A Houston-based self-driving technology company has raised initial funding.
Bot Auto announced the completion of a pre-Series A funding round. This funding round was oversubscribed and raised $20 million. The round was led by investments from Brightway Future Capital, Cherubic Ventures, EnvisionX Capital, First Star Ventures, Linear Capital, M31 Capital, Taihill Venture, Uphonest Capital, and Welight Capital.
“As true believers in self-driving trucking, we are grateful for our investors’ shared vision,” said Xiaodi Hou, founder and CEO of BotAuto, in a news release. said. “Our strong commitment, combined with recent advances in AI and increased focus on operational efficiency, creates a clear path to commercialization.”
The company chooses to focus the funds raised on technology development, avoid unnecessary hiring ahead of business maturity, scale the business before product is ready, and overcome expansion and partnership debt. Masu. The company looks to engineers and AV executives to help Bot Auto become a game-changer in self-driving trucking as it looks toward a more sustainable and efficient future.
This investment is expected to help expand BotAuto’s technology development in autonomous trucking with a focus on safety and operational efficiency.
“Our prospects for success have never been more promising,” Ho added. “We remain committed to bringing this innovative technology to humanity for a brighter future.”
Bot Auto’s vision aligns with the pioneering spirit of Houston’s tradition in space exploration, and we strive to achieve remarkable feats in technology and transportation. The company is dedicated to leveraging this investment to make significant advances in the U.S. self-driving truck industry and ultimately contribute to a more sustainable and efficient future.
