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A News Digest on Self-Driving Vehicles and Other IT Business Events

  • 2-3 min read
  • March 02, 2021
  • 👍 Rating — 5 (4 votes)

Uber
Toyota Motor Corp and longtime supplier partner Denso Corp will team up with self-driving car startup Aurora to develop and build autonomous minivans for ride-hailing networks, the companies said on Tuesday. In December, Aurora said it was buying Uber’s self-driving unit, the Advanced Technologies Group (Uber ATG), in a deal valued at $4 billion, well below ATG’s earlier valuation of $7.25 billion. As part of the December transaction involving ATG, Uber agreed to invest $400 million in Aurora, in a deal that values Aurora at $10 billion. The two companies agreed to collaborate on self-driving vehicles for Uber’s ride-hailing and food delivery networks. www.reuters.com/article/us-autos-autonomous-toyota/toyota-denso-team-with-aurora-on-self-driving-cars-for-uber-others-idUSKBN2A92G0
Smart parcel locker
The Stockholm-based company, which spun out of Swedish chain Clas Ohlson in 2015, claims it’s growing by over 300% year-on-year. It also says it’s now delivering more than one million parcels from prominent online retailers like H&M and IKEA to its smart lockers each month. In May 2020, it expanded operations into Norway and Denmark. Last-mile logistics startup Instabox has raised €75m in a Series B round led by EQT Ventures. It’s the company’s second round in less than a year, having raised €36m last April — and a sign that Europe’s eCommerce boom is getting investors excited. sifted.eu/articles/instabox-series-b-raise/
Rivian
Electric-vehicle startup Rivian, which is backed by Amazon.com Inc and Ford Motor Co, is looking to go public as soon as September at a valuation of about $50 billion or more, Bloomberg News reported on Tuesday. Rivian, which aims to put an electric pickup and SUV in production this year, announced last month a $2.65-billion investment round led by T. Rowe Price. The startup has said it has raised $8 billion since the start of 2019. www.reuters.com/article/us-rivian-ipo/tesla-rival-rivian-aims-for-ipo-this-year-bloomberg-news-idUSKBN2AA07S
Ubisoft
The French video game maker Ubisoft sees top-line growth in 2021-2022 after record third-quarter The COVID-19 pandemic, which forced people to stay at home, boosted demand for games, helping the company’s third-quarter net bookings to rise 120% year-on-year to a record high of 1 billion euros ($1.21 billion). The maker of blockbuster Assassin’s Creed franchise revised its net booking guidance for its 2020-2021 fiscal year to 2.22 billion to 2.28 billion euros, with an operating income seen between 450 million and 500 million euros. Ubisoft had previously seen net bookings of 2.20 billion to 2.35 billion euros and operating income of 420 million to 520 million euros. www.reuters.com/article/us-ubisoft-ent-results/ubisoft-sees-top-line-growth-in-2021-2022-after-record-third-quarter-idUSKBN2A92JP
Apple
Apple partners with TSMC to develop micro OLED displays for AR devices: Nikkei Apple Inc has partnered with Taiwan Semiconductor Manufacturing Co to develop micro OLED displays, which it plans to use in its upcoming augmented reality (AR) devices, Nikkei Asia reported on Wednesday. www.reuters.com/article/us-apple-tsmc-oled/apple-partners-with-tsmc-to-develop-micro-oled-displays-for-ar-devices-nikkei-idUSKBN2AA096

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