Wayve secures over $1bn to accelerate development of self-driving car AI tech

Michael Holder
clock • 3 min read
Credit: Wayve
Image:

Credit: Wayve

Firm hailed as 'British success story' by UK government after securing what is though to be largest ever investment in a domestic AI company

Wayve has secured over $1bn of backing from a range of investors to further accelerate the development of its artificial intelligence (AI) technology for self-driving electric cars, marking the biggest...

To continue reading this article...

Join BusinessGreen

In just a few clicks you can start your free BusinessGreen Lite membership for 12 months, providing you access to:

  • Three complimentary articles per month covering the latest real-time news, analysis, and opinion from Europe’s leading source of information on the Green economy and business
  • Receive important and breaking news stories via our daily news alert
  • Our weekly newsletter with the best of the week’s green business news and analysis

Join now

 

Already a BusinessGreen member?

Login

Michael Holder
Author spotlight

Michael Holder

Editor

View profile
More from Michael Holder

Heathrow Airport insists controversial £49bn third runway plan aligns with 2050 net zero goal

'We are going in the wrong direction': Government faces calls to deliver 'bold' new circular economy strategy

More on Technology

'New and improved': Ofgem proposes revamp for smart meter rules
Technology

'New and improved': Ofgem proposes revamp for smart meter rules

Energy regulator unveils proposals for updated standards and beefed up compensation packages for households with faulty or delayed smart meters

Amber Rolt
clock 07 August 2025 • 3 min read
'We're calling on Britain's brightest minds': Science Minister urges tech pioneers to tackle peak electricity challenge
Technology

'We're calling on Britain's brightest minds': Science Minister urges tech pioneers to tackle peak electricity challenge

Science Minister Lord Vallance announces new 2GW Peak Time Flexibility challenge to help researchers develop cutting edge technologies that can manage an increasingly flexible grid

Amber Rolt
clock 07 August 2025 • 2 min read
Kensa and Octopus Energy break ground on pioneering ground source heat pump network
Technology

Kensa and Octopus Energy break ground on pioneering ground source heat pump network

Network in South Wales to provide clean heat for 114 new homes and provide template for green infrastructure investment

Amber Rolt
clock 07 August 2025 • 4 min read