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- Organization Insider asked 7 investor to choose the 2 self-driving startups they believe have the most potential.
- At least among the VC’s picks needed to originate from outside their company’s portfolio.
- Much of their options showed the autonomy industry’s increasing concentrate on trucking and shipment over ride-hail.
- Aurora Innovation was selected four times, more than any other company.
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Organization Insider asked seven endeavor capitalists to choose the 2 autonomous-vehicle start-ups they believe have the most promise, with the caution that just one could be a business their company has invested in.
These 10 start-ups could play a significant role in that pivot.
Chosen by: Fraser McCombs Capital handling partner Mark Norman (financier), Trucks Equity capital partner Reilly Brennan (financier)
Overall financing raised: $246 million
What the business does: Gatik is establishing autonomous cars designed for short-haul, business-to-business deliveries.
Why it was chosen: Gatik has received a major endorsement from Walmart, which has actually formed a collaboration with the startup. Brennan and Norman also lauded Gatik’s decision to focus on an application that is less intricate than ride-hailing and has an obvious appeal for the business’s possible customers.
Gatik’s service model is “an MVP idea,” Norman stated.
Chosen by: Trucks Equity capital partner Reilly Brennan (not an investor)
Overall financing raised: $4079 million
What the business does: TuSimple is developing automated-driving software application and hardware for sturdy trucks.
Why it was selected: TuSimple has landed a number of prominent partnerships with business like the UPS, Navistar, and ZF Friedrichshafen.
” It appears, from a partnership point of view, that TuSimple is actuall