Roadstar.ai Raises $128M in Round-A and Announces 1st Generation Product "Aries"
Summary
After Roadstar.ai carried out public road testing both in the U.S. and China, Chinese media reported "Aries" as a major step of Roadstar.ai closer to production, and believed that the efficient and safe autonomous driving solution with much cheaper cost than its competitors will help Roadstar.ai to develop a huge market in the coming years.Roadstar.ai team is an impressive roster of talents that includes engineers who worked in top autonomous driving companies like Google, Tesla, Apple, Nvidia, and Baidu USA, etc.Their ambitious goal for 2020 is to reduce its self-driving vehicles safety driver intervention rate to one instance per 1,000 km travelled."Roadstar.ai will provide fully autonomous robotaxi services for an intelligent, efficient and safe mobility experience in future," said Tong.Together with the announcement, Roadstar.ai also released its first self-driving tech kit "Aries", which is the first One-Cable Autonomous Driving Solution with the most cost-effective LiDARs made in China.