Magna International

Autonomous and connected technologies shaping the future of the auto industry

Auto Tech

Zubie offers a connected car platform coupled with location tracking, driver scoring, alerts, and location sharing services, provided through its mobile applications available on both iOS and Android platforms. Its software solutions are “Zubie Rental Connect,” a platform for rental companies to manage inventory and cars on road using hardware and software telematics and GPS tracking and “Zubie Fleet Connect,” a vehicle fleet management solution with telematics and GPS tracking. Its hardware products include “Asset Trak,” rechargeable asset tracking equipment and “Zubie Dashcam,” an on-board diagnostics (OBD)-II telematics and HD camera system for company vehicles and rental cars. Zubie claims to be the the first fleet-management solution dedicated to serving the rental car industry. Key customers and partnershipsZubie has customer partnerships with companies including Outdoorsy, TSD, Valsoft, Nationwide, and <a href="https://sp-edge.com/updates/33894">Toyota</a>. Funding and FinancialsIn January 2022, Zubie received an undisclosed amount of capital from Decathlon Capital Partners to expand its platform and introduce new service capabilities.

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 Israel-based Innoviz Technologies develops LiDAR sensors and perception software specifically catering to autonomous vehicles. Its LiDAR product portfolio includes 1) &ldquo;InnovizOne,&rdquo; a solid-state LiDAR sensor specifically designed for autonomous vehicles with a detection range of up to 250 m and field of view (FoV) of 115 x 25 degrees; 2) &ldquo;InnovizTwo,&rdquo; a next-gen automotive-grade LiDAR sensor with a detection range of up to 300 m and FoV of 120 x 40 degrees; and 3) &ldquo;Innoviz360,&rdquo; a 360-degree LiDAR sensor with a detection range up to 300 m and pitched toward automotive and non-automotive applications.&nbsp;
 
 
 The company&rsquo;s target market spans across the US, Europe, and Asia, and it had an order book worth USD 6.9 billion 
 <a href="https://sp-edge.com/updates/14444">
 as of September 2022.
 </a>
 As of February 2024, Innoviz Technologies had 18 of Innoviz&rsquo;s products protected by US patents.&nbsp;
 
 
 <a href="https://sp-edge.com/updates/26155">
 In January 2024,
 </a>
 Innoviz released a strategic realignment plan for its operations from Q1 2024, which included a reduction of its workforce by ~13% (about 60 employees) to lower expenses and enhance its financial longevity. This was to mainly consolidate expenditures by transitioning the InnovizOne program to series production and focusing on the InnovizTwo sensor and software suite.
 
 
 Key customers and partnerships
 
 
 Innoviz Technologies has entered product collaborations with partners including Curium, a developer of automated calibration services for autonomous systems (August 2021); Ansys, a provider of simulation software (January 2022); Visionary.ai, a developer of software-based image signal processor technology (June 2022); and Japan-based software company Kudan 
 <a href="https://sp-edge.com/updates/14117">
 (October 2022)
 </a>
 and Mobileye (as of February 2024) to obtain technology to be integrated with its LiDAR solutions.
 
 
 The company secured 15 pre-production orders and four series production customers as of September 2023. Its customers include Twinner, Whale Dynamics, Syracuse, BMW, 
 <a href="https://sp-edge.com/updates/12378">
 Volkswagen,
 </a>
 and Delphi Automotive&mdash;of which BMW and Volkswagen were among the series production customers.&nbsp;
 
 
 Funding and financials
 
 
 Innoviz Technologies generated revenue of USD 20.9 million and reported an operating loss of USD 132.6 million during the year ended December 2023. The company has been listed on the Nasdaq since April 2021 via a merger with a special purpose acquisition company (SPAC), which valued the combined entity at USD 1.4 billion (December 2020).
 
 
 <a href="https://sp-edge.com/updates/20883">
 In August 2023,
 </a>
 Innoviz Technologies announced plans for a public offering to issue USD 60 million of its ordinary shares to underwriters so they can purchase up to an additional USD 9 million of ordinary shares. The company planned to use the funds raised for general corporate purposes.
 
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Waymo is an autonomous driving technology company focused on developing self-driving vehicles. Founded in 2009 as a project within Google, Waymo became a standalone subsidiary of Alphabet in 2016. Waymo focuses on goods and passenger transportation. Its “Waymo One” division focuses on autonomous ride-hailing services powered by “Waymo Driver,” its autonomous driving technology platform. The latest<a href="https://sp-edge.com/updates/32731"> sixth-generation Waymo Driver</a> comes with 13 cameras, four LiDAR sensors, radar, and external audio receivers, and is designed to handle a wider range of weather conditions including extreme heat, fog, rain, hail, and freezing temperatures. Waymo also develops its own LiDAR technology for self-driving vehicles. The product, known as “Laser Bear Honeycomb,” features 95-degree vertical and 360-degree horizontal fields of view, close-range object detection, and customizable specifications. The company was also working on&nbsp;<a href="https://sp-edge.com/updates/35498">EMMA autonomous driving model</a> (End-to-End Multimodal Model for Autonomous Driving), a training model built using Google's multimodal large language model, Gemini.Waymo provided over 50,000 paid autonomous rides weekly in locations such as Phoenix (Arizona), <a href="https://sp-edge.com/updates/30915">San Francisco,</a> <a href="https://sp-edge.com/updates/28327">Los Angeles</a> (California), and <a href="https://sp-edge.com/updates/20652">Austin</a> (Texas) and had completed 2 million trips as of July 2024. Its other operational locations with non-commercial limited-time testing or deployments include <a href="https://sp-edge.com/updates/28523">Atlanta</a> (Georgia), <a href="https://sp-edge.com/updates/23958">Buffalo</a> (New York), <a href="https://sp-edge.com/updates/22285">Miami</a> (Florida), <a href="https://sp-edge.com/updates/12929">Bellevue</a> (Washington), <a href="https://sp-edge.com/updates/32674">Truckee (California), Upstate New York, and Michigan.</a>The company also acquired<a href="https://techcrunch.com/2019/12/12/waymo-buys-latent-logic-drives-deeper-into-simulation-and-europe/"> Latent Logic</a> to complement the development of simulation technology for autonomous vehicles and establish its European engineering hub (December 2019).Key customers and partnershipsWaymo has sales partnerships with Uber <a href="https://sp-edge.com/updates/18794">(May 2023;</a> went live in <a href="https://sp-edge.com/updates/23136">October 2023)</a> and Lyft (May 2019) to offer robotaxi and autonomous food delivery services for the respective customers in Pheonix.Its notable product partnerships include ones with 1) Hyundai to obtain Hyundai IONIQ 5 EVs and retrofit with Waymo’s self-driving technology&nbsp;<a href="https://sp-edge.com/updates/34439">(October 2024),</a> 2) Chinese automaker Geely to build robotaxis for the US market (December 2021); 3) Jaguar Land Rover to retrofit “Jaguar I-PACE” vehicles with Waymo’s self-driving technology (2018); and 4) Intel for sensor processing, general compute, and connectivity technologies (2017).

Automation and robotics are finally creating solutions for the complexities of doorstep deliveries.

Last-mile Delivery Automation

California-based Cartken, founded by ex-Google engineers, develops AI-powered autonomous delivery droids (called “Model C”) operated via machine learning, rule-based programming algorithms, and multiple cameras for safe navigation. The startup targets curbside pickup, local deliveries, and campus deliveries. The company emerged from stealth <a href="https://sp-edge.com/updates/110">in March 2021 </a>(founded in 2019).Key customers and partnershipsCarkten has a product partnership with global contract manufacturer Magna International to manufacture its droids <a href="https://sp-edge.com/updates/12853">(September 2022).</a>The company’s deployment partners in the US include <a href="https://sp-edge.com/updates/110">REEF Technology </a>(for a trial in Miami, Florida), <a href="https://sp-edge.com/updates/8498">AC Hotel Miami Dadeland, </a>Uber Eats (for deliveries in <a href="https://sp-edge.com/updates/15373">Miami </a>and <a href="https://sp-edge.com/updates/17895">Fairfax, Virginia), </a>and <a href="https://sp-edge.com/updates/11051">Grubhub </a>(for university deployments). Its deployment partners in other geographies include <a href="https://sp-edge.com/updates/7943">Mitsubishi Electric </a>and <a href="https://sp-edge.com/updates/26771">Uber Eats </a>(for deliveries in Japan), <a href="https://sp-edge.com/updates/19843">DPD </a>(for deliveries in the UK), and <a href="https://sp-edge.com/updates/18951">REWE </a>(for deliveries in Germany).

Generating, collecting, and analyzing enterprise data will never be the same.

Edge Computing

<div>
 
 Blaize (formerly known as ThinCI) offers artificial intelligence (AI) computing hardware and software products aimed to facilitate the migration of AI computing out of the data center to the edge. Founded in 2010 and out of stealth in November 2019, Blaize initially focused on chips to speed up vision and radar. Subsequently, its focus has expanded to data centers, edge infrastructure devices, and enterprise client devices.&nbsp;
 
 
 The Blaize platforms are built on the Blaize Graph Streaming Processor (GSP) architecture. Most of the company&rsquo;s chips offer 16 tera operations per second (TOPS; with the exception of the Xplorer X1600P, which offers 64 TOPS), 20x better system-level efficiency vs. GPU/FPGA/CPUs for edge AI applications, enables 6x less memory bandwidth, and 10x lower latency.&nbsp;
 
 
 Additionally, its software suite comprises the Picasso System Development Kit (SDK) and AI studio. The SDK is aimed at software engineers working on algorithms, while the AI studio (launched in December 2020) is a no-code visual interface catering to a broad range of skill levels. The AI studio aims to reduce the cost, complexity, and time associated with deploying edge AI.&nbsp;&nbsp;&nbsp;&nbsp;
 
 
 The company caters to a wide range of end-users through its smart vision and automotive mobility applications. For instance, its smart vision uses data derived from visual devices such as cameras to enable smart factories, smart retail, and smart cities. In September 2020, Blaize launched its &ldquo;Xplorer&rdquo; and &ldquo;Pathfinder&rdquo; platforms.&nbsp;&nbsp;
 
 
 Key customers and partnerships
 
 
 The company has also entered into several product and sales partnerships in the Asian region. It 
 <a href="https://sp-edge.com/updates/5726">
 partnered with Vecow 
 </a>
 &nbsp;(in September 2021) to launch the Vecow &ldquo;ECX-2400&rdquo; workstation-grade AI Computing System, reportedly capable of delivering up to 80 TOPS. It also partnered with 
 <a href="https://sp-edge.com/updates/2668">
 Weikeng Industrial
 </a>
 Co Ltd, (June 2021), 
 <a href="https://sp-edge.com/updates/6139">
 Digital China Information Service Co Ltd (DCITS)
 </a>
 (October 2021), and 
 <a href="https://sp-edge.com/updates/2588">
 NSITEXE
 </a>
 (November 2020) to expand its sales footprint. &nbsp;In May 2022, the company 
 <a href="https://sp-edge.com/updates/10455?industryIds=16">
 partnered 
 </a>
 with 
 <a href="https://sp-edge.com/companies/351962">
 Innovatrics
 </a>
 , a facial recognition solutions provider, to develop ready-to-use facial recognition solutions for access control and public security. In September 2022, Blaize, 
 <a href="https://sp-edge.com/updates/12856">
 partnered with OrionVM
 </a>
 , a cloud platform and infrastructure provider, to develop a new edge AI service. The new solution enables organizations across a number of different industries to virtualize graph streaming processor chips for edge AI and sensor fusion applications and develop dedicated AI environments and applications that use large data sets.&nbsp;&nbsp;
 
 
 Funding and financials
 
 
 In 
 <a href="https://sp-edge.com/updates/29003">
 April 2024
 </a>
 , Blaize raised USD 106 million in a funding round. The round saw participation from current investors such as Bess Ventures, Franklin Templeton, DENSO, Mercedes Benz, and Temasek, along with new financial backers Rizvi Traverse, Ava Investors, and BurTech LP LLC. The capital raised will bolster Blaize's balance sheet and expedite the development of its AI computing platforms and solutions, primarily from the Edge to the data center. 
 
 
 
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Using online platforms, autonomy, electric and fuel-cell tech solutions to shape the future of trucking.

Truck Industry Tech

<div>
 
 Israel-based REE Automotive offers customizable four-wheeled, electric chassis platforms that are also autonomous-ready. Its signature technology, &ldquo;REEcorner,&rdquo; integrates all vehicle components, such as steering, braking, suspension, powertrain, and control, into a single compact module located between the chassis and the wheel. This creates fully flat and highly modular EV platforms, which offer significant design freedom and optimization for passenger, cargo, and battery space. REE&rsquo;s platforms cater to various commercial EVs and are also designed to be autonomous-capable. The models are 1) &ldquo;P7 Chassis,&rdquo; a medium-duty chassis for electric commercial vehicles from Class 3&ndash;5; 2) 
 <a href="https://sp-edge.com/updates/25531">
 &ldquo;P7-C Chassis Cab,&rdquo;
 </a>
 a medium-duty Class 4 electric chassis cab; 3) 
 <a href="https://sp-edge.com/updates/29633">
 &ldquo;P7-S,&rdquo;
 </a>
 Class 5 stripped chassis; and 4) &ldquo;Proxima,&rdquo; a Class 5 electric delivery van.&nbsp;
 
 
 The company has dealers across North America. As of April 2024, REE Automotive had an order book worth over USD 50 million and planned to commence mass production by Q4 2024 through a US-based contract manufacturer.&nbsp;
 
 
 REE Automotive, listed on Nasdaq since July 2021, 
 <a href="https://sp-edge.com/updates/76">
 went public
 </a>
 by merging with the blank-check company in a deal valuing the company at USD 3.6 billion, with USD 500 million provided to the company. REE Automotive revenue of USD 1.6 million and reported an operating loss of USD 119.9 million during the year ended December 2023.
 
 
 Key customers and partnerships
 
 
 The company formed several strategic product partnerships including with 1) Magna International, a mobility technology company 
 <a href="https://sp-edge.com/updates/117">
 (April 2021),
 </a>
 2) Hino Motors, a Toyota subsidiary that manufactures commercial vehicles and diesel engines 
 <a href="https://sp-edge.com/updates/134">
 (April 2021),
 </a>
 3) Navya, a French self-driving tech company 
 <a href="https://sp-edge.com/updates/126">
 (April 2021)
 </a>
 , 4) American Axle &amp; Manufacturing, a US-based automotive supplier (May 2021; and November 2021), 5) Brembo, a break technology provider to supply braking systems (November 2021), 5) EAVX, a business unit of the commercial automotive and manufacturing goods and services provider JB Poindexter &amp; Co. (July 2021), 6) Hitachi America 
 <a href="https://sp-edge.com/sectors/commerce-and-hospitality/updates/7347">
 (December 2021)
 </a>
 , and 7) Knapheide, a North American work truck body manufacturer (
 <a href="https://sp-edge.com/updates/21337">
 August 2023
 </a>
 ).
 
 
 Key competitors: None comparable 
 (REE Automotive is the only company to build autonomous-ready electric chassis platforms for trucks.)
 
</div>

Information to create a more efficient, cleaner and safer way to travel in the city of the future

Smart Mobility Information

<div>
 
 Populus provides city municipalities with mobility data and tools to manage shared mobility and parking policies in cities. Populus&rsquo;s mobility management tool specializes in providing data on micromobility solutions such as bikes, scooters, and mopeds to help formulate policies and monitor compliance. In 2020, Populus expanded its services to include a Street and curb manager platform, providing data on curb parking demand to help plan and create street policies and curbside parking policies and communicate them to relevant stakeholders including map platforms, shared mobility operators, and autonomous vehicles. Populus applies machine learning (ML) techniques to deliver insights, leveraging data from 40+ micromobility operators covering more than 150 million shared mobility trips. 
 
 
 Key customers and partnerships
 
 
 
 As of January 2022, Populus was available in more than 80 cities on 4 continents including cities in the US, Israel, and Brazil. 
 
 
 In 2020, Populus was selected for an initiative funded by the US Department of Transportation to improve micromobility safety. In October 2021, Populus was selected for Phase II of the initiative, which will be expanded to 15 US cities including Cleveland, Lexington, and Charlotteville. In June 2022, Populus was awarded a contract to manage the 
 <a href="https://sp-edge.com/updates/11252">
 city of Chicago&rsquo;s shared Scooter and bikes program
 </a>
 .&nbsp;
 
 
 Funding and financials
 
 
 In August 2022, the company raised 
 <a href="https://sp-edge.com/updates/12693?industryIds=66">
 USD 11 million in a Series A funding
 </a>
 round co-led by Zero Infinity Partners and Climactic. It will use the funds for the development of its existing suite as well as its proprietary curb management software. It also planned to increase its headcount by 2x from 25 over the next year. Additionally, Populus reported that it had launched pilot projects in several European cities and planned to focus on congestion pricing in future. The round follows its USD 5 million seed funding in March 2021 led by Storm Ventures and Magna. 
 
</div>

Electrifying passenger and commercial travel

EV Economy

Addionics, a British next-gen battery-tech company, develops smart 3D electrodes for EV batteries by optimizing AI-based algorithms. The company states that its tech could improve the cost and performance of any EV battery. The company collaborated with leading automotive OEMs and suppliers in the US and Europe to integrate its technology with lithium-nickel-manganese-cobalt-oxide (NMC), lithium iron phosphate, silicon, lithium polymer battery chemistries, and solid state batteries.In <a href="https://sp-edge.com/updates/27236">February 2024</a>, Addionics reported a planned USD 400 million investment into its US manufacturing facilities to expand domestic EV battery production in the country. The new facilities will produce 3D copper foils to support 90 GWh of battery capacity, annually. The company’s first factory is set to begin production in 2027, with additional plants expected to come online in 2032.Key customers and partnershipsIn June 2022, Addionics <a href="https://sp-edge.com/updates/11083">partnered </a>with Blitz Motors, an Israel based smart electric moped manufacturer, to provide smart 3D electrodes and develop Li-ion batteries. In August 2021, Addionics partnered with the Center of Process Innovation (CPI) and the University of Warwick’s WMG to improve lithium-ion battery cell performance and manufacturing processes. In April 2021, Addionics also partnered with Saint-Gobain Ceramics, a manufacturer of materials for construction, mobility, healthcare, and other industrial segments to develop high-power, high-capacity solid-state batteries for EVs.Funding and financialsIn January 2022, the company raised USD 27 million in Series A funding. The proceeds were to be used to redesign existing battery architecture with Addionics’ Smart 3D Electrodes. The company planned to commercialize its solution by 2024.

Riding together toward a sustainable future

Shared Mobility

<div>
 
 Lyft is a technology company that provides an on-demand ride-hailing platform connecting passengers with drivers. The company operates a mobile app that allows users to request rides from nearby drivers using their personal vehicles. Lyft's primary offering is private rides, enabling passengers to book individual trips for transportation. In addition to rides, the company expanded into food and package delivery services in recent years.
 
 
 
 
 Lyft's business model relies on leveraging its network of independent contractor drivers who utilize the platform to accept ride requests. The company charges a commission on each completed trip, with the remaining fare going to the driver. Lyft has implemented various features within its app to streamline the ride experience, such as upfront pricing for passengers and in-app tipping for drivers.
 
 
 
 
 Lyft's technology facilitates the ride-hailing process by matching nearby available drivers with passenger requests, optimizing for factors like proximity and demand. The app leverages GPS tracking to provide real-time updates on driver locations and estimated arrival times. Passengers can rate drivers after each trip, contributing to the platform's safety measures.
 
 
 
 
 In terms of market presence, Lyft operates primarily in the US and Canada. As of March 2024, the company held a 24% market share in the US rideshare industry, trailing behind its larger competitor, Uber. Lyft's observed sales saw a 3% year-over-year increase in March 2024, though they have yet to surpass pre-pandemic levels.
 
 
 
</div>

A new generation of building blocks for emerging tech

Next-gen Semiconductors

Blaize is a provider of purpose-built, AI-enabled edge computing solutions. The company has developed a suite of full-stack programmable processor architectures and low-code/no-code software platforms designed to enable enterprises to harness the power of AI at the edge of networks and in data centers. Blaize's technology is aimed at delivering real-time insights and decision-making capabilities with speed and efficiency across diverse markets including automotive, mobility, retail, security, industrial automation, and healthcare.
At the core of Blaize's offerings is its Graph Streaming Processor (GSP), a fully programmable AI accelerator processor designed for edge and data center applications. The GSP is engineered to provide high-performance computing at low power consumption, with minimal latency and high efficiency. Blaize claims its processor architecture can deliver up to 60 times higher efficiency levels than traditional GPUs and CPUs for edge computing applications, while enabling 50 times less memory bandwidth and 10 times lower latency.
Complementing its hardware, Blaize offers software tools including AI Studio and Picasso SDK. AI Studio is an intuitive, low-code/no-code development environment designed to simplify the creation and deployment of AI models at the edge. The Picasso SDK is a graph-native and open software environment that aims to accelerate the entire AI application development cycle.
Blaize's product lineup includes 16-core chips capable of delivering 16 tera operations per second (TOPS) of AI inference within a 7-watt power envelope. The company also produces accelerator cards and small palm-sized modules that can be integrated into various systems and servers.
In December 2023, Blaize announced plans to go public through a business combination with BurTech Acquisition Corp., with the transaction valuing Blaize at a pro forma enterprise value of USD 894 million. The company expects to be listed on Nasdaq under a new ticker symbol upon completion of the merger.

Revolutionizing efficiency by redefining human interactions

Humanoid Robots

Sanctuary AI is focused on creating human-like artificial intelligence in general-purpose robots. Their flagship product is Phoenix, a humanoid robot designed to perform a wide range of tasks across various industries. Phoenix is powered by Carbon, an innovative AI control system that gives the robot human-like intelligence and the ability to learn and execute complex tasks.
Sanctuary AI's robots are designed to closely mimic the human form and function, standing at 5'7" and weighing 155 lbs. Phoenix boasts industry-leading robotic hands with 20 degrees of freedom, rivaling human dexterity and featuring proprietary haptic technology for a sense of touch. The robots can lift payloads up to 55 lbs and move at a maximum speed of three miles per hour.
Carbon, the AI control system, integrates modern AI technologies to translate natural language into real-world actions, allowing Phoenix to think and act like a human. It enables explainable and auditable reasoning, task planning, and motion execution. The system uses deep learning, reinforcement learning, and photo-realistic simulations to train the robots. As of April 2024, the seventh generation of Phoenix can automate new tasks in less than 24 hours, a significant milestone in task automation speed and autonomous system capability.
Sanctuary AI's robots have been successfully deployed in commercial settings, completing hundreds of tasks across various industries, including retail, logistics, healthcare, and manufacturing. In March 2023, the company announced its first commercial deployment with a major Canadian retailer, where the robots performed front-of-store and logistics tasks.
Key customers and partnerships
Sanctuary AI has formed strategic partnerships with several industry leaders to advance the development and deployment of its general-purpose robots. In April 2024, the company announced a collaboration with Magna International, a global mobility technology company. This partnership includes the deployment of Sanctuary AI's robots in Magna's manufacturing operations, as well as a joint effort to improve the cost and scalability of the robots using Magna's automotive expertise and engineering capabilities.
Additionally, Sanctuary AI has partnered with Microsoft to leverage the tech giant's Azure cloud resources for AI workloads. This collaboration aims to accelerate the development of AI models for humanoid robots, enabling Sanctuary AI to explore the future of general-purpose robots across various use cases and industries.

Cartken is a delivery robot developer that specializes in transporting items over small distances and within neighborhoods. The company's robots are outfitted with several sensors and cameras that allow them to stop on a dime to prevent collisions and choose the least hazardous routes. They also provide a quick deploy option that does not require integration, making it extremely simple to get started.

Yulu is a micro-mobility platform that is solving for traffic congestion and air pollution in India by providing human and battery powered micro-light 2 wheelers. Yulu uses IoT, Cloud, and AI to create a vast network of shared dockless vehicles that can be rented easily by an app in pay per use business model.

Permanent magnets are essential components in various technologies, including electric vehicles, wind turbines, and many electronic devices. Niron Magnetics focuses on creating high-performance, rare-earth-free magnets. This is significant because traditional rare-earth magnets, which often use materials like neodymium and dysprosium, can face supply chain challenges due to the limited availability of these elements. By developing alternatives to traditional rare-earth magnets, Niron Magnetics aims to address issues related to material scarcity, cost, and environmental concerns. Their innovations could contribute to the sustainability and reliability of technologies that rely on permanent magnets. Niron was founded in 2014 as a spinout of University of Minnesota and is based on technology that has received the support of ARPA-E, the National Science Foundation (NSF), and the Department of Energy Office of Basic Energy Sciences.

Sanctuary Cognitive Systems Corporation (aka ''Sanctuary AI'') is a mission-driven company focused on developing human-like intelligence in general-purpose robots. The company was founded in 2018 and is headquartered in Vancouver, British Columbia. Sanctuary AI has built a humanoid general-purpose robot powered by Carbon™, a pioneering AI control system, and designed for work.

Addionics is creating next-generation batteries through intelligent 3D battery architecture and engineering.  It provides specialized improved rechargeable batteries by redesigning their architecture. With the largest markets in mind, the company invents new energy storage with higher energy density, lower charging time, and improved heat safety. Addionics is developing a new technology that transforms how energy is stored and delivered, positively impacting the environment. Today, the company is accelerating the development and scale-up of its proprietary technology to create the next generation of batteries to power the future. It provides specialized improved rechargeable batteries by redesigning their architecture.

REE is an automotive technology leader creating the cornerstone for tomorrow's zero-emission vehicles. REE’s mission is to empower global mobility companies to build any size or shape of electric or autonomous vehicle – from class 1 through class 6 – for any application and any target market. Our revolutionary, award-winning REEcorner technology packs traditional vehicle drive components (steering, braking, suspension, powertrain and control) into the arch of the wheel, allowing for the industry's flattest EV platform. Unrestricted by legacy thinking, REE is a truly horizontal player, with technology applicable to the widest range of target markets and applications. Fully scalable and completely modular, REE offers multiple customer benefits including complete vehicle design freedom, more space and volume with the smallest footprint, lower TCO, faster development times, ADAS compatibility, reduced maintenance and global safety standard compliance.

Waymo stands for a new way forward in mobility. it is a self-driving technology company with a mission to make it safe and easy for people and things to move around. Waymo improves transportation by building software and sensor technology developed in Google’s labs since 2009. In October 2015, they achieved the world’s first fully self-driving trip on public roads, in a car without a steering wheel or pedals. They refine Waymo technology through one billion miles of simulation testing each year, and the cars have self-driven over two million miles on public roads across four U.S. cities.

Innoviz is a manufacturer of solid-state LiDAR sensors and perception software that enable the mass-production of autonomous vehicles. InnovizPro is a solid-state LiDAR that offers outstanding performance and value for automotive and other applications. InnovizOne is a cutting-edge, automotive-grade LiDAR sensor that provides superior 3D sensing for Level 3-Level 5 autonomous driving.  The company is backed by top-tier strategic partners and investors, including Magna International, Samsung, Aptiv, Magma Venture Partners, Vertex Ventures, SoftBank Ventures Asia, China Merchants Capital (SINO-BLR Industrial Investment Fund, L.P.), 360 Capital Partners, Glory Ventures, Naver,  Shenzhen Capital Group, New Alliance Capital, Harel Insurance Investments and Financial Services, Phoenix Insurance Company, and others.

Populus is a platform for cities to manage and price commercial fleets to deliver safer more sustainable streets. Over 100 cities around the world rely on Populus to receive GPS data from commercial vehicles, and are now leveraging their platform to create, manage, and enforce payment for access to curbs to prioritize transitions to lower carbon transportation.

Lyft designs, markets, and operates a mobile application that matches drivers with passengers who request rides, and also allows payment through the app. It also allows riders to schedule rides up to seven days in advance. Its services are primarily focused on college, university, and corporate communities. Lyft is a fast-growing ridesharing company in the U.S. and is available to 95 percent of the US population. Lyft was founded in June 2012 by Logan Green and John Zimmer in San Francisco, California.

Next AI is a world-class founder and venture development acceleration network for AI-enabled startups. Founders can be part of the ecosystem from anywhere in Canada, following the program remotely or in-person from the Toronto or Montreal sites.  Taking advantage of a renowned network of AI and business experts, Next AI provides support on both AI product development and market commercialisation.   Each year, we identify the top early-stage teams developing ambitious AI-powered solutions and we provide them with the mentorship, education and network to have a global impact.

Blaize is a leading provider of a proprietary purpose-built, full-stack hardware architecture and low-code/no code software platform that enables edge AI processing solutions at the network’s edge for computing in multiple large and rapidly growing markets — automotive, mobility, retail, security, industrial automation, medical devices, and many others. Blaize’s novel solution solves the technical problem that edge AI processing requires across those verticals — very low latency and high thermal and power efficiency — which previously relied on retrofitting sub-optimized AI solutions designed more for data centers and the cloud. Blaize has previously raised over $200MM from strategic investors such as DENSO, Daimler, Magna, Samsung, and Bess Ventures and financial investors such as Franklin Templeton, Temasek, GGV, and others. With headquarters in El Dorado Hills (CA), Blaize has teams in San Jose (CA), North Carolina, and subsidiaries in Hyderabad (India), and Leeds and Kings Langley (UK), with 200+ employees worldwide. www.blaize.com. Follow Blaize on X (@blaizeinc) and LinkedIn (Blaize).

PlaxidityX, originally founded as Argus Cyber Security Ltd., a global leader in mobility cyber security, provides DevSecOps, vehicle protection and fleet protection technologies and services for automotive and mobility manufacturers. PlaxidityX’s solutions ensure that vehicle components, networks, and fleets are secured and compliant throughout their life cycle. PlaxidityX innovative methods and solutions are based on decades of cyber security and automotive research and have culminated in over 70 granted and pending patents.  Founded in 2014, PlaxidityX is headquartered in Israel, with a global footprint in USA, Germany, France, Japan, Korea, Poland and India. Argus’ innovative methods and solutions are based on decades of cyber security and automotive research and have culminated in over 100 granted and pending patents.  Founded in 2014, Argus is headquartered in Israel, with offices in USA, Germany, France, Japan, and Korea.

Peloton Technology was founded in 2011 by a team of Silicon Valley entrepreneurs to address major pain points of today’s trucking fleets – accidents and fuel costs. Peloton's system uses radar and DSRC vehicle-to-vehicle communications to link active safety systems between pairs of trucks, reducing collision-related expenses and fuel costs. The drivers remain fully engaged and retain steering control, while the system controls acceleration and braking similar to adaptive cruise control. The dramatic reduction in aerodynamic drag in these platoons provides substantial improvements in fuel economy for both the trailing and leading trucks: with on-road testing showing average savings of over 7% between the two trucks.

Zubie is a connected vehicle services company focused on providing consumers and businesses relevant vehicle health, location, and safety information. With a simple plug-in of the Zubie key, users can easily monitor their vehicle data through its Zubie mobile apps for both iOS and Android. Learn more about our low-cost fleet management solution for businesses at http://zubie.com/fleet or our consumer offering at http://zubie.com. A Zubie subscription includes the Zubie Key (OBDII device), iOS/Android apps, and online web portal.

Magna is a leading global automotive supplier with 317 manufacturing operations and 83 product development, engineering and sales centres in 29 countries. Magna has over 130,000 employees focused on delivering superior value to our customers through innovative products and processes, and World Class Manufacturing. Magna's product capabilities include producing body, chassis, interior, exterior, seating, powertrain, electronic, vision, closure and roof systems and modules, as well as complete vehicle engineering and contract manufacturing.

<div> Magna International Inc. (TSX: MG) is a leading global automotive supplier headquartered in Ontario, Canada. Founded in 1957, the company designs, develops, and manufactures automotive systems, assemblies, modules, and components for major automakers worldwide. Magna has been listed on the Fortune Global 500 every year since 2001, cementing its position as one of Canada's largest companies and North America's largest automotive parts manufacturer. Magna's product portfolio includes: <ul> <li> Automotive seating systems </li> <li> Battery enclosures for electric vehicles </li> <li> Vehicle frames and structures </li> <li> Electric powertrain systems </li> <li> Advanced driver assistance systems (ADAS) </li> <li> Autonomous driving technology </li> <li> Body and chassis systems </li> </ul> The company operates manufacturing facilities in over 27 countries, employing more than 177,400 people globally as of December 2023. Magna's largest workforce is in Mexico with 29,650 employees, followed by China with 29,150 and the US with 27,975. In recent developments, Magna announced a USD 790 million investment in April 2023 to build three new manufacturing plants in the US, supporting Ford Motor Co.'s electric vehicle production goals. In April 2024, the company formed a strategic partnership with Sanctuary AI to develop and deploy general-purpose AI robots in its manufacturing operations. Additionally, Magna initiated a share buyback plan in February 2024, authorizing the repurchase of up to 300,000 common shares by February 14, 2025. The company continues to focus on innovation in electric vehicle technology and autonomous driving systems to maintain its competitive edge in the evolving automotive industry. </div>

Magna International misses Q3 estimates, updates FY outlook (NYSE:MGA)

Refers to unmanned aerial vehicles (UAVs) that deliver packages. Drones are already in commercial use in many other industries (such as photography, construction, and agriculture). The use of drones for goods delivery has emerged with the gradual advancement of battery and connectivity technologies.

Refers to autonomous vehicles that use pedestrian walkways and travel a little faster than average walking speed (generally 3-6 miles an hour). These vehicles can usually carry up to around 20 lb. and use a camera, radar, and sensors to move autonomously. 

This is a sub-branch of self-driving cars and represents autonomous vehicles that can move along public roads. The technology used is similar to self-driving cars. ADVs have a higher load capacity and travel at a faster speed than vehicles like droids.

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 Alphabet's self-driving tech development subsidiary, Waymo, has teamed up with global automotive supplier Magna International. The partnership will involve assembling Waymo's vehicles at Magna's new plant in Mesa, Arizona.
 The collaboration includes integrating Waymo's fully automated driving technology into cars in Mesa. It aims to outfit "thousands of" Waymo's electric Jaguar SUVs, thereby assisting the company's growth.
 In the past, the complete assembly of Waymo's vehicles was conducted at a Detroit-based Magna facility.
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