Volkswagen Parent Acquires Stake in Self-Driving Startup
Porsche Automobil Holding SE has acquired a minority stake in Silicon Valley self-driving sensor startup Aeva Inc., the latest in a flurry of moves by the auto manufacturing holding company in the autonomous driving sector this year.
As part of the equity deal, Porsche SE, which houses auto makers such as Volkswagen AG, Porsche AG and Audi AG, will partner with Aeva in hopes of putting its lidar sensors on Volkswagen ID Buzz buses to create autonomous taxis, according to Aeva co-founder and Chief Executive Soroush Salehian.
Dec. 11, 2019