Oct 24 (Reuters) – U.S. self-driving truck company Outrider on Thursday received a 62 million investment from investors to expand self-driving truck services at logistics yards for customers in e-commerce, manufacturing and other industries. announced that it had raised US$.
The Series D funding round was led by Koch Disruptive Technologies, the venture capital arm of conglomerate Koch, and New Enterprise Associates (NEA), a US venture capital fund.
This also includes new investments from NVentures, where NVIDIA (NVDA.O) opens a new tab venture capital arm, and Prologis (PLD.N), which opens a new tab venture capital arm. .
Brighton, Colorado-based Outrider has raised more than $250 million in funding.
Outrider’s system uses a self-driving electric yard truck that uses a robotic arm to couple and uncouple a tractor and trailer and can maneuver between dock doors and parking spots.
Developing fully autonomous cars that can get you anywhere has turned out to be more difficult and expensive than expected.
While investment in robo-taxi startups has all but dried up, there is a growing interest in startups targeting simpler self-driving vehicle solutions that are excluded from pedestrians and have few human-driven vehicles, such as in truck yards and airports. Funding continues.
(This article has been corrected in paragraph 2 to correct name of parent company to Koch instead of Koch Industries)
Sign up here.
Reporting: Nick Carey Editing: Mark Potter
Our standards: Thomson Reuters Trust Principles opens in a new tab
Purchase license rights
Source link
