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With the construction equipment market at $160B, this certainly is quite a sizable niche. Specializing in it is clever. And an $80M round sounds sane these day
by shorbaji 1y ago
With the construction equipment market at $160B, this certainly is quite a sizable niche. Specializing in it is clever.
And an $80M round sounds sane these days
- xnx 1y ago> With the construction equipment market at $160B Wouldn't the value of their target market be the pay of operators (~$30/hour)?
- shorbaji 1y agoAt first, yes. Longer term, self-driving construction vehicles will likely change the entire market - perhaps similar to how self-driving passenger cars would change that market. Vehicles will be designed differently and consumption-based business models would potentially make up a larger part of the market. Investors are probably see that opportunity.