The auto industry is undergoing a massive shift with the onset of technologies like electric vehicles, autonomous vehicles, and onboard tech designed to improve or enhance the driving experience. But to fully understand how those changes are manifesting, and how they could evolve in the future, we have to first understand the startups and entrepreneurs driving those changes.
The startup advantage
Why is it that startups, and not major established companies are pushing some of the biggest changes? There are many possible explanations, including the fact that startups are nimbler and less bogged down with bureaucratic decision-making. Startups are also more willing to take risks and experiment with new territory, which results in innovative thinking and radical new solutions.
Applied to the auto industry, this innovation gives other startups and established companies alike the chance to learn new things and incorporate new strategies to push the market forward.
These are some of the most innovative startups influencing the auto industry:
Based in Columbus, Ohio, GhostWave specializes in making radar sensors that are less vulnerable to outside interference. Together with LIDAR, cameras, and other sensory features, self-driving cars rely heavily on radars to “see” the road and the objects around them. The problem is, too much interference in the air can corrupt the images radars provide, making it more likely for a vehicle to miss an important cue and get involved in a collision.
GhostWave hopes their new technology will help develop a radar that won’t see as much interference, which is going to become even more important when there are millions of autonomous vehicles on the road at once.
Also operating in the realm of better sensors for autonomous vehicles is the startup Neteera Technologies. Neteera is dedicated to creating a new type of sensing technology for autonomous vehicles, one that blends the advantages of radar and LIDAR together into one device. Utilizing sub-Terahertz frequencies, it’s able to detect objects and movement through non-conductive and non-transparent materials. In addition to automotive applications, the technology could also be useful in the security and health sectors.
A newcomer to the autonomous vehicle game, Nuro is hoping to spark a new trend for self-driving car development. Rather than outfitting an older vehicle model with new self-driving technology, Nuro has created a prototype, one they refer to as R1, that’s custom-made for driverless, passenger-less delivery. Small and nimble, Nuro’s vehicles specialize in last-mile delivery. Their focus on specialization and unique design could inspire a new wave of specialized vehicles.
4. EV Safe Charge
Autonomous vehicles aren’t the only high-tech considerations in the auto industry. Automotive companies are also focusing on creating more fuel-efficient cars, including models that run exclusively on electricity. This is where EV Safe Charge comes in. This startup specializes in the development of widespread infrastructure for charging electric vehicles, including residential installations.
We return to the field of autonomous vehicle-targeted technology with Cognata, a startup that relies on deep learning and detailed mapping to create virtual cities that mirror their real-life counterparts. These virtual environments offer weather conditions and changing circumstances that mimic real-life variability. Companies can use the technology to train autonomous vehicle software before real vehicles ever hit the street. Using software this way is safer and far more scalable, especially considering you could feasibly test thousands of vehicles at once without spending money on vehicle production.
WayRay focuses on making drivers’ and passengers’ experiences better within vehicles by presenting an augmented reality vision of their surroundings. Its technology allows the projection of digital renderings on top of real environments, giving drivers real-time and visual navigation throughout their respective cities and highlighting environmental objects and changes of note.
7. Mighty AI
Mighty AI helps autonomous vehicle creators at a software level, like Cognata. But instead of offering a virtual environment for training a program, Mighty AI offers data and structuring necessary to create a fully realized autonomous vehicle program. In other words, it provides the ingredients necessary to build your own self-driving platform. If successful, they could make entering the self-driving game much more affordable and realistic for practically any company.
These aren’t the only startups helping shape the future of the auto industry, but they are some of the most visible and most promising. You can expect the average American road to look very different over the next decade or so, and maybe even sooner.
Anna Johansson is a freelance writer who contributes to Forbes, Inc., Entrepreneur, and The Huffington Post.