driving technology company and the first publicly listed Robotaxi company. The initial public offering price was set at $15.5 per American... Read more
The parties will collaborate to accelerate development of solutions for semi-autonomous and autonomous vehicles using Foresight’s stereoscopic technology and Tata Elxsi’s integration solutions for marketing in the Indian automotive industry Ness Ziona, Israel, Oct. 25, 2024 (GLOBE NEWSWIRE) -- Foresight Autonomous Holdings Ltd. (Nasdaq and TASE: FRSX) (“Foresight” or the “Company”), an innovator in automotive... Read more
In recent weeks, Cyngn — Executed its first paid DriveMod Forklift Deployment. Started deploying its next-gen 12,000 lb. DriveMod Tugger at customer facilities. Signed a commercial contract with a major automotive service equipment manufacturer. Expanded its dealer network, adding multiple sales channels that offer Motrec vehicles as well as other 3rd party system integrators. Secured its 20th and 21st... Read more
MENLO PARK, Calif., Oct. 21 ,2024 /PRNewswire/ -- Today, Cyngn announced that its autonomous DriveMod Forklift has completed its first paid autonomous deployment at a customer facility, marking an important milestone in the commercialization of the next vehicle in Cyngn's Enterprise Autonomy Suite (EAS) portfolio. Built with an array of safety systems, including 360° high-definition perception and Cyngn's Virtual... Read more
ROAMEO Gen4 Achieves Full Autonomy, Setting the New Standard in Mobile Robotic Security Detroit, Michigan, Oct. 21, 2024 (GLOBE NEWSWIRE) -- Robotic Assistance Devices Mobile, Inc. (RAD-M), a subsidiary of Artificial Intelligence Technology Solutions, Inc. (the “Company”), (OTCPK:AITX) has attained the advanced achievement of Level 5 autonomous navigation, part of its development of ROAMEO Gen4 security robot.... Read more
MENLO PARK, Calif., Oct. 17, 2024 /PRNewswire/ -- Cyngn Inc. (the "Company" or "Cyngn") (Nasdaq: CYN) today announced a commercial deployment of its next-generation DriveMod Tugger, featuring a recent upgrade to 12,000-pound towing capacity, with a customer that is a major manufacturer of automotive service equipment. Furthermore, next-gen DriveMod Tuggers have been used in several pilot deployments with automotive... Read more
Since August 2023, Cyngn has been granted eleven additional patents, bringing the total U.S. patents granted to 21. Patent 21 enhances Cyngn's autonomous vehicles' capability to make informed decisions regarding their surroundings. MENLO PARK, Calif., Oct. 16, 2024 /PRNewswire/ -- Cyngn Inc. (the "Company" or "Cyngn") (Nasdaq: CYN) announced the official granting of a new patent, 12,039,867. This patent covers... Read more
Faster, smarter delivery robots will support Serve’s scaling across the U.S. Manufacturing cost halved, while advancing safety, autonomy, performance and speed New robots have entered manufacturing and are on track for deployment in 2025 SAN FRANCISCO, Oct. 16, 2024 (GLOBE NEWSWIRE) -- Serve Robotics Inc. ("Serve") (Nasdaq: SERV), a leading autonomous... Read more
GUANGZHOU, China, Oct. 15, 2024 (GLOBE NEWSWIRE) -- WeRide, the leading global commercial-stage company developing autonomous driving technologies from Level 2 to Level 4, has officially unveiled its latest generation of Robotaxi - GXR, the world's most spacious production Robotaxi model to date. Leveraging WeRide's extensive experience of over... Read more
Aeva’s 4D LiDAR Technology with Instant Velocity Data to be Used as “Gold Standard” to Validate Next-generation Vehicle Automation Systems MOUNTAIN VIEW, Calif. / Oct 08, 2024 / Business Wire / Aeva® (NYSE: AEVA), a leader in next-generation sensing and perception systems, today announced that a major European passenger vehicle OEM, together with a simulation and validation technology leader, will use Aeva’s 4D... Read more
SAN FRANCISCO & AUSTIN, Texas / Oct 03, 2024 / Business Wire / Uber Technologies, Inc. (NYSE: UBER) and Avride today announced a multiyear strategic partnership to bring Avride’s delivery robots and autonomous vehicles to Uber and Uber Eats. The delivery partnership will launch first with sidewalk robots on Uber Eats in Austin in the coming weeks, before expanding to Dallas and Jersey City, New Jersey, later... Read more
Serve robots enable pick-up in dense urban areas, as Wing drones expand Serve delivery radius Robot-to-drone solution will enable fast, affordable restaurant delivery over 6 mile radius SAN FRANCISCO, Oct. 1, 2024 /PRNewswire/ -- Serve Robotics Inc. ("Serve") (Nasdaq: SERV), a leading autonomous sidewalk delivery company, and Wing Aviation LLC, an on-demand drone delivery provider, today announced a... Read more
Following successful POC project completion, the parties will develop and commercialize AI tele-operations solutions for heavy machinery to improve safety in hazardous industrial environments. Ness Ziona, Israel, Sept. 27, 2024 (GLOBE NEWSWIRE) -- Foresight Autonomous Holdings Ltd. (Nasdaq and TASE: FRSX) (“Foresight” or the “Company”), an innovator in automotive vision systems, announced today the signing of... Read more
SAN FRANCISCO & GUANGZHOU, China / Sep 25, 2024 / Business Wire / WeRide, a global leading autonomous driving technology company, and Uber Technologies, Inc. (NYSE: UBER), the world’s largest mobility and delivery technology platform, today announced a strategic partnership to bring WeRide’s autonomous vehicles onto the Uber platform, beginning in the United Arab Emirates. The partnership is expected to launch... Read more
SANTA CLARA, Calif., Sept. 24, 2024 (GLOBE NEWSWIRE) -- Ambarella, Inc. (NASDAQ: AMBA), an edge AI semiconductor company, today announced in advance of AutoSens Europe that its Oculii™ AI 4D imaging radar technology is deployed worldwide in the 2023 and 2024 Lotus Eletre electric hyper-SUV as well as the 2024 Lotus Emeya fully electric hyper-GT from Lotus... Read more
CDG, a $IB annual revenue corporation, will leverage its expertise to lead the marketing and sales efforts of the intelligent traffic systems in mainland China Ness Ziona, Israel, Sept. 24, 2024 (GLOBE NEWSWIRE) -- Foresight Autonomous Holdings Ltd. (Nasdaq and TASE: FRSX) (“Foresight” or the “Company”), an innovator in automotive vision systems, announced today the signing of a multi-phase strategic... Read more
SAN FRANCISCO & MOUNTAIN VIEW, Calif. / Sep 13, 2024 / Business Wire / Today, Uber Technologies, Inc. (NYSE: UBER) and Waymo LLC announced an expansion of their existing partnership to make the Waymo Driver available to more people via Uber. Beginning in early 2025, Waymo and Uber will bring autonomous ride-hailing to Austin and Atlanta, only on the Uber app. In these cities, Uber will manage and dispatch a... Read more
Ra’anana, Israel, Sept. 05, 2024 (GLOBE NEWSWIRE) -- Rail Vision Ltd. (Nasdaq: RVSN) (the “Company”), a technology company at the forefront of revolutionizing railway safety and the data-related market, recently announced the approval of its U.S. patent for a cutting-edge AI-based railway obstacle detection system by the United States Patent and Trademark Office in August. This milestone reflects Rail Vision’s... Read more
RA’ANANA, Israel, Aug. 29, 2024 (GLOBE NEWSWIRE) -- Rail Vision Ltd. (Nasdaq: RVSN) (“Rail Vision” or the “Company”), a development stage technology company seeking to revolutionize railway safety and the data-related market, today reported financial results for the first half ended June 30, 2024. “We continued to strengthen our foundation during 2024, completing a series of financing transactions that raised... Read more
SAN FRANCISCO / Aug 22, 2024 / Business Wire / Uber Technologies, Inc. (NYSE: UBER) and Cruise, two companies revolutionizing transportation, today announced a multiyear strategic partnership to bring Cruise autonomous vehicles to the Uber platform. The companies plan to launch the partnership next year with a dedicated number of Chevy Bolt-based autonomous... Read more
Select Shake Shack customers in the Los Angeles area may receive their next order via a Serve robot Serve continues to make progress towards its commitment to deploy up to 2,000 AI-powered sidewalk delivery robots on the Uber platform SAN FRANCISCO, Aug. 14, 2024 /PRNewswire/ -- Serve Robotics Inc. ("Serve") (Nasdaq: SERV), a leading autonomous... Read more
Manufacturing activities commenced on 2,000-robot fleet deployment following entry into manufacturing agreement with Magna and amendment to lidar supply agreement with Ouster Cash position bolstered by proceeds of $40 million equity offering, as well as post-quarter $15 million private placement transaction SAN FRANCISCO, Aug. 13, 2024 /PRNewswire/ -- Serve Robotics Inc. (the "Company" or "Serve")... Read more
Ra’anana, Israel, Aug. 12, 2024 (GLOBE NEWSWIRE) -- Rail Vision Ltd. (Nasdaq: RVSN) (the “Company”), a technology company at the forefront of revolutionizing railway safety and the data-related market, today announced that it has been granted patent approval from the United States Patent and Trademark Office for its innovative AI-based railway obstacle detection system. This patent outlines an advanced method for... Read more
SAN JOSE, Calif. / Aug 12, 2024 / Business Wire / Cepton, Inc. (“Cepton”) (Nasdaq: CPTN), a Silicon Valley innovator and leader in high performance lidar solutions, today announced its business updates and financial results for the second quarter ended June 30, 2024. “We are in the final stage of RFQ with a Top 10 global automotive OEM for our long-range lidar, and we anticipate final decision in the second half of... Read more
NESS ZIONA, Israel, Aug. 09, 2024 (GLOBE NEWSWIRE) -- Foresight Autonomous Holdings Ltd. (Nasdaq and TASE: FRSX) (“Foresight” or the “Company”), an innovator in automotive vision systems, today reported financial results for the second quarter of 2024. Q2 and recent key highlights: Foresight enhanced global commercial partners network in main target markets: ● Signed collaboration agreement with... Read more
Reached an important agreement with a major platform partner to supply a bundle of InnovizTwo short- and long-range LiDARs to their Level 4 autonomous platform, which was already selected by several OEM programs Q2 2024 revenues of $6.7 million exceed previous guidance range of $4-$5 million, up from $1.5 million in Q2 2023 TEL AVIV, Israel, Aug. 7, 2024 /PRNewswire/ -- Innoviz Technologies Ltd.... Read more
On Track with Daimler Truck Program Milestones and 2026 Start of Production Timeline Advanced with Global Top 10 Passenger OEM RFQ, Award Decision Expected This Year Top U.S. National Defense Security Organization Selected 4D LiDAR to Protect Critical Energy Infrastructure First Industrial Launch with Nikon On Schedule for Q4 2024 MOUNTAIN VIEW, Calif. / Aug 07, 2024 / Business Wire / Aeva® (NYSE: AEVA), a... Read more
Independent Body Certification Demonstrates Commitment to Information Security and Automotive Tier-1 Supplier Readiness MOUNTAIN VIEW, Calif. / Aug 05, 2024 / Business Wire / Aeva® (NYSE: AEVA), a leader in next-generation sensing and perception systems, today announced that it has achieved certification to ISO/IEC 27001:2022, the international standard for information security management. “This important... Read more
Companies will leverage successful technology collaboration and expand Mobileye SuperVision™ platform to future Zeekr models globally HANGZHOU, China & JERUSALEM / Aug 01, 2024 / Business Wire / Building on the success from their collaboration over the last several years, Zeekr and Mobileye have announced their plan to accelerate technology... Read more
Revenue decreased 3% year over year to $439 million in the second quarter. Revenue increased 84% versus the first quarter of 2024 due to reduced consumption of excess inventory at Tier 1 customers compared to the first quarter. More than 110% increase in number of systems shipped as compared to the first quarter of 2024 led to significant improvement in Operating Loss and Adjusted Operating Profit. While we... Read more
The mining Company is one of the world's largest producers of metals Ra’anana, Israel, July 31, 2024 (GLOBE NEWSWIRE) -- Rail Vision Ltd. (Nasdaq: RVSN) (the “Company”), a technology company at the forefront of revolutionizing railway safety and the data-related market, announced today it has successfully installed its product at one of Latin America’s leading mining companies. Following a successful... Read more
PITTSBURGH / Jul 31, 2024 / Business Wire / Aurora Innovation, Inc. (NASDAQ: AUR) today announced its second quarter 2024 results. Aurora’s shareholder letter and financial results are available on its investor relations website at ir.aurora.tech. “Fueled by customer excitement for the Aurora Driver, we achieved great commercial progress in the second quarter,” said Chris Urmson, co-founder and CEO at Aurora. “We... Read more
Vicinity Autonomous Electric Transit Bus to See First Deployment with National Park Service in August 2024; New Capability Enabled by Partnership with Automated Driving Software Platform Provider ADASTEC VANCOUVER, BC / ACCESSWIRE / July 30, 2024 / Vicinity Motor Corp. (NASDAQ:VEV) (TSXV:VMC) ("Vicinity" or the "Company"), a North American supplier of commercial electric vehicles, today announced the first... Read more
PALO ALTO, Calif., July 29, 2024 /PRNewswire/ -- Hesai Technology (Nasdaq: HSAI), the global leader in lidar solutions, announced that it has entered into a strategic partnership with Westwell, a global provider in autonomous driving solutions, to provide lidar in applications including autonomous driving, industrial robots, heavy machinery, and smart cities. Westwell's autonomous driving solutions will be... Read more
The parties engaged in a project to jointly develop a multi-sensor 3D perception fusion technology for Higer’s autonomous electric bus Ness Ziona, Israel, July 29, 2024 (GLOBE NEWSWIRE) -- Foresight Autonomous Holdings Ltd. (Nasdaq and TASE: FRSX) (“Foresight” or the “Company”), an innovator in automotive vision systems, announced today the signing of an agreement for a paid proof of concept (POC) project with... Read more
After closing of the proposed transaction, Cepton will operate as a privately held indirect subsidiary of Koito in the U.S., with corporate headquarters in San Jose, CA. Cepton and Koito have partnered since 2017 to industrialize high-performance lidar solutions for mass-market automotive, smart infrastructure and industrial applications. The proposed transaction is poised to accelerate the... Read more
Parties are collaborating in a multi-phase plan to assess Eye-Net’s technology as a potential ADAS system for the manufacturer’s vehicles Ness Ziona, Israel, July 26, 2024 (GLOBE NEWSWIRE) -- Foresight Autonomous Holdings Ltd. (Nasdaq and TASE: FRSX), an innovator in automotive vision solutions, announced today that its wholly owned subsidiary, Eye-Net Mobile Ltd. (“Eye-Net”), has signed a three-way... Read more
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