March 25, 2021

Baton400x275Baton, which is developing a logistics technology platform to assist long-haul autonomous trucks, has announced raising $10.5 million in Series A funding. The round was led by 8VC and Maersk Growth, the venture arm of global trucking firm AP Moller-Maersk.

The platform aims to solve a large and well-known problem in the trucking industry - the more than two billion hours lost annually due to dwell and detention. The platform enables long-haul truckers to drop off and pick up loads at Baton drop zones in major metropolitan areas, where a network of local fleets will perform first- and last-mile delivery to warehouses. 

“This completely eliminates the wasted hours associated with detention, in-transit dwell and inter-appointment dwell for long-haul trucks,” the company said. This enables highway-only autonomous trucks to handoff loads to human drivers for the first and last-mile. Baton sub-leases the 24/7 drop zones and provides software to seamlessly coordinate vehicles, drop-zones, warehouses and local drivers through a single API.

“We’re excited to bring cutting-edge technology to one of the biggest problems in transportation,” said Baton co-founder Nate Robert. “We have the opportunity to fundamentally change how long-haul trucking works by bifurcating routes into a highway-only segment and a local segment, enabling trucking companies to increase efficiency, improve profit margins and increase driver miles and wages.”

“In the future, Baton’s platform will make it possible for highway-only autonomous trucks to hand off their loads to human-driven electric trucks in the city, who can then drive at off-peak hours for the greatest efficiency,” said Andrew Berberick, co-founder at Baton. “None of this would be possible at scale without the world-class optimization engine that underlies Baton’s core operation, monitoring and coordinating a host of loads and appointment windows concurrently.”

The company currently operates in Los Angeles and plans to use the Series A funding to hire more engineers and service additional cities, including Atlanta, Chicago, and Dallas over the next 12 to 18 months.

More details on the company can be found here.