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BANG Showbiz English
BANG Showbiz English
Autonomous vehicle startup fund Wayve has raised $200m (£147) for their new technology following reported backing from Microsoft and Virgin. The British firm plans to use the funds raised to launch their AV2.0 project, which uses cameras – as opposed to of LIDAR (light detection and ranging) – to map out a vehicle’s environment. Alex Kendall, co-founder and CEO of Wayve , said in a statement: “Today, we have all of the pieces in place to take what we have pioneered and drive AV2.0 forward. We have brought together world-class strategic partners in transportation, grocery delivery and compute, …
