Volvo invests in autonomous truck developer Waabi
By Bradley Osborne - 2nd February 2023
Sweden / Canada – AB Volvo of Gothenburg, Sweden has announced that its venture capital subsidiary made an investment (amount undisclosed) in Waabi Innovation Inc, a tech start-up based in Toronto, Ontario, Canada and specialising in autonomous driving technologies for trucks.
Founded in 2021, Waabi quickly developed its autonomous driving technology using its own simulation program, called ‘Waabi World’. This program is characterised by the company as a “school” for self-driving vehicles: it provides a set of driving scenarios to actively teach and assess AI drivers. Through machine learning, autonomous driving software can be “taught” by these simulated scenarios and adjust its own code to improve its handling of real situations on the road.