Moneycontrol Be a Pro
Get App
you are here: HomeNewsWorld
Last Updated : Jun 13, 2019 11:56 AM IST | Source: Reuters

Hyundai and Kia Motors to invest in self-driving startup Aurora

Aurora said in a blog post that Hyundai and Kia's investment is part of a series B financing round, which has now raised more than $600 million.


Hyundai Motor Co said on June 13 it would invest in self-driving car software startup Aurora along with Kia Motors Corp to speed up development of autonomous vehicle technologies.

"With the new investment, the companies have agreed to expand research to a wide range of models and to build an optimal platform for Hyundai and Kia's autonomous vehicles," Hyundai said.

Aurora said in a blog post that Hyundai and Kia's investment is part of a series B financing round, which has now raised more than $600 million.

Close
Aurora, which just announced a partnership with Fiat Chrysler Automobiles, competes with Alphabet's Waymo and General Motors' majority-owned Cruise, among others.

The Great Diwali Discount!
Unlock 75% more savings this festive season. Get Moneycontrol Pro for a year for Rs 289 only.
Coupon code: DIWALI. Offer valid till 10th November, 2019 .
First Published on Jun 13, 2019 11:40 am
Loading...
Sections
Follow us on
Available On