Mon. Jan 20th, 2020

Daimler Takes Majority Stake in US Robotics Firm Whereas Focusing on Autonomous Truck Market

German automaker Daimler, chargeable for gross sales of semi-trailer semi-trailers of sophistication eight, takes a majority stake within the American firm of autonomous know-how Torc Robotics, mentioned Daimler Friday.

Neither firm will disclose the quantity of investments Daimler intends to speculate nor the proportion of Torc held by the German firm.

"Torc takes a hands-on method to advertising and presents superior, ready-to-use know-how, in addition to years of expertise in heavy-duty automobiles," mentioned Roger Nielsen, CEO of Daimler Vans North America, in a press release asserting the transaction.

Torc Robotics is among the corporations that develops highway take a look at applied sciences for autonomous vehicles. TuSimple, an autonomous and autonomous trucking firm, has attracted loads of consideration and has invested some huge cash in enterprise capital within the improvement of standalone semi-finished merchandise.

Torc, based mostly in Blacksburg, Virginia, was co-founded in 2005 by CEO Michael Fleming, who had participated in robotics competitions whereas learning at Virginia Tech. Fourteen years later, Fleming's firm is taken into account by many to be a frontrunner within the rising self-driving sector.

In a press release asserting Daimler's funding, Fleming mentioned the USA can be one of many major targets for the introduction of semiconductor automobiles on highways.

"Within the face of rising demand for highway transport, notably by means of e-commerce, the US market is especially worthwhile for autonomous vehicles," he mentioned. The trucking trade has grow to be a middle for autonomous car improvement because of a number of components, together with the scarcity of truckers.

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