News

Driverless vehicles chasing the crowd

April 01, 2016 • By


Earlier this month, Cruise Automation, a producer of autonomous vehicle technology, became the first equity crowdfunded company to achieve a $1 billion exit. The company was acquired by General Motors, having previously raised $100,000 through crowd financing from AngelList.


Earlier this month, Cruise Automation, a producer of autonomous vehicle technology, became the first equity crowdfunded company to achieve a $1 billion exit. The company was acquired by General Motors, having previously raised $100,000 through crowd financing from AngelList.

With other suitors of Cruise Automation likely to be disappointed about missing out, we thought it would be helpful to share a handful of other self-driving technologies that have successfully been funded by the crowd.

Hexo+

Hexo+ raised $1.3M from 2,336 backers. Its self flying camera allows users to create aerial footage of themselves handsfree.

Fleye

Fleye raised €314,080 from 717 backers. This flying robot from Belgium claims to be the world's safest drone and offers an open architecture so users can programme it to perform fully autonomous tasks.

Urban Drones

Urban Drones raised $303,429 from 315 backers in 2015 to build its Splash Drone. This waterproof drone with live video feed is designed to land and float on open water and even has an emergency flare system.

Robotboat Mark VI

Robotboat Mark VI became one of the first autonomous vehicles to be crowdfunded. Raising $83,425 from 1,152 backers, the campaign financed a fleet of autonomous sailing boats to study the oceans. Each one is able to sail itself anywhere & send data back to shore.