The Toronto-based autonomous trucking company is reportedly working on one of the largest early stage financings on record in Canada, with investment plans co-led by Khosla Ventures and G2 Venture Partners and a US$250-million investment by Uber. (The Globe and Mail)

Talking point: The funding talks come as Waabi approaches a key milestone—the launch of fully driverless trucks, which it has said it aims to do by the end of this year. The company has been working toward commercialization by integrating its technology into Volvo trucks. But it faces some ambitious and well-capitized competitors, with Alphabet’s Waymo and Tesla announcing robotaxi rollouts this year, Gatik expanding its driverless fleet on Ontario roads, and Uber striking new partnerships with Nuro, Baidu and Wayve. Waabi’s Series B was the biggest early-stage round in Canada in 2024 and was among the largest AI investments made in the country from 2014 to 2024, according to the Canadian Venture Capital and Private Equity Association.