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Technology startups learning from trucking industry


Locomation is planning to initially roll out autonomous vehicle technology using a convoy.
Editor s note: This is the second and final installment of a two-part series on Big Tech investments in the trucking and logistics industry. Part one covered the migration of tech talent.
Technology startups and venture capital (VC) firms have been making big bets in the trillion-dollar trucking and logistics (T&L) industry.
In May 2020, management consulting company McKinsey tracked a total flow of $28 billion in funding to T&L technology startups from 2015 to 2019. Despite a global pandemic, funding soared in 2020 to $1.7B across 683 deals, according to market research firm CB Insights. ....

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