Leading European tech and AI startups, including Revolut, Mistral, Wayve, and ElevenLabs, are supporting the 'Built in Europe' campaign to encourage startup activity in Europe and counter the perception that founders must relocate to Silicon Valley. The initiative, launched by Balderton Capital and backed by over 100 founders, highlights European tech achievements and aims to retain talent on the continent.
Wayve, a UK-based artificial intelligence startup, will see its autonomous driving technology incorporated into vehicles manufactured by Stellantis for the US market. This partnership marks an expansion of Wayve’s AI-driven self-driving solutions into American automotive production.
Uber, Wayve, and Nissan have announced plans to introduce a robotaxi service in Tokyo later this year. The initiative will combine ridesharing expertise, automotive technology, and AI-driven self-driving systems. The move highlights increasing competition in the autonomous vehicle sector within major global cities.
Qualcomm and Wayve have announced a partnership to deliver an integrated physical AI platform for the automotive sector. The collaboration is designed to simplify the adoption of advanced driver assistance and autonomous systems, streamlining production for automakers. By unifying hardware and AI software, the initiative aims to accelerate innovation and reduce complexity in deploying autonomous vehicle technologies.
Wayve has secured $1.2 billion in Series D funding, bringing its valuation to $8.6 billion as it prepares to scale deployment of its AI-driven autonomous driving technology. The investment round includes backing from leading automotive manufacturers and technology partners, with plans for commercial rollout in partnership with Uber and major carmakers. Wayve's approach leverages embodied AI and foundation models to deliver adaptable, production-ready autonomy across markets.
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