The latest news and information about NEOM, ENOWAOXAGONTHE LINE, TONOMUSTROJENA and other NEOM related projects

Autonomous driving company secures $100m investment from NEOM

Autonomous driving technology company has secured a $100m (SR375.15m) investment from NEOM Investment Fund (NIF), the investment arm of the city of NEOM in Saudi Arabia. Under the alliance, NEOM and will set up a joint venture (JV) to develop, manufacture and offer autonomous cars, services for autonomous driving, and infrastructure for smart vehicles.

In a statement, NEOM said as it is being constructed entirely from scratch, it provides the environment for developing and deploying advanced autonomous mobility solutions on land, sea, and in the air.

Read the full story at Verdict

Add your commment below.