otto Archive

Full speed ahead for transport VCs

Transportation investment has moved into the fast lane. Venture and growth investing in transport-related companies accelerated in the third quarter, fueled by momentum in the autonomous driving and ride-hailing spaces, as well as the prospect of big acquisitions. VCs and seed investors poured more than $6.2 billion into more than 150 companies across the globe with transportation-related business models in Q3, according to Crunchbase data. …

Uber-owned Otto to offer freight hauling services using autonomous trucks in 2017

Uber acquired self-driving lorry startup Otto this summer in a deal worth up to $680 million and it plans to put the company to work next year. That’s according to comments from Otto co-founder Lior Ron, who told Reuters that Otto will enter the long-haul freight business in 2017. To recap, Otto’s technology allows existing trucks to be ‘retrofitted’ with self-driving technology which can handle driving on …

Paving the way for the autonomous truck

Charles Chilton Crunch Network Contributor Charles Chilton is the Director of Engineering at Navistar and has more than 25 years of leadership experience in product planning, product development, engineering and personnel management in both public and private companies. He has worked on a variety of commercial vehicle brands throughout his career, including Thomas Built Buses, Freightliner, E-One and International Truck. How to join the network …