HOUSTON, Texas — Bot Auto has completed its Pre-A funding round which was oversubscribed, raising $20 million.
According to a media release, the round was led by prominent domestic and international investors: Brightway Future Capital, Cherubic Ventures, EnvisionX Capital, First Star Ventures, Linear Capital, M31 Capital, Taihill Venture, Uphonest Capital, and Welight Capital.
“The Bot Auto team is composed of experienced AV executives and top engineering talent,” the company said in the release. “This opportunity allows them to start an AV trucking company with a clean slate with the ability to leverage the cutting-edge AI technology of today. The combination of experience, industry maturation, and the AI revolution creates a game-changer in autonomous trucking.”
The significant investment will fuel Bot Auto’s tech development for the next generation of autonomous trucking that focuses on safety and operation efficiency.
“As true believers in autonomous trucking, we’re thankful for our investors’ shared vision,” said Dr. Xiaodi Hou, founder and CEO of Bot Auto. “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.”
The funds 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.
“Bot Auto’s vision aligns with the pioneering spirit of Houston’s legacy in space exploration, striving to achieve remarkable feats in technology and transportation,” the release said. “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.”
Dana Guthrie is an award-winning journalist who has been featured in multiple newspapers, books and magazines across the globe. She is currently based in the Atlanta, Georgia, area.
