Motional

Ouster Announces Record Revenue for Fourth Quarter and Full Year 2023

Retrieved on: 
Tuesday, March 26, 2024
Technology, Audio, Video, Robotics, Automotive Manufacturing, Manufacturing, Automotive, Vehicle Technology, Autonomous Driving, Vehicles, Transport, Sustainability, Software, Hardware, Semiconductor, Satellite, OS, Growth, Webcast, Statistics, Chronos, Investment, Gemini, Safety, GAAP, ID, Motional, Silicon, Video game

Net loss of $39 million, compared to $35 million in the third quarter of 2023.

Key Points: 
  • Net loss of $39 million, compared to $35 million in the third quarter of 2023.
  • Adjusted EBITDA2 loss of $14 million, compared to a loss of $18 million in the third quarter of 2023.
  • "Ouster had a transformative year, reporting record revenue of $83 million and bookings of $142 million in 2023.
  • For the first quarter of 2024, Ouster expects to achieve $25 million to $26 million in revenue.

May Mobility CEO Edwin Olson to speak at CES® 2024

Retrieved on: 
Wednesday, January 3, 2024
Rural area, Motional, News, ANN, Transport, CES, Mobility

May Mobility is dedicated to leveraging its expertise to create solutions that not only enhance mobility but also foster social and economic empowerment in underserved communities.

Key Points: 
  • May Mobility is dedicated to leveraging its expertise to create solutions that not only enhance mobility but also foster social and economic empowerment in underserved communities.
  • May Mobility is a trailblazer in autonomous transportation, spearheading this initiative as part of its commitment to fostering safe, reliable and accessible mobility solutions.
  • May Mobility's CEO Edwin Olson will speak on the following panels at CES:
    Tuesday, January 9, 2024, at 1 - 1:40 p.m.
    "These panels at CES® 2024 highlight the consumer interest in autonomous vehicles beyond the traditional robotaxi model," said Edwin Olson, CEO and co-founder of May Mobility.
  • To meet with May Mobility executives during CES® 2024, visit May Mobility in the Aeva booth #6841 in the LVCC West Hall.

Summer Craze Fowler Joins Torc Robotics as the Chief Information Security Officer

Retrieved on: 
Tuesday, December 5, 2023
Computer security, Fowler, Motional, AI, Argo AI, CISO, Torc Robotics, Safety, Argo, Johns Hopkins, Robotics, Carnegie Mellon University, Senior, Medical device

BLACKSBURG, VA., Dec. 05, 2023 (GLOBE NEWSWIRE) -- Torc Robotics , an independent subsidiary of Daimler Truck AG and a pioneer in commercializing self-driving vehicle technology, today announced the appointment of Summer Craze Fowler as the company’s Chief Information Security Officer (CISO).

Key Points: 
  • BLACKSBURG, VA., Dec. 05, 2023 (GLOBE NEWSWIRE) -- Torc Robotics , an independent subsidiary of Daimler Truck AG and a pioneer in commercializing self-driving vehicle technology, today announced the appointment of Summer Craze Fowler as the company’s Chief Information Security Officer (CISO).
  • Fowler brings more than two decades of experience developing and executing successful technical strategies that align with business goals and objectives.
  • In her role, she will collaborate with Torc leadership to develop a strategic security and risk management program, implement security policies and procedures, manage security technologies and oversee security-awareness training.
  • “Her wealth of experience in driving security operations and leading technical strategy aligns perfectly with Torc Robotics, and we are excited for Summer to join the Torc team.”
    For more information on Torc, please visit: www.torc.ai

MOTIONAL IONIQ 5 ROBOTAXI TO BE MANUFACTURED AT NEW HYUNDAI MOTOR GROUP INNOVATION CENTER SINGAPORE

Retrieved on: 
Tuesday, November 21, 2023
Calibration, Safety, Hyundai Motor Group, Karl Iagnemma, AVS, Automation, Build automation, Motional, SAE, FMVSS, Certification, Hyundai, Transport, Automotive industry, Medical device

The first production-ready IONIQ 5 robotaxis will be deployed as part of Motional's commercial services in the U.S., starting in 2024.

Key Points: 
  • The first production-ready IONIQ 5 robotaxis will be deployed as part of Motional's commercial services in the U.S., starting in 2024.
  • Additionally, Motional and the Group revealed today that the IONIQ 5 robotaxi is one of the first SAE Level 4 autonomous vehicles (AVs) to be certified under the U.S. Federal Motor Vehicle Safety Standards (FMVSS).
  • "We're enormously proud to have the IONIQ 5 robotaxi manufactured at this facility and look forward to introducing the world to some of the first-ever FMVSS-certified autonomous vehicles.
  • For more information on the IONIQ 5 robotaxi and Motional's commercial services, visit Motional.com/news .

Ouster Achieves Q2 2023 Revenue Guidance; Increases Cost Savings Target

Retrieved on: 
Thursday, August 10, 2023
Environment, Technology, Semiconductor, Automotive, Vehicle Technology, Automotive Manufacturing, Manufacturing, Sustainability, Software, Velodyne, Electron capture, OS, GAAP, ID, BlueCity, EBITDA, Traction, DF, Investment, Motional, Gemini, Webcast, Robotics, NYSE, Video game, Clothing

First quarter 2023 comparative financial highlights are composed of Ouster standalone performance through February 10, 2023 and combined performance of both companies following the merger with Velodyne on February 10, 2023 through March 31, 2023.

Key Points: 
  • First quarter 2023 comparative financial highlights are composed of Ouster standalone performance through February 10, 2023 and combined performance of both companies following the merger with Velodyne on February 10, 2023 through March 31, 2023.
  • 2 Net loss includes goodwill impairment non-cash charges of $99 million in first quarter 2023 and $67 million in second quarter 2023.
  • Cost Savings: Following its June cost reduction announcement , Ouster now expects to realize annualized cost savings of over $110 million exiting the fourth quarter of 2023, baselined against the standalone cost structures of the two companies as of the third quarter 2022.
  • For the third quarter of 2023, Ouster expects to achieve $20 million to $22 million in revenue.

Fontinalis Partners Elevates Two Principals to Partner Roles and Welcomes New Operations Team Member

Retrieved on: 
Thursday, June 29, 2023
White House, Venture, Pepperdine University, AMP, National university, Four square, Robustness, Vanderbilt University, Movement, Aptiv, The, Investment, Pepperdine University School of Public Policy, Harvard Business School, Michigan State University, Motional, Venture for America, Improbable, NYSE, National University of Kyiv-Mohyla Academy, Cryptocurrency, Fontinalis

DETROIT and BOSTON, June 29, 2023 /PRNewswire-PRWeb/ -- Fontinalis Partners (www.fontinalis.com), a venture capital firm that pioneered investing in early-stage companies focused on enabling efficient and sustainable movement, today announces the promotion of two individuals—Dan Ratliff and Gabe Cunningham—to the role of Partner, and the addition of a new member to the operations team.

Key Points: 
  • Dan Ratliff, based in Detroit, joined Fontinalis in 2014 after starting his career in investment banking.
  • He has additionally played a key role in scaling the firm's operations as it has launched subsequent investment funds.
  • Chris Cheever, Founder & Partner, commented, "Dan and Gabe joined Fontinalis Partners at approximately the same time nine years ago but took different paths in reaching this point.
  • In addition to recent promotions, the Fontinalis team is also pleased to announce the addition of Tanya Bega to the operations team in the role of Investor Relations Director.

tvScientific Grows Leadership Ranks

Retrieved on: 
Thursday, June 29, 2023
Infillion, Product management, Attention economy, Advertising, Data science, Marketing, Head, Software engineering, CTV, Aspire, Microsoft, Xandr, SMS, Investment company, Hyundai, Snapchat, Machine learning, Adtech (company), Motional, Growth, Data, Hulu, Mobile phone, Video game, Management, Engineering

All four bring deep expertise to tvScientific and the CTV space, having held leadership roles at various other advertising and marketing technology companies.

Key Points: 
  • All four bring deep expertise to tvScientific and the CTV space, having held leadership roles at various other advertising and marketing technology companies.
  • In his new role at tvScientific, Chris will use his deep technical experience designing and building high-volume, cloud-native backend and data systems to mature the tvScientific technology platform and position the company for continued success in performance marketing.
  • “Chris, Matthew, Michael and Emily have all joined tvScientific during a banner year for the company, as we witness explosive growth in the CTV market and continual advancement of our comprehensive TV advertising platform,” said Jason Fairchild, CEO of tvScientific.
  • “With their experienced leadership at the helm of our marketing, technology and product divisions, we expect to continue growing the company as more and more advertisers discover the new capabilities that tvScientific makes possible.”

Ouster Exceeds Q1 2023 Revenue Guidance; Increases Target for Merger Cost Synergies

Retrieved on: 
Thursday, May 11, 2023
Semiconductor, Automotive, Automotive Manufacturing, General Automotive, Technology, Manufacturing, Performance & Special Interest, L3, Electron capture, Original equipment manufacturer, OS, GAAP, ID, EDT, BlueCity, EBITDA, Traction, DF, Investment, Mining, Motional, Gemini, Webcast, Vecna Robotics, Silicon, Robotics, L4, NYSE, Automation, Film industry, Video game, Cryptocurrency, Velodyne, Ouster

First quarter 2023 financial results are composed of Ouster standalone performance through February 10, 2023 and combined performance of both companies following the merger with Velodyne on February 10, 2023.

Key Points: 
  • First quarter 2023 financial results are composed of Ouster standalone performance through February 10, 2023 and combined performance of both companies following the merger with Velodyne on February 10, 2023.
  • 1 First quarter 2023 revenues include $6.4 million in revenue from Velodyne products following the merger but exclude revenues from Velodyne products prior to the merger on February 10, 2023.
  • Merger Integration: Ouster expects to realize annualized costs synergies greater than previously announced; now targeting $80 to $85 million exiting the fourth quarter of 2023.
  • For the second quarter of 2023, the first full quarter post-merger, Ouster expects to achieve $18 million to $20 million in revenue.

Ouster Awarded Production Win by Motional to be the Exclusive Supplier of Long-Range Lidar for its Autonomous Vehicles

Retrieved on: 
Thursday, May 11, 2023
Software, Other Manufacturing, Hardware, EV, Electric Vehicles, Automotive, Technology, Manufacturing, Other Technology, Learning, Alpha, Hyundai Motor Group, Level 4, Aptiv, Motional, AV, AVS, Robotaxi, NYSE, Bridge, Ouster

The serial production agreement will see Ouster supply Motional with Alpha Prime™ VLS-128 sensors through 2026.

Key Points: 
  • The serial production agreement will see Ouster supply Motional with Alpha Prime™ VLS-128 sensors through 2026.
  • “The Alpha Prime™ delivers the long-range, high-performance capabilities we need for our autonomous vehicle,” said Laura Major, Chief Technology Officer at Motional.
  • “Motional is a leading AV company with large-scale deployments and strong commercial partnerships,” said Angus Pacala, CEO and Co-founder at Ouster.
  • The Alpha Prime™ is a powerful addition to our product portfolio, and one that we expect will continue to drive meaningful new business, particularly for autonomous vehicles.”

Autonomous A2Z is Officially Listed in Global Ranking as a Nationally Representative Autonomous Driving Start-up

Retrieved on: 
Thursday, March 16, 2023
General Motors, National Highway Traffic Safety Administration, Transport, Autonomy, Partnership, Waymo, Ministry of Industry (Thailand), Ministry, Intel, Government, Motional, Certification, Aptiv, Ministry of Land, Infrastructure, Transport and Tourism, Mobility, COSMO, HAN, Running, Veritas Capital, Hyundai Motor Company, Program on Vehicle and Mobility Innovation

On the most recent ranking, Autonomous A2Z is the only Korean company listed.

Key Points: 
  • On the most recent ranking, Autonomous A2Z is the only Korean company listed.
  • The company is expected to grow significantly faster once global investments and partnerships are provided in the future."
  • Its daily average autonomous driving distance is over 500 km, which basically connects Seoul and Busan using public roads.
  • With appreciation to the provided ranking, being the only Korean company on the list, Autonomous A2Z will keep exerting effort in becoming the leading group of the global autonomous driving industry."