German automaker Daimler, the gross sales chief of Class eight tractor-trailer semis, is taking a majority possession stake in U.S. autonomous automobile expertise agency Torc Robotics, Daimler stated Friday.
Neither firm will disclose how a lot Daimler plans to speculate or what proportion of Torc the German firm will personal.
“Torc takes a sensible method to commercialization and presents superior, road-ready expertise, plus years of expertise in heavy automobiles,” stated Roger Nielsen, CEO of Daimler Vans North America, in an announcement asserting the deal.
Torc Robotics is one in every of a number of corporations creating and street testing expertise for autonomous vans. Embark and self-driving truck firm TuSimple have drawn loads of consideration and enterprise capital cash as they develop autonomous semis.
Torc, primarily based in Blacksburg, Virginia, was co-founded in 2005 by CEO Michael Fleming who had entered robotic competitions whereas finding out at Virginia Tech. Fourteen years later, Fleming’s firm is taken into account by many to be a pacesetter within the quickly rising discipline of autonomous automobiles.
In an announcement asserting Daimler’s funding, Fleming stated the U.S. can be a main goal for placing self-driving semi’s on highways.
“With the ever rising demand for street transportation, not the least by way of e-commerce, there’s a robust enterprise case for self-driving vans within the U.S. market,” he stated. The trucking trade has turn into a spotlight of autonomous automobile growth resulting from a number of elements together with the scarcity of truck drivers.