Self-driving startup Minus Zero gets $1.7M to expand its team, R&D
Self-driving startup Minus Zero has secured $1.7 million in a round of funding. The company will use the funding for building an extensive autonomous vehicle research and development, infrastructure and hiring more people. Minus Zero announced a $1.7 million funding round headed by Chiratae Ventures, with participation from JITO Angel Network and top executives from businesses such as Nvidia and Lyft. This is the first time an Indian self-driving vehicle firm has received venture capital funding. The funds will be used mostly for expanding autonomous vehicle research and development, infrastructure, and recruiting additional employees. The team plans to make their first autonomous car use-case public in late 2022 or early 2023. Minus Zero claims to be developing an affordable self-driving system that employs high-end, high-definition cameras, significant data collecting, and sensors like as LIDAR (light detecting and ranging). According to Minus Zero, the complexity of s...