Financial News

Mapping the Future of Autonomous Vehicles Goes Right Through a SPAC

NetworkNewsWire Editorial Coverage: Mainstream fully autonomous vehicles are not an if, they are a when. The bigger question is what it is going to take from a technical end to get self-driving cars and trucks safely maneuvering along every side street and highway. As one can imagine, the 2022 Consumer Electronics Show in Las Vegas this month was once again a hotbed of activity featuring the future of autonomous vehicles. The opening keynote was presented by Mary Barra, chair and CEO of General Motors, detailing the automaker’s vision of GM leading the industry transformation underpinned by connectivity, electrification and autonomy. How the industry reaches that end is the subject of different business models, but it seems a safe bet that it will include a confluence of technologies, including the powers of LiDAR to make autonomous driving as commonplace as power windows and brakes.

GM has partnered with the LiDAR experts at Cepton Technologies, which plans to come public early this year via a highly anticipated SPAC merger with Growth Capital Acquisition Corp. (NASDAQ: GCAC) (Profile). Cepton is in the thick of the industry that provides investors exposure to autonomous vehicles through multiple avenues, having engagements…

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