Erdos Group
102 Dalate South Rd., Dongsheng District, Erdos, Nei Mongol, 017000, China
Overview
Inner Mongolia Eerduosi Resources provides textiles with services for obtaining raw materials. They offer the development of resources and minerals, cashmere apparel, and total energy use.
- Total investments
- 1
- Lead investments
- 0
- Investments · 12mo
- 0
- Active investors
- 0
Sector focus
- Apparel
- Manufacturing
- Mining
Investment portfolio
- KargoBot
Participated · Equity · Oct 2023
KargoBot focuses on open-road, trunk-line autonomous freight, offering a full-stack solution that combines driverless ‘Robotrucks’ with a logistics operating system. Its KargoOmni platform uses mixed-platooning and single-vehicle intelligence to raise human efficiency by 83–300%, overall operating efficiency by more than 50%, and energy efficiency by about 30%. The company has already deployed more than 400 autonomous trucks across 10+ provinces, accumulating over 35 million kilometers and 1.2 billion ton-kilometers of freight. Seven mass-production truck models are in service, supporting over 20 enterprise customers and a 30-member partner alliance. Management plans to enable and deploy 1,000 autonomous trucks within 2024 and scale to tens of thousands of Robotrucks in the next few years. KargoBot has proven a profitable commercial closed loop on trunk routes and is positioned as a first-mover in China’s trillion-RMB long-haul logistics market. The new capital from its Series B round exceeds $100 million and will fund large-scale rollout and continued R&D.
Team
No current team members are available.