TLDR:
Key Points:
- Waabi, an autonomous trucking startup, has raised $200 million in a Series B funding round led by Uber and Khosla Ventures.
- New investors include Nvidia, Porsche, and Volvo’s venture capital arm.
Autonomous trucking startup Waabi has secured $200 million in a Series B funding round, with Uber and Khosla Ventures leading the investment. The round also saw new investors such as Nvidia, Porsche, and Volvo’s venture capital arm joining in. The Toronto-based company plans to launch fully driverless trucks in 2025, incorporating generative AI that can be deployed in other applications beyond trucking, such as humanoid and warehouse robots. Waabi’s AI-powered software and sensors, Waabi Driver, have already begun working with Uber Freight’s logistics system to move shipments across the U.S. The company aims to address issues in the trucking industry, including driver shortages, safety concerns, and supply chain challenges, through automation and tech-driven solutions. The funding round, which brings Waabi’s total funding to $280 million, will support the deployment of autonomous trucks in 2025 and further growth.
