Minus Zero is the startup of self-driving has been raised $1.7 million in a seed round led by Chiratae Ventures. The autonomous vehicle industry named angel investors includes senior executives from NVIDIA & Lyft based out of Silicon Valley, who participated in the round.

The company said that the funds would build an autonomous vehicle R&D infrastructure to expand its team.

• Coal India, AMNS Sign MoU on Syn-Gas at Paradip Plant
• HAL Hits 52-Week High of Rs 5,055 on Strong Q1 Results
• MP Approves Rs 1,757 Crore Bhopal-Vidisha Road Project
• Nvidia Reportedly Developing 1 Trillion-Parameter AI Model
• West Coast Paper Hits 52-Week High on Strong Q1 Profit

“Autonomous vehicles (AV) are no more a thing of the future and need to become a reality now. Scaling AV adoption beyond the current limited usage in specific cities and high-end cars requires a reimagination beyond relying on expensive technologies like Lidar and training over millions of hours of data,” said TCM Sundaram, founder and vice-chairman of Chiratae Ventures.

The company plans to launch the first AV use case from 2022 to early 2023, making it the first to get a product launched in the market.

From what started merely as a research paper a few years back, Gagandeep Reehal and Gursimran Kalra founded Minus Zero in 2021. In terms of technology Minus Zero relies solely on a monocular camera for sensing and using computing, much less than what one might use to play modern computer games.