Torc Robotics

Develops autonomous driving technology for trucks

Blacksburg, Virginia, United States

About Torc Robotics

Torc Robotics develops software systems for self-driving trucks, focusing on Level 4 autonomous driving technology that allows trucks to operate without human intervention in specific conditions. Their technology enhances road safety and meets the logistics industry's growing demands. Torc Robotics partners with major truck manufacturers, like Daimler Trucks, and collaborates with companies such as Luminar Technologies to integrate advanced sensors into their systems. They generate revenue by selling their software to fleet operators and truck manufacturers, while also providing ongoing support and updates. The company's goal is to improve efficiency and safety in freight transportation through their autonomous solutions.

Blacksburg, VirginiaHeadquarters
2005Year Founded
M_AND_ACompany Stage
Robotics & Automation, Automotive & TransportationIndustries
501-1,000Employees

Benefits

A competitive compensation package that includes a bonus component and stock options
100% paid medical, dental, and vision premiums for full-time employees
401K plan with a 6% employer match
Flexibility in schedule and generous paid vacation (available immediately after start date)
Company-wide holiday office closures
AD+D and Life Insurance

Risks

Increased competition from companies like Waymo and Aurora could impact market share.
Expansion into new markets involves significant operational costs and regulatory risks.
The strategic partnership with Daimler may limit alliances with other truck manufacturers.

Differentiation

Torc Robotics specializes in self-driving truck technology, focusing on Level 4 autonomy.
The company has a strategic partnership with Daimler Trucks for autonomous vehicle development.
Torc's modular products enable rapid integration of robotic systems for various applications.

Upsides

Torc is expanding operations to Texas and Michigan, enhancing market presence.
The company won the 2024 Top Software & Tech Award in the Robotics category.
Torc's focus on autonomous Class 8 trucks addresses aging workforce and rising demand.