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Autonomous trucking startup Kodiak Robotics to go public via SPAC

Source: techcrunch.com | By Rebecca Bellan

Published on: 2025-04-30 14:45:40

Self-driving truck startup Kodiak Robotics plans to go public via a merger with special purpose acquisition company Ares Acquisition Corporation II. The transaction values Kodiak, which has raised around $243 million to date, at about $2.5 billion pre-money. New and existing Kodiak institutional investors, like Soros Fund Management, ARK Investments, and Ares, have funded or committed over $110 million in financing to support the transaction, as well as about $551 million of cash held in trust.

Keywords: driving kodiak levandowski public trucking

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