Outrider raises $ 53 million for developing autonomous truck technology

Driverless car technology has the potential to change the industry-in fact, it already has.

Headquartered in Stockholm, Sweden Einlid Over $ 32 million has been raised for the freight system (automated transportation of logs, containers and other cargo). For its part, Alphabet’s Waymo A leader in the market segment, the company has deployed a commercial robotic taxi service in Phoenix, Arizona.

As for Transcendence, Formerly known as Azevtec (Autonomous, Zero Emission Vehicle Technology), it hopes to do Waymo for ride-hailing services for yard trucks and Einride for trucks. Founded in 2017 and headquartered in Golden, Colorado, the company’s goal is to automate vehicle movement in freight hubs to reduce costs and increase safety. Today, it has emerged from the stealth, with $ 53 million in seed funding led by NEA and A Series funding led by 8VC. Outrider also revealed that it is conducting pilot tests with four Fortune 200 companies and Georgia Pacific, one of the world’s largest manufacturers and distributors of toilet paper, pulp, and paper.

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