Self-driving truck startup Kodiak Robotics plans to go public via a merger with special purpose acquisition company Ares Acquisition Corporation II. The transaction values Kodiak, which has raised around $243 million to date, at about $2.5 billion pre-money. New and existing Kodiak institutional investors, like Soros Fund Management, ARK Investments, and Ares, have funded or…
Category: Kodiak Robotics
autonomous trucks, Global IT News, Global Security News, Kodiak Robotics, off-road autonomous vehicles, Startups, Transportation
Kodiak has made its first driverless truck deliveries to customer Atlas Energy
Kodiak Robotics has officially handed off two autonomous trucks to customer Atlas Energy Solutions, marking the startup’s first commercial launch. Atlas, a provider of proppant (i.e., sand) and oilfield logistics, received its first Kodiak-equipped trucks in December and began driverless operations in an off-road environment in West Texas’s remote Permian Basin shortly after. The company…