Tech Company Financing Transactions

Bot Auto Funding Round

Cherubic Ventures, First Star Ventures and Linear Capital participated in a $20 million Series A funding round for Bot Auto. The funding round was announced by the company on 9/26/2024.

Transaction Overview

Company Name
Announced On
9/26/2024
Transaction Type
Venture Equity
Amount
$20,000,000
Round
Series A
Investors

Cherubic Ventures (Lead Investor)

First Star Ventures (Lead Investor)

Linear Capital (Lead Investor)

M31 Capital (Lead Investor)

Taihill Ventures (Lead Investor)

UpHonest Capital (Lead Investor)

Proceeds Purpose
The company intends to use the funds to further enhance its tech development for the next generation of autonomous trucking that focuses on safety and operation efficiency.

Company Information

Company Status
Private & Independent
Industry
Electronics
Mailing Address
Park Row Dr 15310
Houston, TX 77084
USA
Phone
Undisclosed
Email Address
Overview
At Bot Auto, our mission is to make a lasting positive impact on humanity by revolutionizing the transportation industry with our autonomous trucks. By leveraging advanced technology and experience in the AV industry, we are transforming the way goods are transported, reduce environmental impact, and improve the quality of life for communities worldwide. Together, we drive the future of transportation, making a meaningful difference for generations to come.
Profile
Bot Auto LinkedIn Company Profile
Social Media
Bot Auto Company Twitter Account
Company News
Bot Auto News
Facebook
Bot Auto on Facebook
YouTube
Bot Auto on YouTube

Management Team

Title
Name
Email & Social
Chief Executive Officer
Xiaodi Hou
  Xiaodi Hou LinkedIn Profile  Xiaodi Hou Twitter Account  Xiaodi Hou News  Xiaodi Hou on Facebook
Chief Financial Officer
Paul Lam
  Paul Lam LinkedIn Profile  Paul Lam Twitter Account  Paul Lam News  Paul Lam on Facebook
Chief Technical Officer
Lei Wang
  Lei Wang LinkedIn Profile  Lei Wang Twitter Account  Lei Wang News  Lei Wang on Facebook
Vice President
Brian Moore
  Brian Moore LinkedIn Profile  Brian Moore Twitter Account  Brian Moore News  Brian Moore on Facebook
VP - Marketing
Robert Brown
  Robert Brown LinkedIn Profile  Robert Brown Twitter Account  Robert Brown News  Robert Brown on Facebook
VP - Marketing
John Verdon
  John Verdon LinkedIn Profile  John Verdon Twitter Account  John Verdon News  John Verdon on Facebook


 

 

Browse more venture capital transactions:

Prev: 9/26/2024: Ensemble AI venture capital transaction
Next: 9/26/2024: Distribusion venture capital transaction

 

Share this article

 


Where The Data Comes From

We do our best to report on every notable VC transaction. VC investment data records reported here are derived from news reports and company announcements. The data comes to us via our partnership with VentureDeal.com, an affiliated venture.

 


Additional Resources for Entrepreneurs

Lists of Venture Capital and Private Equity Firms

Franchise Opportunities

Contributors

Business Glossary