Mobility

Autonomous trucks may be on the road in China by the end of 2021.

Automakers like SAIC Motor use the startup’s self-driving system, which utilizes 4D millimeter-wave technology.

The Chinese drone maker is making a second push into an increasingly narrow lane packed with the country’s other ambitious autonomous vehicle makers.

The Cairo-born startup has raised over USD 100 million to date and aims to grow its annual gross revenue to USD 1 billion by 2025.

The used car market in India is expected to reach 8.2 million units by FY 2025, which will make it twice as big as the new car segment.

Yet, the Didi-wannabes are looking at a very limited time frame.

Never mind the fact that the company still can’t mass-produce its cars.

The company has raised USD 297 million via equity and debt funding from Accel, Apoletto Asia, B Capital, Goldman Sachs, and e-commerce retailer Flipkart.