Locomation, an autonomous trucking company based out of Pittsburgh, will not be closing after all. In a statement to the publication FreightWaves, CEO Çetin Meriçli said the company had reduced its “non-engineering headcout in the face of economic headwinds.”
The Pittsburgh Business Times previously reported that the company was shutting down because it had run out of cash and could not bring in new investors.
“Unfortunately, we had an employee give an unauthorized and inaccurate quote, and despite providing further information, the original story ran anyway,” Meriçli told FreightWaves.
Company recently hosted demos
The news come just several weeks after the company began offering ride-along demos of its technology to stakeholders and members of the media.
Born out of Carnegie Mellon University’s National Robotics Engineering Center in 2018, Locomation is developing the Autonomous Relay Convoy System. The system involves two trucks – a lead truck driven by a human driver and a follower truck operating autonomously through ARC’s linked technology.
The Times reported that the company currently has about 80 employees, who primarily operate out of the company’s Lawrenceville headquarters.
Editor's note: This story has been updated to include comments CEO Cetin Meriçli provided to FreightWaves.
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