Trucks Venture Capital

Trucks Venture Capital, established in 2015 and based in San Francisco, California, is an early-stage venture capital firm focused on investing in the transportation sector. The company supports entrepreneurs driving innovation in autonomous, connected, and shared vehicles, as well as transportation software.

Reilly Brennan

General Partner

Puneeth Meruva

Partner

Jason Townsend

CFO

Past deals in Autonomous Vehicles

Teleo

Series A in 2024
Teleo specializes in transforming existing heavy machinery into remote-controlled robots, allowing operators to control equipment from a significant distance. By retrofitting current fleets with its advanced supervised autonomy technology, Teleo enables operators to seamlessly switch between machines and job sites, enhancing both productivity and safety. The company's approach allows machine operators to work from remote operation centers rather than being confined to the equipment's cabin, ultimately improving operational efficiency and providing valuable insights into job site conditions.

May Mobility

Series D in 2023
May Mobility, Inc. is an autonomous vehicle company focused on transforming urban transportation through the development and operation of driverless shuttle services. Founded in 2017 and based in Ann Arbor, Michigan, the company utilizes six-passenger electric vehicles that navigate mapped routes to provide micro-transit services for enterprise and municipal clients. By analyzing traffic patterns and commuter flows, May Mobility designs optimal routes that enhance public transit systems. Their autonomous shuttles aim to minimize human error in driving, reduce pollution, and improve economic benefits for communities and riders. The company offers a fleet operation service that contributes to creating safer, more efficient, and accessible transportation solutions.

Faction

Seed Round in 2023
Faction specializes in the development of driverless electric vehicles that combine the speed and performance of cars with the affordability of motorcycles. The company focuses on micro-delivery and ride-on-demand services, utilizing a model that integrates remote human supervision alongside autonomous technology. This approach allows Faction to bypass the limitations of fully autonomous systems, enabling quicker deployment of its services. The vehicles are designed with networked data capabilities, over-the-air software updates, and safety-critical autonomy features, ensuring a cost-effective and reliable driverless solution for clients. After completing its first prototypes, Faction is set to commence trials to further refine its offerings in the transportation sector.

Ottometric

Venture Round in 2023
Ottometric Inc. is a technology company based in Newton, Massachusetts, that specializes in developing a cloud-based platform for enhancing the safety of autonomous vehicles. Founded in 2018, the company offers an intelligent verification framework that leverages big data, artificial intelligence, sensor fusion, and computer vision to provide insights into events and anomalies in real-world driving scenarios. By focusing on the validation and training of advanced driver assistance systems (ADAS), Ottometric aims to improve the reliability of these systems, addressing the industry's current challenges in delivering effective autonomous capabilities. The platform is designed to automate and streamline the validation process, helping automotive companies reduce development costs while advancing the safety and efficacy of driver assistance features.

Teleo

Series A in 2022
Teleo specializes in transforming existing heavy machinery into remote-controlled robots, allowing operators to control equipment from a significant distance. By retrofitting current fleets with its advanced supervised autonomy technology, Teleo enables operators to seamlessly switch between machines and job sites, enhancing both productivity and safety. The company's approach allows machine operators to work from remote operation centers rather than being confined to the equipment's cabin, ultimately improving operational efficiency and providing valuable insights into job site conditions.

Terraline

Seed Round in 2022
Terraline is a vehicle technology company focused on revolutionizing freight transportation through sustainable solutions. The company designs and manufactures battery-electric heavy-duty trucks that aim to eliminate CO2 emissions, addressing a significant source of global greenhouse gas emissions. Terraline's trucks feature advanced aerodynamics to improve efficiency and are equipped with long-range rechargeable batteries, allowing for reliable and cost-effective operations. By offering a purpose-built solution for autonomous electric freight, Terraline supports businesses in their transition to sustainable transportation while promoting environmental benefits.

Roadio (Formerly Streetlogic)

Pre Seed Round in 2021
Developer of an advanced driver assistance system(ADAS) designed for two wheelers. The company offers a lightweight, low-power collision warning system that consists of two fisheye cameras, a powerful processing unit, and advanced artificial intelligence to detect and notify riders of threats in real-time, enabling them to get notified of hazards around them and avoid collisions to keep them safe.

Gatik

Series B in 2021
Gatik is a startup focused on developing autonomous technology for light and medium-duty trucks aimed at business-to-business short-haul logistics. Founded in 2017 and headquartered in Mountain View, California, the company specializes in artificial intelligence and automotive solutions tailored for the logistics sector. Gatik's software is designed for SAE Level 4 autonomous commercial vehicles, including trucks and vans in Classes 3 to 7. This technology facilitates middle-mile logistics, allowing customers to efficiently manage scheduled deliveries and optimize their supply chain operations.

Faction

Seed Round in 2021
Faction specializes in the development of driverless electric vehicles that combine the speed and performance of cars with the affordability of motorcycles. The company focuses on micro-delivery and ride-on-demand services, utilizing a model that integrates remote human supervision alongside autonomous technology. This approach allows Faction to bypass the limitations of fully autonomous systems, enabling quicker deployment of its services. The vehicles are designed with networked data capabilities, over-the-air software updates, and safety-critical autonomy features, ensuring a cost-effective and reliable driverless solution for clients. After completing its first prototypes, Faction is set to commence trials to further refine its offerings in the transportation sector.

Refraction AI

Seed Round in 2021
Refraction AI, Inc. is an autonomous delivery robot company based in Ann Arbor, Michigan, founded in 2017. The company focuses on building and deploying robotic platforms designed for last-mile goods delivery in urban environments. Its primary product, the REV-1, autonomously navigates urban settings using a combination of cameras, radar, and ultrasonic sensors. The robot is capable of picking up items from restaurants, pharmacies, and grocery stores, delivering them directly to customers' homes. This service aims to provide a faster, cheaper, and safer delivery option, addressing the growing demand for efficient logistics solutions. Additionally, the robots can be remotely monitored and teleoperated, ensuring operational flexibility in diverse weather conditions.

Refraction AI

Funding Round in 2020
Refraction AI, Inc. is an autonomous delivery robot company based in Ann Arbor, Michigan, founded in 2017. The company focuses on building and deploying robotic platforms designed for last-mile goods delivery in urban environments. Its primary product, the REV-1, autonomously navigates urban settings using a combination of cameras, radar, and ultrasonic sensors. The robot is capable of picking up items from restaurants, pharmacies, and grocery stores, delivering them directly to customers' homes. This service aims to provide a faster, cheaper, and safer delivery option, addressing the growing demand for efficient logistics solutions. Additionally, the robots can be remotely monitored and teleoperated, ensuring operational flexibility in diverse weather conditions.

Xona Space Systems

Pre Seed Round in 2020
Xona Space Systems, Inc. specializes in developing and manufacturing position, navigation, and timing (PNT) satellite solutions. Founded in 2019 and headquartered in San Mateo, California, the company is focused on creating a constellation of low-cost, low-Earth orbiting satellites designed to enhance navigation for various applications, including autonomous vehicles, unmanned aerial vehicles, and mobile robotics. Their flagship product, the Xona Pulsar, delivers high-power signals from low Earth orbit, ensuring secure and accurate navigation and timing services. This innovative approach aims to meet the demands of smart transportation and smart infrastructure, providing the resilience and precision necessary for modern intelligent systems to operate safely and efficiently at scale.

Teleo

Seed Round in 2020
Teleo specializes in transforming existing heavy machinery into remote-controlled robots, allowing operators to control equipment from a significant distance. By retrofitting current fleets with its advanced supervised autonomy technology, Teleo enables operators to seamlessly switch between machines and job sites, enhancing both productivity and safety. The company's approach allows machine operators to work from remote operation centers rather than being confined to the equipment's cabin, ultimately improving operational efficiency and providing valuable insights into job site conditions.

Ottometric

Pre Seed Round in 2019
Ottometric Inc. is a technology company based in Newton, Massachusetts, that specializes in developing a cloud-based platform for enhancing the safety of autonomous vehicles. Founded in 2018, the company offers an intelligent verification framework that leverages big data, artificial intelligence, sensor fusion, and computer vision to provide insights into events and anomalies in real-world driving scenarios. By focusing on the validation and training of advanced driver assistance systems (ADAS), Ottometric aims to improve the reliability of these systems, addressing the industry's current challenges in delivering effective autonomous capabilities. The platform is designed to automate and streamline the validation process, helping automotive companies reduce development costs while advancing the safety and efficacy of driver assistance features.

Edge Case Research

Seed Round in 2019
Edge Case Research is a company based in Pittsburgh, Pennsylvania, with an additional office in Unterschleißheim, Germany, specializing in developing software products and safety systems for companies involved in self-driving car technology. Founded in 2013, the firm focuses on testing vehicle software and artificial intelligence without requiring physical vehicles. Its key offerings include Hologram, a platform for identifying and addressing edge cases that challenge machine learning, and Switchboard, a cloud-based tool for automated robustness testing of complex software. The company employs Model-based Iterative System Safety Analysis to pinpoint and model safety risks in intricate systems. Additionally, Edge Case Research provides embedded software best practices assessment and training services. It serves industries such as autonomous vehicles and robotics, consumer electronics and the Internet of Things, and industrial controls and embedded systems.

Gatik

Seed Round in 2019
Gatik is a startup focused on developing autonomous technology for light and medium-duty trucks aimed at business-to-business short-haul logistics. Founded in 2017 and headquartered in Mountain View, California, the company specializes in artificial intelligence and automotive solutions tailored for the logistics sector. Gatik's software is designed for SAE Level 4 autonomous commercial vehicles, including trucks and vans in Classes 3 to 7. This technology facilitates middle-mile logistics, allowing customers to efficiently manage scheduled deliveries and optimize their supply chain operations.

Refraction AI

Funding Round in 2019
Refraction AI, Inc. is an autonomous delivery robot company based in Ann Arbor, Michigan, founded in 2017. The company focuses on building and deploying robotic platforms designed for last-mile goods delivery in urban environments. Its primary product, the REV-1, autonomously navigates urban settings using a combination of cameras, radar, and ultrasonic sensors. The robot is capable of picking up items from restaurants, pharmacies, and grocery stores, delivering them directly to customers' homes. This service aims to provide a faster, cheaper, and safer delivery option, addressing the growing demand for efficient logistics solutions. Additionally, the robots can be remotely monitored and teleoperated, ensuring operational flexibility in diverse weather conditions.

Wise Systems

Series A in 2018
Wise Systems Inc. develops autonomous dispatch and routing software that enhances delivery efficiency for various industries, including food, beverage, courier, energy, and field service. Founded in 2014 and based in Cambridge, Massachusetts, the company leverages machine learning algorithms to optimize last-mile operations. Its platform includes tools such as Scheduler, which dynamically creates and dispatches optimized route plans; Dispatcher, which allows managers to monitor delivery progress and driver performance; and Customer Portal, enabling recipients to track their orders with real-time ETAs. Wise Systems also offers Smart Reservation Management, allowing customers to select their preferred delivery times. Clients typically experience significant benefits, including reductions in mileage and late deliveries, as well as increased fleet utilization. The software processes millions of data points to make real-time decisions, facilitating efficient transportation operations while reducing costs.

DeepScale

Series A in 2018
DeepScale, Inc. is a technology company specializing in perceptual system software for semi-autonomous and autonomous vehicles. Founded in 2015 and headquartered in Mountain View, California, the company focuses on enabling automakers to utilize low-wattage processors for improved perception capabilities. DeepScale's technology incorporates artificial intelligence and deep learning algorithms to create advanced driver-assistance systems. The company develops a visual perception platform that utilizes training data and innovative deep neural network architectures to enhance vehicle awareness of their surroundings in real time. In 2019, DeepScale became a subsidiary of Tesla, further integrating its advanced perception technologies into the evolving landscape of autonomous driving.

May Mobility

Seed Round in 2018
May Mobility, Inc. is an autonomous vehicle company focused on transforming urban transportation through the development and operation of driverless shuttle services. Founded in 2017 and based in Ann Arbor, Michigan, the company utilizes six-passenger electric vehicles that navigate mapped routes to provide micro-transit services for enterprise and municipal clients. By analyzing traffic patterns and commuter flows, May Mobility designs optimal routes that enhance public transit systems. Their autonomous shuttles aim to minimize human error in driving, reduce pollution, and improve economic benefits for communities and riders. The company offers a fleet operation service that contributes to creating safer, more efficient, and accessible transportation solutions.

Seeva

Seed Round in 2018
SEEVA Technologies, based in Ann Arbor, Michigan, specializes in manufacturing visibility systems for commercial and passenger vehicles. Founded in 2017, the company's core product, the QwikTherm system, employs advanced visibility technologies to heat and apply washer fluid, effectively clearing snow, ice, mud, sand, dirt, and bugs from vehicle surfaces such as windshields, cameras, sensors, and LED lights. This ensures optimal performance of autonomous vehicle systems and driver assistance features, enhancing safety and perception in real-world driving conditions.

Bear Flag Robotics

Seed Round in 2017
Bear Flag Robotics, Inc. specializes in developing autonomous technology for farm tractors, aiming to enhance productivity and safety in agriculture. Founded in 2017 by Igino Cafiero and Aubrey Donnellan, the company is headquartered in Sunnyvale, California. Its software enables users to plan routes, schedule jobs, and receive real-time alerts about equipment status. Additionally, it features remote emergency stop capabilities and obstacle avoidance, ensuring safe operation in various conditions. By utilizing perception sensors and robotic actuators, Bear Flag Robotics' technology allows central mission control to manage tractor operations, providing real-time data that helps farmers optimize their practices, reduce input costs, and increase production yields.

Oryx Vision

Series B in 2017
Oryx Vision, Ltd. is an Israeli company founded in 2009, specializing in solid state depth vision solutions for autonomous vehicles. The company has developed a unique automotive LiDAR technology that utilizes microscopic light-sensing antennas to create a 3D view of the environment. This innovative system operates similarly to a digital camera, sending laser pulses and detecting their returning signals. Oryx Vision's technology aims to meet the range and resolution requirements essential for fully autonomous driving while providing a cost-effective solution that is more sensitive and less susceptible to interference from external light sources. The LiDAR system generates both range and velocity data for every point within its field of view, enhancing the overall safety and efficiency of autonomous driving applications.

AEye

Series A in 2017
AEye, Inc. develops advanced vision hardware, software, and algorithms for autonomous vehicles and driver-assistance systems. Based in Dublin, California, the company offers a range of products including the 4Sight Intelligent Sensing Platform, which integrates solid-state lidar with low-light cameras and artificial intelligence to provide precise and reliable perception of surroundings. AEye's unique software-defined lidar solutions are designed for dynamic applications in vehicle autonomy, smart infrastructure, and logistics, focusing on delivering faster and more accurate information. The company's notable products include the 4Sight A and 4Sight M sensors, as well as the AE100 and AE200 robotic perception systems, which cater to the mobility market. AEye operates globally, with offices in Germany, Korea, and the United States, and primarily generates revenue from customers in the United States, followed by Europe and the Asia-Pacific region.

Starsky Robotics

Seed Round in 2017
Starsky Robotics, Inc., founded in 2015 and based in San Francisco, California, is focused on developing technology to automate vehicles, particularly in the trucking sector. Recognizing that trucking is essential to the American economy, transporting 70% of all freight, the company aims to enhance safety and efficiency by creating autonomous trucks for highway use, while allowing drivers to remotely control the vehicles for the initial and final segments of delivery. This approach not only seeks to improve road safety but also offers drivers the opportunity to work closer to home, thereby addressing the challenges faced by long-haul truck drivers who often spend extended periods away from their families.

Oryx Vision

Series A in 2016
Oryx Vision, Ltd. is an Israeli company founded in 2009, specializing in solid state depth vision solutions for autonomous vehicles. The company has developed a unique automotive LiDAR technology that utilizes microscopic light-sensing antennas to create a 3D view of the environment. This innovative system operates similarly to a digital camera, sending laser pulses and detecting their returning signals. Oryx Vision's technology aims to meet the range and resolution requirements essential for fully autonomous driving while providing a cost-effective solution that is more sensitive and less susceptible to interference from external light sources. The LiDAR system generates both range and velocity data for every point within its field of view, enhancing the overall safety and efficiency of autonomous driving applications.

Polysync

Seed Round in 2016
Founded in 2013, Polysync Technologies builds solutions to help partners safely accelerate their development, testing, production, and market deployment of driverless vehicle mobility solutions. Automotive engineering services, developers, government agencies, and universities around the world rely on Polysync for autonomous software and vehicle development. Polysync's products are in operation in more than 17 countries, with offices in Portland, OR, Palo Alto, CA, Detroit, MI, and Europe.

nuTonomy

Series A in 2016
nuTonomy Inc. is a technology company specializing in software for autonomous passenger vehicles. Founded in 2013 as a spin-off from MIT and headquartered in Cambridge, Massachusetts, the company focuses on creating a comprehensive solution for managing large fleets of autonomous taxis. This includes software for navigation in urban environments, smartphone-based ride-hailing, and fleet routing and management. Additionally, nuTonomy's technology allows for remote vehicle control through teleoperation, enhancing safety and efficiency in transportation. The company collaborates with major automotive manufacturers and innovative startups to transform personal mobility for the modern era. As of November 2017, nuTonomy operates as a subsidiary of Delphi Corp.
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