Waabi raises $200 million Series B for autonomous trucking
Uber and Khosla Ventures co-led the June 2024 financing.
Waabi announced a $200 million Series B on 18 June 2024, co-led by Uber and Khosla Ventures. The financing brought its total investment to more than $280 million.
Participants included NVIDIA, Volvo Group Venture Capital, Porsche Automobil Holding SE, Scania Invest, Ingka Investments, HarbourVest Partners, G2 Venture Partners, BDC Capital’s Thrive Venture Fund, Export Development Canada, Radical Ventures and Incharge Capital.
The company planned to use the capital for autonomous truck deployment, commercial expansion and hiring in Canada and the United States. Its driving system combines AI with Waabi World simulation to develop and test how trucks respond to road conditions.
Use of funds
Deploy autonomous trucks
Expand commercial operations and team