Outrider Raises $62 Million for Expansion

Outrider, a leader in autonomous yard operations, has successfully raised $62 million in an oversubscribed Series D financing round, led by Koch Disruptive Technologies and New Enterprise Associates, among others. This funding will bolster Outrider's commercial scaling of its autonomous services for Fortune 500 customers, anticipated in 2025, enhancing safety and efficiency in logistics hubs. With over $250 million raised to date, Outrider's technology automates hazardous manual tasks using self-driving electric yard trucks. CEO Andrew Smith highlighted the importance of this funding in setting high operational standards and delivering significant value to customers. The company's innovations have been validated through over 100,000 autonomous trailer moves, showcasing its commitment to transforming logistics operations. Outrider's technology is also poised for expansion into intermodal rail and port terminals, indicating its broad application across freight transportation.