Skip to main content

Self-driving truck startup Kodiak partnering with SK Group to expand into Asia

Kodiak Robotics, the U.S.-based self-driving truck startup, is partnering with South Korean conglomerate SK to explore the possibility of deploying its autonomous vehicle technology in Asia.

The ultimate aim of the partnership is to sell and distribute Kodiak’s self-driving technology in the region. Kodiak will examine how it can use SK’s products, components and technology for its autonomous system, including artificial intelligence microprocessors and advanced emergency braking systems. Both companies have also agreed to work together to provide fleet management services for customers in Asia.

Kodiak co-founder and CEO Don Burnette couched the initial agreement as a first step towards a commercial enterprise in Asia.

“This is really just the first handful of steps to explore the possibility,” Burnette said. “What would it would look like to bring Kodiak’s AV technologies to Asian markets? What would be required? Who would be the partners? What are the regulatory forces that we have to contend with?”

Kodiak, which is based in Mountain View, Calif. and has operations in Texas, would be squaring off against at least two other self-driving companies — Plus and TuSimple — that already have a presence in the region. Both Plus and TuSimple announced mergers in the past six months with special purpose acquisition companies, an increasingly popular path for startup to go public.

While the partnership is at its earliest stage, it does connect Kodiak with a company that has a vast reach in South Korea as well as other countries in the region. The partnership is with SK Inc., a holding company of SK Group that has more than 120 operating companies, including ones connected to the logistics industry.

“Our partnership with Kodiak will help accelerate the commercialization of self-driving trucks in Asia,” said Jungho Shin, executive vice president of SK Inc. “Kodiak’s industry-leading technology and SK’s unrivaled reach in Korea and across Asia make this a natural partnership. We look forward to working with Kodiak to make autonomous trucking a reality around the globe.”

Burnette told TechCrunch the partnership agreement was reached after SK conducted an extensive technical review.

“They recognize the importance of AV technology broadly, they recognize the safety benefits, the economic benefits, and they want to play a role,” he said.

This is Kodiak’s first international expansion. But it might not be the last. Burnette said the company has been interested in certain international markets since it launched in 2018.

“We’ve had conversations about the Australian market,” Burnette noted. “I think Australia is another great market with future potential for this AV technology, particularly the long-haul highway, out-in-the-middle-of-nowhere kind of driving. There’s South American markets. Brazil is a big one that’s interesting to us, and, of course, Europe.

This partnership with SK Inc. follows an announcement with the U.S. Air Force for a contract to bring autonomous transportation to the U.S. Department of Defense’s Dover Air Force base in Delaware.



from Startups – TechCrunch https://ift.tt/2QSkrn0

Comments

Popular posts from this blog

Axeleo Capital raises $51 million fund

Axeleo Capital has raised a $51 million fund (€45 million). Axeleo first started with an accelerator focused on enterprise startups. The firm is now all grown up with an acceleration program and a full-fledged VC fund. The accelerator is now called Axeleo Scale , while the fund is called Axeleo Capital . And it’s important to mention both parts of the business as they work hand in hand. Axeleo picks up around 10 startups per year and help them reach the Series A stage. If they’re doing well over the 12 to 18 months of the program, Axeleo funds those startups using its VC fund. Limited partners behind the company’s first fund include Bpifrance through the French Tech AccĂ©lĂ©ration program, the Auvergne-RhĂ´ne-Alpes region, Vinci Energies, CrĂ©dit Agricole, BNP Paribas, Caisse d’Épargne RhĂ´ne-Alpes as well as various business angels and family offices. The firm is also partnering with Hi Inov, the holding company of the Dentressangle family. Axeleo will take care of the early stage in...

Puls raises $50 million for in-home technical support

A fund affiliated with the Singaporean government has a great interest in making sure that American consumers are getting the tech support they need. Temasek, the multi-billion-dollar investment fund associated with the government in Singapore, has led a $50 million round for  Puls Technologies, Inc. , a San Francisco-based company aiming to be the tech support for American homes and offices. Current investors Sequoia Capital, Red Dot Capital Partners, Samsung NEXT and Viola Ventures all participated in the new financing, alongside additional new investors Hanaco Ventures and Hamilton Lane. Founded only three years ago, Puls pitches a service that can match consumers with the appropriate technician in a little over an hour, any day of the week. The company has built a network of 2,500 technicians in the top 50 cities in the United States, and will provide same-day installation and repair of over 200 products. Some things the company’s technicians can service include smartphon...