The founders of Ford Motor Co. and Volkswagen AG's former self-driving unit, Argo AI, are launching a new autonomous trucking startup, Stack AV, with over $1 billion in backing from Japan’s SoftBank Group Corp. The startup, led by Bryan Salesky, Pete Rander, and Brett Browning, is based in Pittsburgh and has already hired 150 people and has a test fleet of trucks on the road.
The new firm aims to leverage the expertise of its founders in autonomous technology to revolutionize the trucking industry. The significant financial backing from SoftBank underscores the growing interest and investment in autonomous vehicle technology.
Key takeaways:
The founders of the former self-driving unit of Ford Motor Co. and Volkswagen AG are launching a new autonomous trucking startup named Stack AV.
The startup has backing of more than $1 billion from Japan’s SoftBank Group Corp.
Stack AV is led by Bryan Salesky, Pete Rander and Brett Browning, who previously ran Argo AI, the self-driving operation that Ford and VW shut down last year.
Based in Pittsburgh, Stack AV has hired 150 people and already has a test fleet of trucks on the road.
