WAYVE, AN AI DRIVERLESS CAR START-UP IN EUROPE, RAISES $1.2 BILLION

Summary from the TLDR newsletter

Wayve has raised $1.2 billion in a deal that values the London-based autonomous vehicle software startup at $8.6 billion. The funding, which could grow to $1.5 billion if it hits certain performance targets, is one of the largest amounts raised by a European startup. Wayve expects to have its driverless taxis on the road for customers this year through a commercial trial with Uber. Consumer vehicles incorporating its technology will be available to buy by 2027.