Tuesday, November 29, 2022

Daimler Takes Majority Stake in Torc Robotics

By Suprotik Sinha - March 29, 2019 1 mins read

Daimler Trucks is taking a majority stake in truck software maker Torc Robotics. “Torc takes an approach to commercialization and offers advanced, road-ready technology, many years of experience in heavy vehicles,” said Roger Nielsen, CEO of Daimler Trucks North America.

Torc Robotics develops road-testing technology for trucks; it has a partnership with Caterpillar, a construction machinery and equipment company. Torc has developed a technology that allows vehicles to operate at a high level of automation -level 4, helping Daimler to accelerate its plans for commercializing self-driving vehicles.

“Torc’s Level 4 system is designed to operate for both urban and highway driving in rain, snow, fog, and sunshine,” said Roger Nielsen, CEO of Daimler Trucks North America.

Daimler offers a level 2 automation system on its trucks, which can automatically brake, accelerate and steer using radar and camera systems that make partially automated driving possible. Torc is developing Asimov self-driving software. Daimler Trucks are working on automated driving technology and vehicle integration for heavy-duty trucks.

Under the agreement, the partnership with Daimler Trucks will enable Torc to expand its team, engage in the trucking market and service its growing customer base in other markets.


Suprotik Sinha

Suprotik Sinha is the Global News Correspondent with OnDot Media. He writes about technologies and trending news in the global enterprise space. An animal lover, Suprotik, is a postgraduate from Symbiosis Institute of Mass Communication (SIMC) Pune. He carries two years of experience in mainstream broadcast media where he worked as a reporter with Ibn7 and Zee Media in Mumbai.

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