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TechCrunch Mobility: Waymo’s Big Apple score and Nvidia backs Nuro
Waymo has received approval to test autonomous vehicles in New York City, marking a significant milestone. In parallel, Nvidia has supported Nuro in raising $203 million, showcasing the continued investment in autonomous delivery technologies. The approaching expiration of the U.S. federal EV tax credit signals potential changes in automaker strategies to attract customers.
Key points
- Waymo secured permission to test autonomous vehicles in New York City, a first for the city.
- Nvidia invested in Nuro's Series E funding round, which raised $203 million.
- Uber has committed a multimillion-dollar investment in Nuro, which is expected to support its growth.
- The federal EV tax credit is set to expire on September 30, prompting automakers to strategize for customer retention.
Why it matters
- The rise of EV and autonomous vehicle technologies is part of a broader shift in the automotive industry toward electrification and automation.
- Investments and partnerships in autonomous delivery services are increasing, reflecting a trend towards efficient last-mile delivery solutions.
- The approval for Waymo in NYC indicates a growing acceptance and integration of autonomous technology within urban environments.
The developments from Waymo and Nuro highlight the rapid advancements in autonomous technologies, influenced by significant investments and regulatory approvals, shaping the future landscape of transportation and logistics.