The company that develops autonomous yard trucks equipped with robotic arms, Outrider announced scoring $73 million in its latest Series C funding round led by FM Capital. Helping large enterprises improve safety and increase efficiency, Outrider will employ the funds to extend its autonomy and safety technology portfolio and hire more employees across the globe. The company also aims to utilize its funds to scale its yard automation solution with customers in package shipping, eCommerce, consumer packaged goods, grocery, retail, manufacturing, and intermodal industries.
Nowadays the market is shifting from Robo-taxis to automated trucks and delivery vehicles.
