AutoX becomes China's first to remove safety drivers from robotaxis
  • Residents of Shenzhen will see truly driverless cars on the road.
  • AutoX, a four-year-old startup backed by Alibaba, MediaTek and Shanghai Motors, is deploying a fleet of 25 unmanned vehicles in downtown Shenzhen, marking the first time any autonomous driving car in China tests without safety drivers or remote operators on public roads.
  • The cars, meant as robotaxis, are not yet open to the public. The milestone came just five months after AutoX landed a permit from California to start driverless tests, following in the footsteps of Waymo and Nuro.

Yesterday

Space Perspective raises $7M for its plan to ferry tourists to the edge of space
  • Space tourism startup Space Perspective has raised a new $7 million in seed funding, from investors including Prime Movers Lab and Base Ventures.
  • The company is focused on developing Spaceship Neptune, a pressurized passenger capsule that is meant to be carried by an ultra-high altitude balloon to the very edge of space to provide passengers with an unparalleled view.
  • Spaceship Neptune is designed to carry up to eight passengers per trip, on a six-hour journey that will include two hours spent at the upper edge of Earth’s atmosphere and a water landing in the Atlantic Ocean.
  • The first test flight is currently targeted for the end… Show more

November 25th

Cars24 is India's latest unicorn as it raises $200 million from DST Global and existing investors
  • Indian marketplace for second-hand vehicles Cars24 has raised $200 million in a Series E round led by DST Global, which also saw participation from its existing investors Exor Seeds, Moore Strategic Ventures, and Unbound.
  • With the latest funding round, Cars24 valuation soars past a billion dollars, making it the latest unicorn in the country.
  • CARS24 has pioneered a significantly differentiated experience for the customer and dealer by deeply leveraging data and technology at each step, resulting in world-class operational efficiency and market leadership in the segment

November 24th

Loadsmart raises $90 million to further consolidate its one-stop freight and logistics platform
  • Leading on-demand digital freight platform Loadsmart has raised a $90 million Series C funding round, led by funds under management by BlackRock and co-led by Chromo Invest.
  • In addition to TFI, the round also saw renewed investment from Maersk, a global oceanic shipping leader and one of Loadsmart’s strategic backers since its Series A round.
  • Loadsmart offers booking for freight transportation across land, rail and through ports, all from a single online portal. It recently added the ability to ship partial truckloads, and its consistency brought in new strategic investors deeply involved in all aspects of the industry, includi… Show more