Volvo Group Venture Capital AB invests in Waabi, developing the next generation of autonomous trucking technology
GOTHENBURG, Sweden, Jan. 18, 2023 /PRNewswire/ -- "The company Waabi is using advanced artificial intelligence technology to test, assess skills, and ultimately teach a virtual driver to maneuver safely and efficiently in a commercial-ready autonomous trucking solution. We are impressed by what they have accomplished and see that Volvo Group can add considerable strategic value to the development of their business. We are currently exploring ways to cooperate," says Martin Witt, President of Volvo Group Venture Capital.
- Volvo Group Venture Capital AB invests in the Canadian founded company Waabi Innovation Inc, developing the next generation of autonomous trucking technology.
- We are currently exploring ways to cooperate," says Martin Witt, President of Volvo Group Venture Capital.
- Volvo Group see that fully autonomous trucking transports are key to provide additional capacity, better safety and improved efficiency but also support drivers in tiresome routes.
- Volvo Group Venture Capital was founded in 1997 and invests globally in venture companies.