Hyundai Motor eyes acquisition of Korean lidar-free self-driving startup 42dot

Hyundai Motor is considering increasing its stake in, or fully acquiring, the South Korea-based lidar-free autonomous mobility platform 42dot, the latest signal of its growing interest in the fast-growing space.
A spokesperson of 42dot told TechCrunch that the startup is in talks with Hyundai Motor, but cautioned that terms including stake size and deal valuation hadn’t materialized yet. Hyundai Motor did not immediately respond to requests for comments.
Hyundai currently owns a 20.4% stake in the three-year-old startup, whereas 42dot’s co-founder and chief executive Chang-Hyeon So

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