Friday, February 3, 2023
  • PRESS RELEASE
  • ADVERTISE
  • CONTACT
Happy With Car
No Result
View All Result
  • HOME
  • AUTO NEWS
  • AUTOMATIIVE REVIEWS
  • NEW CARS
  • CAR MARKET
  • CAR BRANDS
  • TECHNOLOGY
  • INSURANCE
  • FINANCE
  • VIDEOS
Happy With Car
No Result
View All Result

U.S. startup Outrider raises $73 million to scale up autonomous yard trucks, Auto News, ET Auto

by admin
January 19, 2023
in Technology
0 0
0
Share on FacebookShare on Twitter


 Outrider has now raised a total of $191 million from investors.
Outrider has now raised a complete of $191 million from buyers.

U.S. self-driving truck agency Outrider mentioned on Thursday it has raised $73 million in funding to scale up its autonomous vehicles working in distribution yards for patrons in e-commerce, manufacturing and different industries.

The Collection C spherical consists of funding from new buyers together with the Abu Dhabi Funding Authority (ADIA), one of many world’s largest sovereign wealth funds, and the enterprise capital arm of chip designer and computing agency Nvidia Corp.

It additionally consists of contemporary funding from American enterprise capital fund New Enterprise Associates (NEA) and the enterprise capital arm of commercial conglomerate Koch Industries.

Outrider has now raised a complete of $191 million from buyers.

Outrider says its self-driving yard truck “hitches to and unhitches from trailers, robotically connects and disconnects trailer brake strains, backs semi-trailers with precision, interacts safely with loading docks, and retains monitor of trailer areas all through the yard.”

The corporate says its prospects signify greater than 20% of all yard vehicles working in North America, and have invested in joint product testing and pilot operations since 2019. Yard vehicles are designed to maneuver trailers and cargo containers in distribution yards.

Outrider mentioned the funding will even go to additional growing autonomous expertise and hiring workers in america and internationally.

Whereas investor curiosity in startups associated to robotaxi corporations has waned as a result of really self-driving vehicles on metropolis roads are a few years away, corporations providing easier autonomous options in additional restricted environments are nonetheless elevating cash.

Final week self-driving software program startup Oxbotica introduced it had raised $140 million from buyers to hurry the deployment of autonomous autos (AVs) in areas together with heavy trade, ports and airports.

Additionally Learn:

​​Sundram Fasteners has drawn up plans to speculate Rs 200 crore to assist the brand new order acquired from the worldwide vehicle producer. The corporate would ship the components from its powertrain divisions positioned at Mahindra World Metropolis in Chengalpattu, Tamil Nadu, and Sri Metropolis, Andhra Pradesh. The components will likely be serviced from the corporate’s warehouse in North America.

Over 4 million four-wheel autos had been bought in India final 12 months, surpassing Japan and coming in behind China and the US. To nudge India’s cost-conscious drivers and in step with the inexperienced hype, automakers launched a slate of glitzy EVs this month on the nation’s largest motor present, India Auto Expo, with promising bulletins from home and overseas producers like China’s BYD Co. and Kia Corp.





Source link

Tags: AutoautonomousmillionNewsOutriderraisesScalestartupTrucksYard

Related Posts

Technology

TVS Motor invests in Singapore-based ION Mobility to drive E2W growth in the region, Auto News, ET Auto

February 3, 2023
Technology

TVS Motor appoints former JLR, Ford engineer as CTO, Auto News, ET Auto

February 2, 2023
Technology

Israeli startup displays tiny EV with width adjusting technology; to be priced at USD 16K, Auto News, ET Auto

January 31, 2023
Technology

Can hydrogen technology be a game changer for the Indian automotive industry?, Auto News, ET Auto

January 31, 2023
Technology

An indigenous hyperloop takes shape in Chennai, Auto News, ET Auto

January 30, 2023
Technology

Statiq partners with Zoomcar to accelerate EV based shared mobility services, Auto News, ET Auto

January 29, 2023
Load More
Next Post

TNB Electron 180 kW DC chargers at Ayer Keroh and Paka now online - free to use during trial period

Scottish start-up promises hydrogen truck shake-up

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Categories

  • Auto News (2,241)
  • Automative Reviews (1,053)
  • Car Brands (1,179)
  • Insurance (1,766)
  • Market (883)
  • New Cars (985)
  • Technology (740)
  • Videos (1,256)
Happy With Car

Find the latest automotive news. Read car news from the auto industry including auto shows, latest vehicles, future cars and more.

Categories

  • Auto News
  • Automative Reviews
  • Car Brands
  • Insurance
  • Market
  • New Cars
  • Technology
  • Videos

Recent News

  • TVS Motor invests in Singapore-based ION Mobility to drive E2W growth in the region, Auto News, ET Auto
  • Suspect arrested in hit-and-run at Aurora bus stop | Crime & Justice
  • AMG unveils C63 S, E63 S Final Editions
  • Home
  • Disclaimer
  • DMCA
  • Privacy Policy
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact

Copyright © 2020 Happy With Car

No Result
View All Result
  • HOME
  • AUTO NEWS
  • AUTOMATIIVE REVIEWS
  • NEW CARS
  • CAR MARKET
  • CAR BRANDS
  • TECHNOLOGY
  • INSURANCE
  • FINANCE
  • VIDEOS

Copyright © 2020 Happy With Car

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In