Financials

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Revenues, earnings & profits over time
USD201820192020202120222023
Revenues1.1m2.9m4.7m9.4m38.8m49.5m
% growth-159 %62 %100 %314 %28 %
EBITDA---(15.4m)(30.2m)-
% EBITDA margin---(164 %)(78 %)-
Profit---(13.4m)(26.0m)-
% profit margin---(143 %)(67 %)-
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Recent News about Wayve

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Wayve.ai is a pioneering startup in the autonomous vehicle industry, focusing on developing a new approach to self-driving technology, known as AV2.0. The company's mission is to create a smarter, safer, and more sustainable world by revolutionizing the way vehicles operate.

The company's unique selling point is its use of embodied AI software, which enables vehicles to learn from experience and adapt to any environment without the need for explicit programming. This approach differs from traditional methods that rely on expensive technology, HD maps, and human-engineered systems. By leveraging end-to-end deep learning, Wayve.ai eliminates the need for costly robotic stacks and complex mapping, making it a more cost-effective solution for automakers.

Wayve.ai operates in the automotive industry, specifically in the autonomous vehicle sector. Its clients are automakers and fleet operators who are looking to incorporate autonomous driving technology into their vehicles or services. The company's business model revolves around developing and selling its AV2.0 technology to these clients.

To generate revenue, Wayve.ai partners with automakers and fleet operators, providing them with commercially viable solutions that enable driving automation at scale. The technology is designed to be adaptable, lean, and affordable, allowing automakers to bring various levels of driving automation to customers faster. The company has already partnered with two of the UK's leading retailers, Ocado Group and Asda, to trial its technology in their delivery fleets.

In summary, Wayve.ai is a forward-thinking startup that is reimagining the future of mobility by developing innovative self-driving technology. Its unique approach to autonomous driving, combined with its partnerships with automakers and fleet operators, positions it well for growth in the rapidly evolving autonomous vehicle market.

Keywords: Autonomous Vehicles, Self-Driving Technology, Embodied AI, End-to-End Deep Learning, Automakers, Fleet Operators, Driving Automation, Sustainable Mobility, AV2.0 Technology, Commercial Partnerships.

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