Didi gets $500M from SoftBank to develop autonomous driving technology | PhocusWire - 0 views
-
Ride-hailing platform Didi is hoping to accelerate the development and use of autonomous vehicles as a result of landing a $500 million investment round this week.
-
Didi claims it is the largest ever fundraising round in China for the autonomous vehicle industry. To-date Didi has raised $21.7 billion in capital.
-
Previous Didi investment rounds to support the core ride-hailing business hit a high of $5.5 billion in May 2017.
- ...2 more annotations...
-
Didi says it plans to "deepen cooperation with global upstream and downstream auto industry partners towards mass production of autonomous driving vehicles."
-
Testing of vehicles is not far away for Didi, with open-road licenses secured in the Chinese cities of Shanghai, Beijing and Suzhou, as well as California in the U.S.