Torc Robotics majority stake bought by Daimler Trucks

As part of its drive to develop self-driving trucks, Daimler Trucks is acquiring a majority stake in Torc Robotics.

Blacksburg, Virginia based Torc Robotics has developed a software solution for autonomous mobility applications that can be put into self-driving cars and large vehicles. The system has been tested on platforms ranging from SUVs to 300-ton mining trucks.

“With the ever rising demand for road transport, not the least through e-commerce, there is a strong business case for self-driving trucks in the U.S. market and I believe the fastest path to commercialization for self-driving trucks is in partnership with Daimler Trucks, the OEM market leader,” said Torc chief executive Michael Fleming.

Roger Nielsen, chief executive of Daimler Trucks North America, said: “Torc is not a start-up, but one of the world’s most experienced companies for vehicle automation. Torc takes a practical approach to commercialization and offers advanced, road-ready technology, plus years of experience in heavy vehicles. Torc’s Level 4 system has been shown to operate well for both urban and highway driving in rain, snow, fog, and sunshine.”

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