Source: CNBC
Summary
Uber co-founder Garrett Camp’s investment firm, Expa, has invested in Otto, a company founded by Michael, another Uber co-founder. Michael reflected on his past experience at Uber, stating he will never forgive being ousted alongside co-founder Travis Kalanick. He also discussed his new venture, Otto, and its focus on autonomous trucking.
Our Reading
The announcement sounds ambitious.
Uber co-founder Michael has a new venture, Otto, focused on autonomous trucking. His investment firm, Expa, has invested in the company. Michael’s past experience at Uber is still a sore spot, with him stating he will never forgive being ousted. It’s another case of a “new” venture that sounds eerily familiar to existing autonomous vehicle projects. Another Uber co-founder tries to disrupt an industry they already knew about.
Author: Evan Null
