SoftBank-backed Innoviz partners China’s Shaanxi for self-driving trucks

SoftBank-backed Innoviz Technologies, which makes sensors for self-driving vehicles, said on Wednesday it had partnered with China’s Shaanxi Heavy Duty Automobile Co to deploy 600 autonomous trucks at one of the biggest ports in China.

The company’s remote sensing technology, Lidar, which uses pulsed laser light as radar uses radio waves, is seen by experts as a crucial element for self-driving vehicles.

Israel-based Innoviz, backed by tech and auto-parts suppliers Aptiv Plc and Magna International Inc respectively, was founded in 2016. The company had raised $170 million in a private investment round in June last year.

Innoviz had also forged a deal with BMW in 2018 to supply lidar-equipped cars in 2021.

Reuters

Singapore Reporter/s

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Following vacancies can be applied for (only in Singapore).   

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Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.