Infrastructure is next big thing in AV investment

Autonomous vehicle (AV) companies are emerging from a tumultuous period defined by layoffs, delayed timelines and consolidations, but the industry remains hamstrung by lack of infrastructure, a panel of investors said during this week’s virtual Automated Vehicles Symposium.

“We’re not [at the point] where one company can build a widget and the world will change,” said Orin Hoffman, a partner with the Engine, a venture capital firm focused on breakthrough technologies at universities.

“We need a very complicated regulatory and infrastructure investment before we get to the next stage and that is going to be a far more complicated journey than any of us expected.”