The “Car of the 21st Century” may soon be here, thanks to a startup that has successfully raised a record $25 million in a seed round.
In an article published Monday by The Wall St Journal, the startup, CarPilot, aims to help people with mobility issues navigate around city traffic.
The company says it’s now testing the car in New York City, where the company is developing a self-driving prototype.
The CarP Pilot has a $10,000 price tag, and its founders are working on other projects including self-flying vehicles and a robotic vehicle that can carry people around the city.
The self-racing prototype has been in testing since October.
The Wall also points out that the CarP pilot will be built on a platform that’s already on the road in California.
“This is an extremely ambitious product,” said John Hickey, an analyst at Cowen & Co., a firm that invests in automotive startups.
“The CarP is a product we are really excited about, and it’s going to be a big hit.”
The Car of the future The Car P pilot has already begun testing on the streets of New York.
Hickey said the Car P Pilot is expected to be on the roads of New Yorkers by mid-2020, and will be able to take people around streets at a speed of about 50 mph.
The car has been tested in California, where it was tested by a team of people and was able to travel about 15 miles a day.
The first prototypes are expected to roll out in 2021, according to the Carpilot website.
The startup also says the car will be fully autonomous in 2020, and the first prototype is expected in 2021.
The team has also tested self-balancing and will have a fully autonomous system for the first time in 2021 as well.