Waabi has developed an autonomous driving program which it taught using its own simulation software, which provides a set of driving scenarios to actively teach and assess AI drivers.

Scania has issued a green bond worth SEK3bn to support further investments into electrification, and it has launched a venture capital fund totalling SEK2bn to support fledgling tech firms in the vehicle industry. 

The manufacturer of electric terminal tractors has raised a total of USD35m in investments to support the company’s growth, following an institutional funding round led by venture capital firm S2G Ventures and private investment firm Henry Crown and Company.

An undisclosed sum has been invested in Optibus, a software developer specialising in public transportation management tools for planning workable routes, timetables and rotas.

The corporate venture capital fund of Scania has made an investment in logistics software company Parcelly Ltd for an undisclosed sum.

Allison Transmission Inc, headquartered in Indianapolis, Indiana, has invested in venture capital firm Autotech Ventures, based in Silicon Valley, California.

Build Capital Partners, based in Salt Lake City, Utah, has announced the launch of Lane VC, an independently managed venture capital firm focused on the EV market.

The venture capital division of Goodyear will support AmpUp's efforts to scale up its operational and technical capacity in order to meet growing demand.