Autonomous Driving Startups Surge Back with Billion Dollar Funding

Funding for autonomous driving startups has surged significantly after a slow start to the year. From January to April, less than 800 million dollars was raised, but since May 1, nearly 2.7 billion dollars has been invested. Key deals include Wayve raising 1.05 billion dollars, General Motors investing 850 million dollars into Cruise, and Waabi securing 200 million dollars. These investments position the sector for its best year since 2021, with startups already raising nearly 3.5 billion dollars, surpassing last year's 5.7 billion dollars and 2022's 5.9 billion dollars.

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