Locomation, Inc.

Re-Engineering the World's Supply Chain with Autonomy

General Information
Company Name
Locomation, Inc.
Founded Year
2018
Location (Offices)
Pittsburgh, United States +1
Founders / Decision Makers
Number of Employees
17
Industries
Robotics, Transportation, Autonomous and Sensor Tech
Funding Stage
Seed
Social Media

Locomation, Inc. - Company Profile

Locomation, Inc. is a promising startup that aims to revolutionize the world's supply chain with autonomy. Founded in 2018, the company boasts a team of leading experts in autonomous vehicles, robotics, and artificial intelligence from Carnegie Mellon’s National Robotics Engineering Center, along with experienced trucking industry leaders. With an emphasis on addressing long-standing challenges in the trucking industry, Locomation aims to tackle persistent driver shortages and capacity constraints that have plagued the sector for decades. With the trucking industry being crucial to the transportation of over 70% of the nation’s freight and the surge in e-commerce driving increased demand for freight trucking services, Locomation is well-positioned to capitalize on this growing market. Their last significant funding round secured $34.00M in a Seed Round investment on 15 July 2021, attracting attention from prominent investors such as AV8 Ventures, Blackhorn Ventures, ScaleX Ventures, Proeza Ventures, and Sahin Boydas. Based in the United States, Locomation operates within the industries of robotics, transportation, and autonomous and sensor tech, offering substantial potential for future growth and innovation.

Taxonomy: autonomous vehicles, robotics, trucking industry, freight transportation, e-commerce logistics, driver augmentation, technology platform, autonomous relay convoy, capacity constraints, logistics technology, transportation technology, driver shortages, business solutions

Funding Rounds & Investors of Locomation, Inc. (5)

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Funding Stage Amount No. Investors Investors Date
Seed Round $34.00M 5 Sahin Boydas 15 Jul 2021
Convertible Note $7.14M 4 31 Oct 2020
Seed Round $10.38M 1 30 Jun 2020
Series A Unknown - 01 Jun 2020
Seed Round $5.50M 6 30 Jun 2018

Latest News of Locomation, Inc.

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No recent news or press coverage available for Locomation, Inc..

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