PITTSBURGH--(BUSINESS WIRE)--Sep 7, 2023--
Stack AV today announced the launch of its autonomous trucking business, which leverages its self-driving technology to improve efficiency and enhance safety in the trucking industry, while tackling supply chain challenges for its partners and their consumers.
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With customers at its core, Stack AV is focused on revolutionizing the way businesses transport goods, designing solutions to alleviate long-standing issues that have plagued the trucking industry including driver shortages, lagging efficiency in uptime per vehicle, overarching safety concerns, high operating costs, and elevated emission levels. By building safe and efficient autonomous trucking solutions, Stack AV is creating better and smarter supply chains for its partners, improving business outcomes for its customers, delivering goods to end-users faster, and ultimately moving the trucking industry forward.
“As consumer consumption patterns evolve, businesses increasingly need AI-driven, intelligent, and reliable supply chains,” said Bryan Salesky, Founder and CEO of Stack AV. “With our proprietary technology and expertise as well as the commitment from our long-term partner in SoftBank, we are confident we will revolutionize the trucking and freight industries by driving improvements in efficiency and safety and alleviating supply chain constraints for our customers, helping them reach their goals and advance their missions.”
Peter Rander, President of Stack AV said, “We could not be more thrilled to unveil our autonomous trucking business to the world. As global commerce continues to become increasingly interconnected, now more than ever businesses have a dire need for more reliable and efficient supply chains, especially in the trucking and freight industries. Leveraging our advanced AI-powered autonomous driving systems, we will improve supply chains for our customers and optimize transportation routes and energy efficiency.”
Stack AV is backed by SoftBank Group Corp. (“SoftBank”) who is supporting the company with capital, resources, and deep expertise in AI to help accelerate its growth and technological developments.
“The transformative power of AI is undeniable and will have a significant impact on our society,” said Kentaro Matsui, Head of the New Business Office at SoftBank Group and Managing Partner at SoftBank Investment Advisers. “The next decade will be defined by AI, where all social systems will be linked by this technology to solve the most complex societal issues. By applying the strengths of AI-powered technology to the trucking industry, Stack AV will fundamentally change the transportation of goods and supply chains across the globe.”
Headquartered in Pittsburgh, Pennsylvania, Stack AV is led by Chief Executive Officer Bryan Salesky, President Peter Rander, and Chief Technology Officer Brett Browning. With over seven decades of combined experience, Stack AV's executives are seasoned leaders in the development of complex, autonomy-enabled systems and have deep experience in robotics and AI. Stack AV has 150 employees across its headquarters and in 15 states with an innovative remote-work/co-working collaboration model, and is growing rapidly.
About Stack AV
Stack AV develops and builds autonomous trucking solutions to improve the safety and efficiency of modern freight and supply chain systems. Stack AV’s technology – coupled with an advanced approach to safe systems design and testing – is designed to maximize trucks' uptime, optimize existing infrastructure and improve roadway safety. Stack AV is committed to driving the trucking industry forward by enabling smarter supply chains for its partners, allowing them to deliver goods to their consumers faster and more safely. To learn more, please visit https://stackav.com/.
View source version on businesswire.com:https://www.businesswire.com/news/home/20230907651841/en/
CONTACT: Media Contacts
Kristin Schwarz
Kristin.Schwarz@SoftBank.com
FGS Global
StackAV@FGSGlobal.com
KEYWORD: PENNSYLVANIA UNITED STATES NORTH AMERICA
INDUSTRY KEYWORD: SUPPLY CHAIN MANAGEMENT TRUCKING RETAIL TECHNOLOGY TRANSPORT ARTIFICIAL INTELLIGENCE
SOURCE: Stack AV
Copyright Business Wire 2023.
PUB: 09/07/2023 08:00 AM/DISC: 09/07/2023 08:02 AM
http://www.businesswire.com/news/home/20230907651841/en
