German car manufacturer Daimler, the Class 8 truck-semitrailer frontrunner, took over the majority proprietorship of Torc Robotics, a U.S. efficient vehicle technology. Neither company divulged the amount Daimler is planning to capitalize or what part the German corporation will own of Torc.
Roger Nielsen, Daimler Trucks North America CEO, said in a statement that Torc would use hands-on style commercialization. Nielsen announced they would offer road-ready tech with aided by years of experience in large automobiles.
Torc Robotics is among the few firms to develop and road test technology for self-driving trucks. TuSimple, a self-driving tractor business, and Embark develop autonomous semis which results in inadequate attention and undertake capital money.
Located in Blacksburg, Virginia, Torc was co-founded by CEO Michael Fleming in 2005, who while studying at Virginia Tech, joined robotic competitions. Fourteen years later, many acknowledge Fleming’s company as a frontrunner in the expanding field of autonomous cars.
Fleming said that the US would be the focus for pushing self-driving semis on the road, in a statement announcing the investment of Daimler. He also said that with the continuously growing demand for road transport, there’s a solid business case for self-driving tractors in the market. Trucking commerce has become the center of developing autonomous vehicles due to the lack of truck drivers and other factors.
