A leading money website is urging investors to put their money into driverless technology as the industry’s value is predicted to reach £900 bn by 2025.
While talking about Google and Tesla leading the way, www.thisismoney.co.uk points to “smaller companies” like Nvidia and Mobileye giving investors interesting developments.
It quotes Richard Lightbound, chief executive of ROBO Global, which has an index that measures the performance of the automated technology market, as saying, “Some of these firms are leading the way and you want to look at them if you wish to invest in this areas.”
It also spoke to Tom Slater, who manages the £5 billion Scottish Mortgage Investment Trust, who invests £6.50 of every £100 of savers’ money in electric car pioneer Tesla Motors, which last year started testing its driverless cars on public roads in California.
And it quotes Jeremy Gleeson, who runs the AXA WF Framlington Robotech, which was launched last month, saying he has money in car parts manufacturer Delphi, “Car manufacturers around the world will need more of this technology, so we’re targeting companies which will benefit from this,” he said.