Robert Bosch Venture Capital invests in Trunk

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Robert Bosch Venture Capital invests in Trunk

Ground-breaking technology for autonomous trucking in China
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Stuttgart, Germany – Robert Bosch Venture Capital GmbH (RBVC), 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 U.S. dollars.
The company’s solutions feature artificial intelligence (AI) and are specifically designed for logistics applications such as container transportation in and between ports and warehouses.
This is a key step toward achieving logistics automation in the near future,” says Dr. Ingo Ramesohl, the managing director of RBVC.
Full technology stack for autonomous trucks
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 (ISO 26262) and can be fully integrated into customer operating platforms, such as terminal operating systems in ports.
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.
Among the startup’s customers are logistics giants like Tianjin Port and Sinotruck.
“We are very pleased to be supported by Bosch,” says Trunk’s CEO Zhang Tianlei.
Its investment will boost Trunk’s competitiveness as well as our ability to provide professional autonomous trucking services to customers.”
Autonomous trucking is key to meeting challenges in logistics business
As a result, demand for logistics services in China is at an all-time high.
Like many countries, however, China is faced with a shortage of qualified truck drivers, which is making it difficult to keep up with demand.
Trunk believes that autonomous trucking technology is the key to meeting these challenge

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