Tech Crunch – Hyundai is spending close to $1 billion to keep self-driving startup Motional alive

Posted on May 2, 2024

Hyundai has agreed to spend nearly $1 billion on Motional, an investment that will give the automaker a majority stake while providing the self-driving startup with the necessary capital to keep operating. The Korean automaker invested $475 million directly into Motional as part of a broader deal that includes buying out joint venture partner Aptiv. […]