{"id":8314,"date":"2021-10-12T12:31:41","date_gmt":"2021-10-12T12:31:41","guid":{"rendered":"http:\/\/TheNextWeb=1369505"},"modified":"2021-10-12T12:31:41","modified_gmt":"2021-10-12T12:31:41","slug":"guess-whos-the-biggest-investor-in-self-driving-tech-it-rhymes-with-bambung","status":"publish","type":"post","link":"https:\/\/www.londonchiropracter.com\/?p=8314","title":{"rendered":"Guess who\u2019s the biggest investor in self-driving tech? It rhymes with Bambung"},"content":{"rendered":"\n<p>Every year, more and more money is being poured into driverless car tech, with car makers and other huge corporations betting that this\u2019ll be the next big \u201cthing\u201d in the automotive industry.<\/p>\n<p><span>A <a href=\"https:\/\/www.leasingoptions.co.uk\/news\/blog\/fully-invested-whos-investing-the-most-in-driverless-technology\/8536\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">new study<\/a> by Leasing Options, a British car rental firm, reveals<\/span> which companies have been making the largest investments from 2014 up until now. And, yeah, we\u2019re talking about a <em>lot<\/em> of money.<\/p>\n<p>In the following graph we can observe the various annual investments per corporation:<\/p>\n<figure class=\"post-image post-mediaBleed aligncenter\"><img decoding=\"async\" loading=\"lazy\" class=\"wp-image-1369518 js-lazy\" src=\"https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2021\/10\/graph-.jpg\" alt=\"biggest investors driverless tech\" width=\"576\" height=\"1022\" sizes=\"(max-width: 576px) 100vw, 576px\" data-srcset=\"https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2021\/10\/graph-.jpg 1427w, https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2021\/10\/graph--118x210.jpg 118w, https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2021\/10\/graph--76x135.jpg 76w, https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2021\/10\/graph--152x270.jpg 152w, https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2021\/10\/graph--865x1536.jpg 865w, https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2021\/10\/graph--1154x2048.jpg 1154w, https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2021\/10\/graph--796x1413.jpg 796w\"><figcaption><a href=\"https:\/\/thenextweb.com\/news\/guess-whos-the-biggest-investor-self-driving-tech-rhymes-with-bambung#\" data-url=\"https:\/\/twitter.com\/intent\/tweet?url=https%3A%2F%2Feditorial.thenextweb.com%2Fshift%2F2021%2F10%2F12%2Fguess-whos-the-biggest-investor-self-driving-tech-rhymes-with-bambung%2F&amp;via=thenextweb&amp;related=thenextweb&amp;text=Check out this picture on: The total investment in driverless tech has reached a whopping $44 billion. Credit: Leasing Options\" data-title=\"Share The total investment in driverless tech has reached a whopping $44 billion. Credit: Leasing Options on Twitter\" data-width=\"685\" data-height=\"500\" class=\"post-image-share popitup\" title=\"Share The total investment in driverless tech has reached a whopping $44 billion. Credit: Leasing Options on Twitter\"><i class=\"icon icon--inline icon--twitter--dark\"><\/i><\/a>The total investment in driverless tech has reached a whopping $44 billion. Credit: <a href=\"https:\/\/www.leasingoptions.co.uk\/news\/blog\/fully-invested-whos-investing-the-most-in-driverless-technology\/8536\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Leasing Options<\/a><\/figcaption><noscript><img decoding=\"async\" loading=\"lazy\" class=\"wp-image-1369518\" src=\"https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2021\/10\/graph-.jpg\" alt=\"biggest investors driverless tech\" width=\"576\" height=\"1022\" srcset=\"https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2021\/10\/graph-.jpg 1427w, https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2021\/10\/graph--118x210.jpg 118w, https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2021\/10\/graph--76x135.jpg 76w, https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2021\/10\/graph--152x270.jpg 152w, https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2021\/10\/graph--865x1536.jpg 865w, https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2021\/10\/graph--1154x2048.jpg 1154w, https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2021\/10\/graph--796x1413.jpg 796w\"><\/noscript><\/figure>\n<h3>Samsung in the lead<\/h3>\n<p>Although car manufacturers have made multiple billion dollar investments since 2018, they still haven\u2019t spent as much as tech giant Samsung.<\/p>\n<p>In late 2017, the South Korean company acquired Harman, a US car infotainment and audio company, to develop connected-car technology. To seal the deal, Samsung paid some $8 billion, making it the biggest spender to date.<\/p>\n<h3>Five automakers among the top 10<\/h3>\n<p>The biggest competitors from the automotive industry are Toyota and General Motors, coming at the second and third place, respectively.<\/p>\n<p>Over the past six years, Toyota has invested a total of $5 billion, making the biggest move in 2018 when it put down $2.8 billion to form a new dedicated company, called \u201c<span>Toyota Research Institute-Advanced Development (TRI-AD).\u201d<\/span><\/p>\n<p>Similarly, since 2016, GM has spent some $4.9 billion to develop its own self-driving vehicle division, Cruise, which is also backed by <span>Softbank, Microsoft, and Honda, which occupies the last place of the top ten.&nbsp;<\/span><\/p>\n<p>Hyundai is the fifth biggest investor, having put down some $3 billion on a number of startups such as Aurora and Envisics.<\/p>\n<p>The Volkswagen Group might come only sixth, but has made the biggest investment since 2018, with <span>$2.6 billion on Argo AI, a driverless tech startup also onwned by Ford as an equal minority investor.&nbsp;<\/span><\/p>\n<h3>Other non-car manufacturers on the rise<\/h3>\n<p>In fourth place, we find another non-car manufacturer fighting for the driverless space.<\/p>\n<p>Softbank, <span>a Japanese multinational conglomerate operating in tech, energy, and finance, has invested close to $3.6 billion in Nuro.ai, GM\u2019s Cruise, and the AV delivery startup Neolix, among others.&nbsp;<\/span><\/p>\n<p><span>While Uber <a href=\"https:\/\/thenextweb.com\/news\/uber-didnt-sell-its-self-driving-dream-its-just-outsourcing-the-hard-work\">has sold its self-driving taxi division<\/a> to Aurora, it\u2019s no wonder that it currently occupies seventh place.&nbsp;<\/span><\/p>\n<p>What\u2019s actually surprising is that Amazon\u2019s the eighth biggest spender. In 2019, somewhat out of nowhere, Amazon entered the game with its first large investment in Aurora, and then dropped an extra $1.3 billion on the acquisition of another self-driving startup, Zoox.<\/p>\n<p>In ninth place comes Aptiv, having put down $2 billion since 2019. Notably, last year Aptiv partnered up with Hyundai to form a self-driving joint venture called Motional, <span><a href=\"https:\/\/thenextweb.com\/news\/lyfts-new-motional-robotaxi-will-be-a-hyundai-ioniq-5-but-not-really\">whose robotaxis will be deployed in various US cities through Lyft\u2019s ride-hailing network<\/a>, staring in 2023.&nbsp;<\/span><\/p>\n<p><span>You can see the total spending of all the top ten investors in the table below:<\/span><\/p>\n<figure class=\"post-image post-mediaBleed aligncenter\"><img decoding=\"async\" loading=\"lazy\" class=\"wp-image-1369631 size-full js-lazy\" src=\"https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2021\/10\/Screen-Shot-2021-10-12-at-12.46.22.png\" alt=\"Driverless tech investors\" width=\"659\" height=\"288\" sizes=\"(max-width: 659px) 100vw, 659px\" data-srcset=\"https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2021\/10\/Screen-Shot-2021-10-12-at-12.46.22.png 659w, https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2021\/10\/Screen-Shot-2021-10-12-at-12.46.22-280x122.png 280w, https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2021\/10\/Screen-Shot-2021-10-12-at-12.46.22-270x118.png 270w, https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2021\/10\/Screen-Shot-2021-10-12-at-12.46.22-540x236.png 540w\"><figcaption><a href=\"https:\/\/thenextweb.com\/news\/guess-whos-the-biggest-investor-self-driving-tech-rhymes-with-bambung#\" data-url=\"https:\/\/twitter.com\/intent\/tweet?url=https%3A%2F%2Feditorial.thenextweb.com%2Fshift%2F2021%2F10%2F12%2Fguess-whos-the-biggest-investor-self-driving-tech-rhymes-with-bambung%2F&amp;via=thenextweb&amp;related=thenextweb&amp;text=Check out this picture on: Credit: Leasing Options\" data-title=\"Share Credit: Leasing Options on Twitter\" data-width=\"685\" data-height=\"500\" class=\"post-image-share popitup\" title=\"Share Credit: Leasing Options on Twitter\"><i class=\"icon icon--inline icon--twitter--dark\"><\/i><\/a>Credit: Leasing Options<\/figcaption><noscript><img decoding=\"async\" loading=\"lazy\" class=\"wp-image-1369631 size-full\" src=\"https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2021\/10\/Screen-Shot-2021-10-12-at-12.46.22.png\" alt=\"Driverless tech investors\" width=\"659\" height=\"288\" srcset=\"https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2021\/10\/Screen-Shot-2021-10-12-at-12.46.22.png 659w, https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2021\/10\/Screen-Shot-2021-10-12-at-12.46.22-280x122.png 280w, https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2021\/10\/Screen-Shot-2021-10-12-at-12.46.22-270x118.png 270w, https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2021\/10\/Screen-Shot-2021-10-12-at-12.46.22-540x236.png 540w\"><\/noscript><\/figure>\n<hr>\n<p><i>Do EVs excite your electrons? Do ebikes get your wheels spinning? Do self-driving cars get you all charged up?&nbsp;<\/i><\/p>\n<p><i><span>Then you need the weekly SHIFT newsletter in your life.&nbsp;<\/span><\/i><a href=\"http:\/\/hello.thenextweb.com\/shift\" target=\"_blank\" rel=\"nofollow noopener noreferrer\"><i><span>Click here to sign up<\/span><\/i><\/a><i><span>.<\/span><\/i><\/p>\n<p> <a href=\"https:\/\/thenextweb.com\/news\/guess-whos-the-biggest-investor-self-driving-tech-rhymes-with-bambung\">Source<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Every year, more and more money is being poured into driverless car tech, with car makers and other huge corporations betting that this\u2019ll be the next big \u201cthing\u201d in the automotive industry&#8230;.<\/p>\n","protected":false},"author":1,"featured_media":8315,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[],"_links":{"self":[{"href":"https:\/\/www.londonchiropracter.com\/index.php?rest_route=\/wp\/v2\/posts\/8314"}],"collection":[{"href":"https:\/\/www.londonchiropracter.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.londonchiropracter.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.londonchiropracter.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.londonchiropracter.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=8314"}],"version-history":[{"count":0,"href":"https:\/\/www.londonchiropracter.com\/index.php?rest_route=\/wp\/v2\/posts\/8314\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.londonchiropracter.com\/index.php?rest_route=\/wp\/v2\/media\/8315"}],"wp:attachment":[{"href":"https:\/\/www.londonchiropracter.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=8314"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.londonchiropracter.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=8314"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.londonchiropracter.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=8314"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}