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Stock impact report

Autolane is building ‘air traffic control' for autonomous vehicles [TechCrunch]

Simon Property Group, Inc. (SPG) 
Last simon property group, inc. earnings: 2/4 07:30 am Check Earnings Report
US:NYSE Investor Relations: investors.simon.com
Company Research Source: TechCrunch
That includes driverless taxi rides, sure, but also headier ideas like sending an autonomous vehicle to fetch groceries or pick up dry cleaning. If those things are ultimately going to happen, navigating the handoff moments — like where exactly a vehicle should stop to receive the groceries — will be a crucial piece of the puzzle. Palo Alto-based Autolane is trying to build that layer of infrastructure, and it now has $7.4 million in fresh funding to take on that goal. Backed by VC firms like Draper Associates and Hyperplane, Autolane said it will start by coordinating pickup and drop-off points for companies that want to let robotaxis come onto their private property. The startup has signed a deal with Simon Property Group to coordinate driverless vehicle arrivals and departures at shopping centers owned by the real estate company in Austin, Texas and San Francisco, California. This deal will include creating simple, physical infrastructure like signage (think: the many kinds o Show less Read more
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