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Fortune

Sharon Goldman

Canada's Waabi raises $200 million, says gen AI driverless trucks in 2025

Waabi Uber Ingka Investments Khosla Ventures Nvidia Porsche Automobil Holding SE Waymo Wayve

Toronto-based self-driving startup Waabi announced a fresh funding round of $200 million on Tuesday, promising a 2025 rollout of the company’s generative AI-powered driverless trucks.

The Series B funding round, led by Uber and Khosla Ventures, brought in new strategic investors Nvidia, Volvo Group Venture Capital, Porsche Automobil Holding SE, Scania Invest and Ingka Investments. The company declined to share a new valuation, but said the new capital will build on other recent news including the opening of the company’s new trucking terminal in Texas.

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