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KargoBot has secured over $100 million in its latest funding round to accelerate the expansion of its autonomous truck fleet. The Series B round was co-led by Horizon Robotics and Gaorong Ventures, with participation from other investors.

The funds will be used to expand operations on trunk routes and develop a smart transportation system. KargoBot plans to deploy 1,000 Robotrucks in 2026 and aims to grow its fleet to 10,000 units. The company is addressing the truck driver shortage and has already received commercial pilot qualifications for autonomous truck convoys, operating over 400 trucks in more than 10 provinces.