Waabi Raises $200 Million to Deploy Driverless Trucks by 2025
This article is for subscribers only.
Autonomous driving startup Waabi Innovation Inc. has raised $200 million from investors including Uber Technologies Inc., Nvidia Corp. and Volvo AB’s venture wing to support its deployment of driverless trucks as soon as 2025.
Toronto-based Waabi will use the investment to grow its commercial operations and expand its team in Canada and the US, where it recently opened a trucking terminal in Texas, the company said in a statement on Tuesday. Founded in 2021, it’s one of a handful of autonomous trucking startups, including Alphabet Inc.’s Waymo, whose Via unit specializes in freight, as well as Aurora Innovation, Gatik AI, and TuSimple Holdings Inc.