Autonomous Vehicles Attract Investors

White vehicle

Photo by Alexey Balakin on Unsplash

Six-time Five Star Wealth Manager Marguerite Cassandra Toroian possesses more than two decades of experience in the investment banking sector. A noted economics expert, Marguerite Cassandra Toroian has previously appeared on CNBC financial segments and written extensively on investment topics. She has also invested in technology related to autonomous vehicles. 

Companies developing self-driving vehicles have been successful at attracting investment from high-profile venture capital and investment firms. In February 2019 alone, autonomous vehicle manufacturers secured nearly $2 billion dollars in investment capital. Tech firm Aurora Innovation even acquired over half a billion dollars in Series B funding. 

While the technical capacity of current models must be improved before these vehicles can be adopted into everyday use, investors are most interested in the quality and quantity of data that these cars and trucks can produce. One autonomous vehicle has the potential to produce 4,000 GB of data per day. Companies can use this data to develop more effective apps for traffic navigation, marketing, and safety features.