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Startup Kinetic rolls out robots to fix electric cars, and someday robotaxis - TL;DR CNBC

Startup Kinetic rolls out robots to fix electric cars, and someday robotaxis

Publishing timestamp: 2024-06-20 10:58:30


Summary

Kinetic Automation, a collision repair business, has raised $21 million in funding to provide diagnostics and recalibration for high-tech systems in modern vehicles, especially electric vehicles. The company uses robotic systems, computer vision, and machine learning software to quickly diagnose and fix digital aspects of cars. They aim to decrease costs associated with EV ownership and repairs, with a focus on expanding their service hubs across the U.S. to handle the growing number of electric vehicles on the roads.


Sentiment: NEUTRAL

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Keywords: tesla incautostechnologyford motor cobusiness newshyundai motor counited statesgeneral motors coventure capitalbreaking news: technologystart-upsuber technologies inc

Source: https://www.cnbc.com/2024/06/20/kinetic-rolls-out-robots-to-fix-electric-cars-and-someday-robotaxis-.html


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