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 Wayve, a British autonomous-driving tech startup, is establishing a new R&amp;D center in Vancouver, Canada its second facility in North America and third overall, with other offices located in London, UK, and Mountain View, California.
 
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 Through the expansion, the company aims to extend its reach and improve access to skilled professionals.
 
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 The choice of Vancouver reflects the city's emerging status as a tech hub, bolstered by its proximity to Seattle and the presence of major tech firms like Microsoft and Amazon. Vancouver's favorable immigration policies and supportive environment for AI and innovation were also key factors in this decision.
 
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 Analyst QuickTake: 
 Wayve's technology uses AI to autonomously learn driving rules and behaviors instead of being pre-programmed, enhancing its adaptability to new environments and unpredictable situations. The company has trialed the tech in partnership with British grocery retailer 
 <a href="https://sp-edge.com/updates/17735">
 Asda
 </a>
 and online grocer 
 <a href="https://sp-edge.com/updates/5854">
 Ocado.
 </a>
 
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 <a href="https://www.bnnbloomberg.ca/microsoft-backed-self-driving-startup-wayve-expands-to-vancouver-1.2057888">
 BNN Bloomberg
 </a>
 
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Last-mile Delivery Automation

ANALYST_QUICK_TAKE

<div>
 British autonomous-driving tech startup, Wayve, is launching a new R&amp;D center in Vancouver, Canada. This will be the company's second North American facility and third globally, complementing their London and Mountain View, California offices.
 This expansion is aimed at broadening Wayve's global reach and enhancing its access to skilled professionals.
 Vancouver was chosen for its budding reputation as a tech hub, its close proximity to Seattle, and the presence of major tech corporations such as Microsoft and Amazon. In addition, Vancouver’s encouraging immigration policies and nurturing environment for AI and innovation played considerable roles in Wayve's decision.

</div> Analyst QuickTake: 
 Wayve's technology uses AI to autonomously learn driving rules and behaviors instead of being pre-programmed, enhancing its adaptability to new environments and unpredictable situations. The company has trialed the tech in partnership with British grocery retailer <a href="https: 
//sp-edge.com/updates/17735"> Asda </a> and online grocer <a href="https: 
//sp-edge.com/updates/5854"> Ocado. </a>

Wayve to establish new R&D center in Vancouver

Autonomous and connected technologies shaping the future of the auto industry

Auto Tech

<div>
 Wayve, a British tech startup specializing in autonomous driving, is setting up a new R&amp;D center in Vancouver, Canada. This marks their second facility in North America and third globally, with existing offices in London, UK, and Mountain View, California.
 The company's expansion aims to extend its reach and enhance accessibility to proficient professionals.
 Vancouver was chosen due to its budding status as a tech hub, strengthened by its closeness to Seattle and the establishment of major tech corporations like Microsoft and Amazon. Plus, Vancouver's favorable immigration policies and an encouraging environment for AI and innovation were significant in dictating this choice.
 
</div> Analyst QuickTake: 
 Wayve's technology uses AI to autonomously learn driving rules and behaviors instead of being pre-programmed, enhancing its adaptability to new environments and unpredictable situations. The company has trialed the tech in partnership with British grocery retailer <a href="https: 
//sp-edge.com/updates/17735"> Asda </a> and online grocer <a href="https: 
//sp-edge.com/updates/5854"> Ocado. </a>

The UK government's Centre for Connected and Autonomous Vehicles (CCAV) is providing £18.5 million ($23.3 million) to fund 13 projects related to self-driving technology. The funding comes as part of a larger £50 million ($62.9 million) initiative to support green technology and create jobs. The funded projects include Wayve's AI-based autonomous driving technology, Nissan's self-driving technology for urban areas, and Zero Point Motion's automotive sensor technology. The UK government aims for 40% of new car sales in 2035 to have self-driving capabilities, leading to a £41.7 billion ($52.5 billion) market and 40,000 jobs in connected and automated vehicle technology.

All Updates

Wayve to establish new R&D center in Vancouver

Wayve to establish new R&D center in Vancouver

UK authorities allocate GBP 18.5 million to fund 13 self-driving tech-related projects

Wayve extends partnership with Asda to launch self-driving grocery delivery in the UK

Wayve raises USD 200 million in Series B funding

Ocado invests GBP 10 million in Wayve; plans to develop an autonomous grocery delivery