About Torc Robotics
Torc Robotics is a company based in Blacksburg (United States) founded in 2005 was acquired by Mercedes-Benz in March 2019.. Torc Robotics has completed 1 acquisition, including Algolux Tech. Torc Robotics offers products and services including Self-Driving Trucks, Autonomous Software, and Hardware Integration. Torc Robotics operates in a competitive market with competitors including PlusAI, TuSimple, Gatik, Einride and Kodiak Robotics, among others.
- Headquarter Blacksburg, United States
-
Sectors
Transportation, Automotive & Logistics
-
Email
***********
-
Phone
*********
-
Website
*********
-
Social
*********
-
Annual Revenue
-
Net Profit
-
EBITDA
-
Latest Funding Round
- Investors
-
Employee Count
Employee Count
- Investments & Acquisitions
-
Acquired by
Mercedes-Benz
(Mar 29, 2019)
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Products & Services of Torc Robotics
Torc Robotics offers a comprehensive portfolio of products and services, including Self-Driving Trucks, Autonomous Software, and Hardware Integration. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Trucks designed for safe, autonomous long-haul freight operations.
Software for real-time sensing and control in self-driving trucks.
Sensors and hardware for enhancing truck autonomy and safety.
Unlock access to complete
Funding Insights of Torc Robotics
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Torc Robotics
Torc Robotics has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Mercedes-Benz. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Mercedes-Benz is recognized for manufacturing luxury and electric vehicles.
|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
|
Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
|
Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
|
Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by Torc Robotics
Torc Robotics has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Algolux Tech. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
AI-based computer vision and cloud-based video analytics solutions are provided.
|
2014 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
OVO is recognized as a smart digital payment application.
|
2017 | ||||
|
Bionic investment advisor platform
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 |
Financial Statements - Torc Robotics
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Torc Robotics Comparisons
Competitors of Torc Robotics
Torc Robotics operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as PlusAI, TuSimple, Gatik, Einride and Kodiak Robotics, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Self-driving technology for commercial trucks is developed by PlusAI.
|
|
| domain | founded_year | HQ Location |
Self-driving truck solutions are developed using AI technology.
|
|
| domain | founded_year | HQ Location |
AI-enabled platform offering self-driving delivery trucks and delivery management system
|
|
| domain | founded_year | HQ Location |
Autonomous electric trucks are manufactured for freight and emissions management.
|
|
| domain | founded_year | HQ Location |
Autonomous trucks are developed for long-haul freight transport.
|
|
| domain | founded_year | HQ Location |
Autonomous driving solutions for trucks are developed by Waabi.
|
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Latest news on Torc Robotics
Frequently Asked Questions about Torc Robotics
When was Torc Robotics founded?
Torc Robotics was founded in 2005.
Where is Torc Robotics located?
Torc Robotics is headquartered in Blacksburg, United States. It is registered at Blacksburg, Virginia, United States.
What does Torc Robotics do?
Founded in 2005 and based in Blacksburg, United States, Torc Robotics operates in the autonomous vehicle sector. An end-to-end software stack integrated with sensor technologies is developed for self-driving trucks. Self-driving capabilities are extended to defense, mining, and agriculture applications. Accident risk optimization is also pursued through these technologies.
Who are the top competitors of Torc Robotics?
What products or services does Torc Robotics offer?
Torc Robotics offers Self-Driving Trucks, Autonomous Software, and Hardware Integration.
How many acquisitions has Torc Robotics made?
Torc Robotics has made 1 acquisition, including Algolux Tech.
Who are Torc Robotics's investors?
Torc Robotics has 1 investor. Key investors include Mercedes-Benz.