[shorbaji]

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]

> With the construction equipment market at $160B

Wouldn't the value of their target market be the pay of operators (~$30/hour)?

[shorbaji]

At 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.