Bot Auto, a pioneering company in autonomous vehicle (AV) technology based in Houston, Texas, announced the completion of its Pre-A funding round, which was oversubscribed, raising $20 million. Brightway Future Capital, Cherubic Ventures, EnvisionX Capital, First Star Ventures, Linear Capital, M31 Capital, Taihill Venture, Uphonest Capital, and Welight Capital led the funding round.
This investment will fuel Bot Auto’s tech development for the next generation of autonomous trucking that focuses on safety and operation efficiency.
The Bot Auto team features experienced AV executives and top engineering talent. This opportunity allows them to start an AV trucking company with a clean slate and leverage cutting-edge AI technology. The combination of experience, industry maturation, and the AI revolution creates a game-changer in autonomous trucking.
Bot Auto’s vision lines up with the pioneering spirit of Houston’s legacy in space exploration, striving to achieve remarkable feats in technology and transportation. And the company is dedicated to leveraging this investment to make significant strides in the US autonomous trucking industry, ultimately contributing to a more sustainable and efficient future.
The funding raised will be focused on developing the technology while avoiding:
— Scaling the operational footprint prior to product readiness.
— Unnecessary hiring ahead of operational maturity.
— Over expansion and partnership debt that distracts from our mission.
KEY QUOTE:
“As true believers in autonomous trucking, we’re thankful for our investors’ shared vision. Our strong commitment, combined with recent AI advancements and a sharpened focus on operational efficiency, has created a clear path to commercialization. Our prospects for success have never been more promising. We march forward, committed to bringing this transformative technology to humanity for a brighter future.”
-Dr. Xiaodi Hou, Founder and CEO of Bot Auto
