“We’re thrilled to have been chosen by DiDi and we value our relationship with this leading-edge company. We are looking forward to further technological collaborations in support of the advancement of autonomous driving technologies.” said John Pan, General Manager, Asia at Airgain.
The analysts see two principal drivers of growth from the eight years from 2020, where Auto Trader “can add £330 million of revenue”, which would represent a 9% compound annual growth rate versus 8% in previous forecasts.
AutoX isn't new to the scene and has tested in California for the past three years. The company's Chief Operating Officer said its technology "can go in deep" and will be "safe for the public," in confirming its permit application with the publication.
The company plans to use the fresh investment to fuel its continued expansion within its current markets and further develop its mobility ecosystem. MVLLabs also intends to funnel investments into building and delivering new products and services.