Autonomous truck technology company Bot Auto has announced the completion of its Pre-A round financing, raising $20 million. This significant investment will accelerate the development of Bot Auto's next-generation autonomous truck technology, focusing on safety and operational efficiency.
Bot Auto is an autonomous truck technology company located in Houston, Texas, led by CEO and founder Dr. Hou Xiaodi. The company's team consists of seasoned autonomous vehicle executives and top engineering talent, dedicated to developing autonomous technology for mid-range trucks.
Bot Auto will operate its autonomous truck fleet using a TAAS (Transportation as a Service) business model. The combination of experience, industry maturity, and the AI revolution makes Bot Auto a game-changer in the autonomous trucking industry.
Dr. Hou Xiaodi, founder and CEO of Bot Auto, stated: "As a firm believer in autonomous trucks, we are grateful for the shared vision of our investors. Our unwavering commitment, coupled with recent advancements in artificial intelligence and a strong focus on operational efficiency, has paved a clear path for commercialization. Our prospects for success have never been brighter. Bot Auto continues to move forward, committed to bringing this transformative technology to humanity and creating a better future."
