Outrider raises $73M to scale autonomous distribution yard business

Outrider Inc., which transforms hazard-filled distribution yards into near-touchless automated operations, has raised $73 million in a Series C funding round.

It plans to use the money to complete final capabilities and safety mechanisms. It also plans to grow from its 175 employees by hiring more engineers domestically and in Europe. Golden, Colorado-based Outrider also plans to scale the sales of its software package to customers. They represent more than 20% of 50,000 yard trucks operating in...

https://www.freightwaves.com/news/outrider-raises-73m-to-scale-autonomous-distribution-yard-business

How soon will we see an autonomous trucking shakeout?

It is pretty much acknowledged across the trucking industry that a consolidation of players in autonomous trucking is coming. Money is tight. Borrowing is expensive. Share prices and corresponding book values are in the dumper. 

The coming shakeout

No single factor proves a shakeout among autonomous trucking players is coming. But an accumulation of evidence suggests that not all of today’s entrants will survive as independents.

PitchBook writes of mobility tech in its 2023 Industry and Technology...

https://www.freightwaves.com/news/how-soon-will-we-see-an-autonomous-trucking-shakeout

AV company Gatik taps Goodyear for intelligent tire technology

When middle-mile autonomous vehicle company Gatik closed an $85 million Series B funding round last month, the announcement came with the news that “several strategic investors” had participated in the round.

On Tuesday, Gatik revealed that Goodyear Ventures, Goodyear’s (NASDAQ: GT) venture capital fund, participated in the new funding round and announced it would collaborate with the tire maker as it develops its autonomous middle-mile vehicle. The size of the investment was not specified.

“Gatik...

https://www.freightwaves.com/news/av-company-gatik-taps-goodyear-for-intelligent-tire-technology

Join Our Newsletter
Enter your email to receive a weekly round-up of shipping news.
icon