Driver shortages, decelerating efficiency and broad safety concerns have plagued the US trucking industry for some time now. High operating costs paired with increasingly scrutinized high emissions are leading to concern over the future of the logistics and goods transport market. Stack AV’s autonomous trucking solution aims to lighten the load of these issues, using AI to create smart supply chains and autonomous driving systems.
Its founding team have long been exploring the possibilities of autonomous transport through combined experience with Uber, and Google smart cars and shared founding roles at Argo AI, a similar company that disbanded in 2022 after it failed to become profitable for shareholders. Hopefully, however, the launch of Stack AV will balance the decades of experience as well as hard lessons learnt from the failed predecessor company and will find new ways to make autonomous driving tech a sustainable investment.
With a staggering $1 billion invested in Stack AV by SoftBank in 2023, the company is well-armoured for the time being. Its main competitor is Aurora, which underwent a successful IPO in 2021 but never achieved the high level of early funding that Stack AV did. It’s a promising start then for the Argo AI veterans' new venture.
Kirsty
Company Specialist at Welcome to the Jungle
