Robocar Startup Drive.ai Gets Backing From Uber Rival Grab, Plans Singapore Move
A Drive.ai test vehicle outfitted with the company's self-driving tech, including a messaging screen to let pedestrians and other cars know what it's doing. Drive.ai is a young Silicon Valley company that's having a big year. After announcing plans this month to supply self-driving vehicles for Lyft's ride-hailing network, the autonomous tech developer has scored financial backing from Southeast Asian rideshare powerhouse Grab and plans to expand into Singapore. Grab, a Singapore-based Uber rival, was among the investors in a $15 million funding round Drive.ai The Singapore move is strategic as the Asian city-state is moving fast to adopt autonomous vehicles, Drive.ai
Oct-14-2017, 14:05:12 GMT
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