Self-Driving Cars
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Self-Driving Cars

Big Money for Autonomous Vehicles, Again

After a year or more spent in the “trough of disillusionment”, autonomous vehicles seem to be riding high again. Within a few weeks, Nuro has raised $500 million and Pony.ai has raised $400 million. Luminar also continues its path towards a SPAC merger that would raise $400 million at a $3.4 billion valuation.

My old business school teacher, Mark Leslie, used to preach that for startups, “cash is oxygen, and oxygen is life.” It’s good to see that there is still lots of life in autonomous vehicles.

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