According to published reports, Verizon Communications Inc. (NYSE:VZ) has made a $10M investment in self-driving vehicle startup, Renovo Auto.

Renovo Motors, a Silicon Valley car company, is driven to create the world's most exciting vehicles. By harnessing the power of the latest electrical, mechanical, and software systems the Renovo team creates cars that redefine the driving experience. Their debut offering, the Renovo Coupe, sets multiple benchmarks in the EV supercar segment and demonstrates the performance, control, and excitement that is made possible by Renovo's patent-pending technology.