Mobileye cruises into the public market and inside the Argo AI collapse
- The takeaway was that advanced driver assistance systems, not AV tech, is the real future (at least in terms of revenue and profits).Mobileye was able to price 41 million shares at $21 and above its initial range, raising $861 million.
- Shashua told me they started in China because the country is “more tech forward and is moving faster than anyone else.”Other deals that got my attention …AM Batteries, a Boston-based company that has developed lithium-ion dry-electrode technology, raised $25 million in Series A round led by Anzu Partners.
- Subscribe for free to the newsletter and you’ll get a lot more.Image Credits: Argo AIThe sudden shuttering of autonomous vehicle company Argo AI was received like a bucket of ice cold water being dumped on one’s head.
- You also can send a direct message to @kirstenkorosecThe California state legislature recently passed AB 371, the so-called “Kill Bikeshare Bill,” which puts extreme insurance requirements on shared micromobility companies beyond what’s required of private car owners or rental car companies.
- manufacturing facility and announced plans invest more than $260 million to expand production there.Wallbox has opened its first North American factory in Arlington, Texas to begin building EV charging and management solutions stateside.Lyft relaunched its monthly subscription plan Lyft Pink at half of its previous price.
- We gradually built a product portfolio that bridges the spectrum between driving assist and robotaxis.”That bridge, a technology called Mobileye Supervision, is the critical foundation of the company’s future.
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