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RTR: Autonomous trucking startup Waabi raises $200m - The Loadstar

Jun 20, 2024 - theloadstar.com
Waabi, a company specializing in autonomous trucks, has successfully raised $200 million in a Series B funding round. The round was led by existing investors Uber Technologies and Khosla Ventures. The funding will be used to support the launch of its fully autonomous trucks next year.

The company, which also has backing from Nvidia, uses AI chips to power its self-driving applications. While it currently operates autonomous trucks with safety drivers on planned commercial routes, Waabi aims to achieve full self-driving deployment by 2025, four years after its inception.

Key takeaways:

  • Waabi has raised $200 million in a Series B funding round, led by existing investors Uber Technologies and Khosla Ventures.
  • The funding will support the rollout of its fully autonomous trucks next year.
  • The company is also backed by Nvidia and uses its AI chips to power self-driving applications.
  • Waabi currently operates autonomous trucks with safety drivers on planned commercial routes but aims for full self-driving deployment in 2025.
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