OXFORD: Far from the sunny, wide streets of Phoenix, where Waymo’s self-driving taxis ply their trade, a handful of European startups are developing driverless cars to navigate the clogged, chaotic, rain-swept roads of European cities.
The startups hope that by developing systems and software that work in the most trying circumstances, they will be in prime position when deep-pocketed US firms expand into new regions to capitalise on a future of self-driving cars. “The negotiations one has to do with bicyclists and undergraduates in the early hours – around streets that frankly were designed for ponies – in these European cities is a little bit different,” he said.
By way of comparison, General Motors’ self-driving division Cruise raised US$1.15 billion in May in new equity, valuing the unit at US$19 billion, while California-based driverless delivery startup Nuro raised US$940 million in February. While Oxbotica’s Newman and Boland argue that lidar has a role to play – alongside other sensors and cameras – Wayve, an autonomous driving company based in the university city of Cambridge, insists the laser technology is unnecessary.
“From the first idea that this will happen fairly quickly, now the autonomy winter has come,” said Arthur Kipferler, partner at automotive consultancy Berylls Strategy Advisors.
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