For the past few years, Crunchbase News has been tracking startup investment by major automakers. And each time we check in, we see that spending is going strong.
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This most recent time, the broad narrative stayed the same: Automakers are still betting heavily on startups, recently more than ever. From next-generation batteries to autonomous driving technology to electric aircraft, automakers led private funding rounds collectively valued at over $9.6 billion, according to a Crunchbase analysis of deals closed since the beginning of 2020.
Overall, the big auto brands participated in at least 100 known funding rounds since last …
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