Despite challenges in the autonomous vehicle market, including layoffs and company closures, Volvo remains committed to advancing autonomous trucking. The company has supported Waabi since January 2023, investing in its Series B funding round in June 2024. Shahrukh Kazmi, chief product officer for Volvo Autonomous Solutions, emphasized the potential of this partnership to advance the industry by integrating Waabi's AI technology into Volvo's autonomous truck platform. This collaboration is seen as a strategic move to realize the future of self-driving trucks, even as the industry faces ongoing hurdles.
Key takeaways:
- Waabi and Volvo Autonomous Solutions are partnering to develop and deploy a fleet of autonomous trucks using Waabi's AI technology.
- Waabi's proprietary technology, Waabi Driver, integrates AI with hardware like LiDAR, cameras, and radars to navigate trucks autonomously.
- Despite challenges in the autonomous vehicle industry, Volvo remains committed to advancing autonomous trucking through its partnership with Waabi.
- Volvo has been supporting Waabi since 2023, including investing in its $200 million Series B round in 2024.