Yard trucks are used by major retailers, for example. They’re also using the platform to remotely operate forklifts and yard trucks equipped with its teleoperation software. Katz told TechCrunch that customers include companies launching autonomous delivery robots. Phantom Auto isn’t providing a full list of customers yet one named partner is Dutch yard truck manufacturer Terberg. The company is working with some of the largest logistics companies in the world, Katz said. “We continue to be designed into our customers’ stacks who are focusing on AVs on public roads, but it will take some time for autonomous passenger vehicles and commercial trucks to be deployed at scale,” Phantom founder Shai Magzimof said in a statement. This new logistics business, however, holds more near-term potential. Phantom Auto co-founder Elliot Katz emphasized that the company is still working with customers deploying autonomous passenger and commercial vehicles on public roads. Other companies, like Phantom Auto that are adjacent to the industry, are expanding into new areas as they wait for autonomous vehicle developers to catch up. Some have pivoted, shuttered or been snapped up in acquisitions by other better-capitalized companies looking for talent. In short: autonomous vehicles are hard and everyone seems to be waking up to that fact.Īs deployment timelines have moved, companies have quieted. The so-called “race” to deploy self-driving trucks, robotaxi services and other applications of autonomous vehicle technology on public roads has encountered a speed bump of sorts that has sent ripples throughout the nascent industry. Byron Deeter and Tess Hatch from Bessemer have joined Phantom’s board. The startup, founded in 2017, has raised about $19 million to date. Remote driving startup Phantom Auto has raised $13.5 million of financing in a Series A round led by Bessemer Venture Partners - capital used to expand a logistics business targeting sidewalks, warehouses and cargo yards, all the places where autonomy and teleoperation are being deployed today.
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