February 1, 2023

Factbox: Investments flow to automated vehicles in non-auto settings

Feb 1 (Reuters) – Corporate and private investors have turned from funding autonomous trucks and passenger cars to companies and applications in a variety of non-automotive settings, from construction and mining to airports and agriculture. Among them:

Company: Aurrigo (AURR.L)

Headquarters: Coventry, UK

Status: public

Founded: 1993

Focus: urban & airport shuttles

Market capitalization: $40 million

Company: Oxbotica

Headquarters: Oxford, UK

Status: private

Founded: 2014

Focus: passenger shuttles, warehouse vehicles, last-mile delivery

Investors: ZF, BP, Ocado, Eneos, AXA, Tencent

Money raised: $256 million

Valuation: $720 million

Partners: ZF, BP, Ocado

Company: Einride

Headquarters: Stockholm, Sweden

Status: private

Founded: 2016

Focus: logistics yards

Investors: Maersk, Ericsson, Temasek

Money raised: $655 million

Partners: Maersk, Bridgestone, InBev, GE

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Company: Outrider

Headquarters: Golden Colorado, USA

Status: private

Founded: 2017

Focus: yard & warehouse vehicles

Investors: Nvidia, Sumitomo, Abu Dhabi Investment Fund

Money raised: $200 million

Valuation: $550 million

Customers: Georgia-Pacific

Company: Teleo

Headquarters: Palo Alto, California, USA

Status: private

Founded: 2019

Focus: construction & mining equipment

Investors: UP Partners, Trucks, F-Prime, K9

Money raised: $12 million

Valuation: $44 million

Company: Parallel Systems

Headquarters: Los Angeles, USA

Status: private

Founded: 2020

Focus: railcars

Investors: Anthos, Congruent, Embark, Riot

Money raised: $53 million

Valuation: $188 million

Company: Kodiak

Headquarters: Mountain View, California, USA

Status: private

Founded: 2018

Focus: trucks, defense vehicles

Investors: BMW, Bridgestone, Pilot

Money raised: $198 million

Valuation: $506 million

Customers: Ikea

Company: Fox Robotics

Headquarters: Austin, Texas, USA

Status: private

Founded: 2017

Focus: forklifts

Investors: Menlo, Eniac, Congruent, AME

Money raised: $33 million

Company: Apex.AI

Headquarters: Palo Alto, California, USA

Status: private

Founded: 2017

Focus: agriculture equipment

Investors: Toyota, Airbus, Agco, Daimler Truck, ZF, Jaguar Land Rover, Volvo Group, Hella, Continental

Money raised: $74 million

Valuation: $297 million

Sources: PitchBook, companies

Reporting by Paul Lienert in Detroit
Editing by Matthew Lewis

Our Standards: The Thomson Reuters Trust Principles.

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