Volkswagen

Volkswagen's Cariad plans to invest $1B in Chinese AI company Horizon Robotics and a further $1.26B in a joint venture with Horizon, taking a 60% stake

Volkswagen's Cariad unit orders lidar sensors and software from Innoviz, worth around $4B, according to Innoviz's CEO; Innoviz already has a deal with BMW

Gabrielle Coppola / Bloomberg :

Aeva, a lidar company started by two Apple engineers, says it is raising $200M at a ~$3B valuation from a Hong Kong-based hedge fund ahead of reverse merger

- Deal values Aeva around $3 billion ahead of reverse merger  — Volkswagen shareholder Porsche SE is strategic investor

Volkswagen's heavy truck business The Traton Group takes a minority stake in TuSimple as part of an agreement to develop autonomous trucks

Kirsten Korosec / TechCrunch :

Apple Acquires Augmented Reality Company Metaio

Apple has acquired Metaio, an augmented reality startup that launched way back in 2003 as an offshoot of a project at Volkswagen.  The company's site said it stopped taking new customers, and now a le...