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.

In 2017, these 15 self-driving car start-ups have cumulatively raised funding of more than $3 billion till date and the funding raised in 2017 was 100% more than 2016. The total funding of all self-driving scar tart-ups from both private and corporate investors has gone past $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.

The companies form partnerships, to fill gaps in their product portfolio or services. It saves them the pain and risk of rushing into a new market segment alone. The same holds true for companies trying to create a name for themselves in the autonomous car market. In order to flourish in this increasingly competitive automotive market, both suppliers and OEMs will have to move from the reactive stand to a proactive position based on market feedback and customer inclination. The partnerships in the autonomous industry will become increasingly important as conventional auto suppliers look to fill gaps in their capabilities, which in turn will allow them to deliver complete and fully functional autonomous/ADAS systems.