Toronto-based autonomous trucking company Waabi announced this week that it raised $200 million in Series B funding, led by Uber, Khosla Ventures, and new investors like Nvidia, Porsche, and Volvo Group Venture Capital.
The oversubscribed round is a notable feat, given that the autonomous vehicle sector faced several setbacks in recent years as companies like Embark Trucks shut down and Waymo halted its autonomous freight segments as it navigates regulatory investigations.
