Autonomous trucking startup Kodiak Robotics to go public via SPAC

Start of self-driving machine Kodiak robotics He plans to go to the public through a compound company with a special purpose combination.

About 243 million dollars, the transactions that make about $ 2.5 billion dollars coordinate values. A new and existing Kodiak institutional investors such as Soros Fund management, ARC investment and ARES are financed or financed or financed to support the transaction or financed about 551 million cash.

The agreement is expected to be closed in the second half of 2025.

Going to the public through the spac, an interesting action at a time, including high-level players such as high-level players such as self-driving car cavity Be on board and Tusimple to close. Spaces also lost more than his glow Heydayai 2021For capital-intensive companies such as AV and home startups.

Kodiak has something to do, at least. Although the income is minimal, it is to make income. This, Kodiak, who said he was managed by 2.6 million miles, will eventually want to carry out long driving operations. In the short term, the company carried autonomy on the side of the road as a faster road for the market.

Kodiak delivered it in January The first two autonomous trucks Customer Atlas Energy Solutions notes the first commercial launch. Atlas is determined to receive the initial order of 100 trucks to help the West Texas in the Perman basin proterring the Sand of Frac in the Perman basin.

This income confirms more revenues from Kodiak’s technology, which has organized the top of spac combinations over the past few years, and can open the door of pipe investments. He said that a profitable road is long and the capital needs of autonomy are massively.

TechCrunch reached Kodiak to learn how long the current runway lasted, but did not receive an immediate response.

Kodiak’s public market debut, President Trump’s tariffs and future commercial wars are coming in the turbulent period in folk markets. One of Kodiak’s main competitors is one of the Aurora innovations, a password to start commercial loading operations without complete drivers this month.

Kodiak ceo Don Burnette In 2018, after the autonomous driving experience, the company revealed the company. Earlier, in early 2016, I worked in Google in its self-driving technology, Otto went to help to activate a AV start Anthony LevandowskiLior Ron and Claire Delaunay. Otto was quickly taken by Uber quickly, but Waydowski’s trade secret theft was opened rapidly as the Uber blamed Levandowski. Uber finally settled with Waymo and Levandowski was later charged with crime and admitted to the sinners. He was sentenced to 18 months in prison, but the time was pardoned by President Trump before serving.

Burnette, who left Otton before the drama of Levandowski, was able to prevent the enemy and followed the main goal – it was The truck would be a murderer application for autonomy.

“We believe that we enter public markets, expanding our existing partner relations, expand our existing customer base, expand our strategy to expand and develop advanced solutions, and” Burnette “said.