GLP and Bosch invest in TrunkTech


GLP and Bosch have announced that they have invested in TrunkTech, an autonomous trucking start-up based in Beijing, China. Their investments were made through their private venture capital arms Hidden Hill Capital and Robert Bosch Venture Capital respectively.

TrunkTech is an autonomous driving technology and service provider, using artificial intelligence (AI) to design autonomous driving solutions. These include fleet management and remote-control software that can be integrated into customer operating platforms at ports and warehouses. In December 2017 Trunktech signed a contract with Port Tianjing to launch China’s first autonomous container transportation project with a loading capacity of 40 tonnes per truck.

In April 2018, a TrunkTech designed self-driving electrical trucks started a test run in Port Tianjing, and TrunkTech was elected into Bosch-PlayAndPlug Accelerator.

Source: GLP