Humble Robotics, which is building cabless electric autonomous trucks for regional routes under 250 miles, raised $51M, taking its total funding to $75M (Rya Jetha/Business Insider)
Humble Robotics intends to use the newly secured $51 million to advance the ongoing development of its proprietary vehicle platform. The company's electric trucks are engineered without traditional driver cabs and are dedicated to regional transport tasks. These autonomous vehicles will service dedicated freight routes that do not exceed 250 miles in length. The round pushes the company's cumulative financing to $75 million as it refines its freight technology.
Key points
New capital will directly fund the ongoing development of the company's autonomous electr…: New capital will directly fund the ongoing development of the company's autonomous electric fleet.
The technology focuses strictly on short-haul, regional operations rather than long-dista…: The technology focuses strictly on short-haul, regional operations rather than long-distance freight hauling.
Eliminating the driver cab forms a core component of the company's electric autonomous tr…: Eliminating the driver cab forms a core component of the company's electric autonomous truck design.
Sources checked by our analysis pipeline: 1
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Carl Franzen / VentureBeat: |
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Marcus Mendes / 9to5Mac: |
Jay Peters / The Verge: |
Financial Times: |
David Keohane / Financial Times: |
Maxwell Zeff / Wall Street Journal: |
Isabelle Bousquette / Wall Street Journal: |
Ivan Mehta / TechCrunch: |
Rya Jetha / Business Insider: |
Charles Rollet / Business Insider: |
Bloomberg: |
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