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Robert Bosch Venture Capital invests in Trunk

Auto News - Published on Thu, 03 Oct 2019

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Robert Bosch Venture Capital GmbH , the corporate venture capital arm of the Bosch Group, has invested in Trunk, a startup based in Beijing, China. Trunk provides combined hardware and software solutions for autonomous trucking. It is the first company to go into production with autonomous trucking solutions for the container logistics market, currently valued at some 19 billion US dollars. The company’s solutions feature artificial intelligence and are specifically designed for logistics applications such as container transportation in and between ports and warehouses.

Trunk is a full-stack supplier for truck manufacturers. The company’s developments include fleet management and remote control software, that is certified for automotive use and can be fully integrated into customer operating platforms, such as terminal operating systems in ports. Trunk’s perception, decision-making, and planning modules offer best-in-class localization accuracy. By leveraging specially designed neural networks as well as inference and robotic technologies, Trunk is able to precisely tailor its solutions perfectly with customer needs. In doing so, the company is helping to compensate for an ever-increasing shortage of drivers, saving energy, and easing tedious workflows. The success of this approach is already visibly in the form of strong strategic partnerships, for example with China Merchant Port, China’s biggest port operator.

Dr Ingo Ramesohl, the managing director of RBVC said that Trunk’s unrivaled AI-based technology enables 24/7 goods transportation with limited human involvement. This is a key step toward achieving logistics automation in the near future. The technology is strategically relevant for numerous Bosch products in commercial-vehicle applications.”

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Posted By : Mohan Sharma on Thu, 03 Oct 2019
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