Transportation
SoftBank Backs Autonomous Trucking Firm Started by Ex-Ford Self-Driving Executives
- SoftBank expected to provide more than $1 billion to Stack AV
- Founders of defunct Argo AI aim to automate long-haul trucking
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The founders of the former self-driving unit of Ford Motor Co. and Volkswagen AG are launching a new autonomous trucking startup with backing said to be more than $1 billion from Japan’s SoftBank Group Corp.
The new firm, named 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, which was also home to Argo, Stack AV has hired 150 people and already has a test fleet of trucks on the road, Salesky said in an interview.