NZ founder’s autonomous vehicle startup raises $294m

CEO Alex Kendall said Wayve's approach to autonomous vehicles is "contrarian". (Image: supplied)

Wed, 19 Jan 2022

A New Zealander who founded an autonomous vehicle startup is confident autonomous driving is "the biggest change to our urban lives that we’ve seen for quite a long time”.Alex Kendall's startup, Wayve, which is based in London, has just raised US$200 million (NZ$294m) in a Series B round led by venture capital firm Eclipse Ventures.Wayve’s driverless car technology is based on machine learning and uses cameras. It adopts an approach Kendall said is different to that of rival companies, such as Tesla and Alphabet&rsquo...

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