Posts Tagged ‘fiat chrysler’

Kia Motors Invests in Aurora Innovation Following FCA

Thursday, June 13th, 2019
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miami-lakes-automall-kia-motors-invests-aurora-innovation

It seems like only days ago that the auto market placed its focus on Aurora Innovation, a self-driving startup among many currently entering the race for the first self-driving vehicle for public retail. Although there are already companies out there testing their vehicles on public streets, and even programs like Waymo One offer the everyday citizens (in Phoenix, Arizona) to be chauffeured from place-to-place by a self-driving Chrysler Pacifica Hybrid minivan, the flagship of the Waymo self-driving fleet. As it turns out, the self-driving car startup company Aurora Innovation was just running the company’s series B financing round, and two more large names in the auto industry made an investment – the Hyundai Motor Group and Kia Motors Corp.

That’s right. According to a news release, Kia Motors is getting in on the ground floor with Aurora Innovation. With their recent partnership also fueled by Fiat Chrysler Automobiles (FCA), this brings Aurora’s total for this round of funding up to $600 million. It’s going to be interesting to see how FCA intends to work with Aurora and whether or not the company will be sharing technology across the automakers or developing technology for each. In the aforementioned news release, companies discussed the integration of the Aurora Driver technology into Hyundai’s fuel cell vehicle NEXO.

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