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01 04 2019 01

Daimler Trucks and Torc Robotics, a pioneer in autonomous driving solutions, are joining forces to commercialize highly automated trucks (SAE Level 4) on US roads. Going beyond an OEM/supplier relationship, the companies signed an agreement for Daimler AG’s subsidiary Daimler Trucks and Buses Holding Inc., to acquire a majority stake in Torc Robotics for an undisclosed sum. Closing of the acquisition is subject to approval from US authorities.

With the ever-rising demand for road transportation, not the least through e-commerce, there is a strong business case for self-driving trucks in the US market and I believe the fastest path to commercialization for self-driving trucks is in partnership with Daimler Trucks, the OEM market leader. This move is in line with our mission of saving lives and represents another major milestone for Torc since crossing the finish line in the DARPA Urban Challenge 12 years ago.

—Michael Fleming, CEO of Torc

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Tags: Mobility

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