Participated · Series A · Jun 2024

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.