Global Self-Driving Car Startups Report-2018 Edition – Mobility Foresights

In 2017, these 20 start-ups raised a funding of more than $1 billion, which is more than 100% increase compared to 2016. The total funding of all self-driving start-ups from both private and corporate investors has gone pas $5.5 billion as of March 2018.The digitization is also fuelling the prospects of autonomous on demand ride hailing taxis. It is worth mentioning that only few of the start-ups are generating revenue and some are yet to showcase a clear path to scale up and ultimately become profitable. US is considered to be leading the way in terms of legislation for driverless vehicles. States in America including Nevada, Florida, California and Michigan have already passed laws concerning driverless cars. However, 15 states had bills on automated driving which have failed.