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Solo Advanced Vehicle Technologies Announces $7 Million In Seed Funding To Build The First Ground-Up Heavy Truck Platform For Autonomous Freight Transportation

Mar 16, 2022•over 3 years ago

Amount Raised

$7 Million

Round Type

seed

San Francisco

Description

Solo Advanced Vehicle Technologies (Solo), the vehicle hardware company revolutionizing the freight transportation industry, today announced $7 million in seed funding led by Trucks VC with participation from Maniv Mobility and Wireframe Ventures. Solo is building the first ground-up heavy truck platform to be compatible with any autonomous driving software, thereby solving the inefficiency of retrofitting existing, human-centric trucks for autonomous driving. Today’s financing will be used to build out Solo’s engineering team as the company expands at its new headquarters in Fremont, California. The team will finalize the design and build Solo’s first test vehicle - a battery-electric Class 8 truck that will begin testing in 2022

Company Information

Company

Solo Advanced Vehicle Technologies

Location

San Francisco, California, United States

About

Solo Advanced Vehicle Technologies (Solo) is revolutionizing the freight transportation industry by building the first ground-up heavy truck platform to be compatible with any autonomous driving software. Built by alums from Waymo, Tesla, and BMW, and backed by leading investors including Trucks VC, Maniv Mobility, and Wireframe Ventures, Solo is the only company developing a dedicated, completely autonomous heavy truck platform for the future of freight.