L
Locomation
Developer of safe and reliable autonomous trucking solutions
About Locomation
Locomation.ai is a pioneering company in the autonomous trucking industry, focusing on transforming freight transportation with cutting-edge technology. The company operates in the logistics and transportation market, serving freight carriers and logistics companies. Locomation's core product is its Autonomous Relay Convoy (ARC) system, which consists of two trucks moving in tandem with one driver in the lead truck and another resting in the follower truck. This system is designed to improve asset utilization, reduce operating costs, and enhance safety.
Locomation's business model revolves around providing its ARC technology and related services to freight carriers on a subscription basis, generating recurring revenue. The company also offers freight optimization services to further enhance the efficiency of its clients' operations. By enabling early deployment and continuous improvement, Locomation aims to lead the industry towards full autonomy in trucking.
The company makes money through subscription fees for its ARC technology and additional services, as well as potential cost savings and efficiency gains for its clients.
Source: Dealroom company dataAt a glance
- Status
- Acquired
- Founded
- 2018
- Headquarters
- Pittsburgh, United States
- Employees
- 15
- Open positions
- None listed
- Dealroom signal
- 73.3/100
- Industry
- Transportation
- Sub-industry
- Autonomous & Sensor Tech
- Sector
- Transportation, Automotive, Core AI, Autonomous Mobility, Spinout, AI Applications, DT and LS, science-based
- Technology
- Artificial Intelligence, Deep Tech, Autonomous & Sensor Tech
- Business model
- Manufacturing
Knowledge graph
More headlines
Funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| ACQUISITIONOther financing | Apr 2023 | $0 | — | Undisclosed | — |
| EARLY VCOther financing | Oct 2022 | $15M | $60M | Mountain State Capital | — |
Growth signals
Latest recorded traffic for Locomation is 600 monthly website visits, up 30.4% over the last three months. Locomation's team declined 11.8% over the past year.
Similar companies
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Investments and acquisitions
Recent portfolio relationships for companies that also act as investors or acquirers.
Investors
From Dealroom's funding and investor records, grouped by the round each investor first entered.
Seed14 investors entered at this stage
Homebrew
MicroVentures
Motus Ventures
V1.vc
Firebrand Ventures
Fusion Fund
AV8 Ventures
Western Technology Investment
Plug and Play
Blackhorn Ventures- REReShape
Batshit Crazy Ventures
Draper Triangle Ventures
Proeza Ventures
Series A1 investor entered at this stage
Mountain State Capital
Other known investors1 additional known investor
Carnegie Mellon University
Source: Dealroom Talent Intelligence.
Global footprint
team presence
Market sentiment
An AI-synthesised read of the highest-engagement posts about Locomation on X, ranked by likes and reposts, corporate channels excluded.
Reading the room on X — pulling top posts and synthesizing themes…
Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour
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