A partnership that aims to put the UK at the forefront of self-driving vehicle technology has been signed by the Government with Wayve.

Wayve, founded in Cambridge and now based in London, recently revealed fresh funding of potentially more than $1.5 billion, which valued the company at $9bn.

It has been backed by Advanced Micro Devices (AMD), Arm, Qualcomm Ventures, Eclipse, Balderton, SoftBank, Ontario Teachers’ Pension Plan, Baillie Gifford, British Business Bank, Icehouse Ventures, Schroders Capital, Microsoft, NVIDIA, Uber, Mercedes-Benz, Nissan and Stellantis.

Now it has signed a Memorandum of Understanding (MoU) with the Government to deepen collaboration on next‑generation self‑driving technologies and back the scaleup.