Robot car: An Argo Assembly plant in Brazil. The start-up is about to introduce its self-driving system commercially. — Reuters
NEW YORK: Argo AI, the self-driving startup backed by Ford Motor Co and Volkswagen AG, is working with investment bankers as it prepares to go public as soon as this year with a valuation expected to top US$7bil (RM29.20bil).
The five-year-old firm developing autonomous systems for two of the world’s largest automakers has chosen Citigroup Inc and JPMorgan Chase & Co to guide its public offering, according to sources.
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