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Self-Driving Truck Firm Kodiak Robotics Plans to Go Public

  • Kodiak Robotics plans to become a public company through a merger with Ares Acquisition Corporation II.
  • The deal will value Kodiak at $2.5 billion pre-money, with total financing of $110 million committed.
  • Kodiak recently delivered two self-driving trucks as part of a 100-truck contract for oil-logistics company Atlas Energy Solutions.
  • This announcement follows Nuro's $106 million funding round, valuing the autonomous vehicle company at $6 billion.

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