ILS Has Successfully Assisted Bot Auto in Securing $20M in Pre-A Funding for Autonomous Trucking Technology

ILS is proud to have supported Bot Auto, a pioneering company in autonomous vehicle (AV) technology based in Houston, in successfully completing its oversubscribed Pre-A funding round, raising $20 million. This funding represents a significant milestone in Bot Auto's mission to revolutionize autonomous trucking by enhancing safety and operational efficiency.

The funding round was led by prominent domestic and international investors, including Brightway Future Capital, Cherubic Ventures, EnvisionX Capital, First Star Ventures, Linear Capital, M31 Capital, Taihill Venture, Uphonest Capital, and Welight Capital. This capital infusion will accelerate Bot Auto’s technological advancements and further establish its position as a leader in the autonomous trucking sector.

The ILS Transaction Team played a pivotal role throughout Bot Auto’s Pre-A financing, offering comprehensive legal counsel and support:

1. Review and Negotiation of the Term Sheet: The team conducted a thorough review and negotiated the term sheet with co-lead investors to ensure the terms supported Bot Auto’s strategic goals and future growth.

2. Drafting Financing Documents: ILS drafted all essential legal documents required for the Pre-A financing, ensuring alignment with legal and commercial standards to safeguard Bot Auto’s interests.

3. Negotiation of Financing Documents: ILS skillfully negotiated the financing documents with co-lead investors, balancing the requirements of the investors with Bot Auto’s objectives.

4. Management of Signing and Closing: The team managed the entire signing and closing process, ensuring seamless interactions between Bot Auto, co-lead investors, and the investment syndicate.

5. Advising on Financing-Related Matters: ILS provided comprehensive advice on all aspects of the financing, including secondary transactions, ensuring that Bot Auto was fully informed and protected throughout the process.

6. Securities Filings: Following the completion of the financing, ILS will handle all necessary securities filings once investor funds are received, ensuring compliance with regulatory requirements.

   
   

Additionally, the ILS team was responsible for Bot Auto’s incorporation documents and managing corporate governance matters to ensure the company’s legal structure was optimized for growth. Through its comprehensive legal support, ILS has ensured that Bot Auto is well-positioned for continued success and expansion in the rapidly evolving autonomous trucking market.

Disclaimer: The materials provided on this website are for general informational purposes only and do not, and are not intended to, constitute legal advice. You should not act or refrain from acting based on any information provided here. Please consult with your own legal counsel regarding your specific situation and legal questions.

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ILS Transaction Team

As Partner and Head of Transactions at ILS, Fiona delivers professional legal and strategic support to tech companies—with a focus on AI, medical devices, and fintech. Beyond full-spectrum technology law, she specializes in export control and compliance: supporting tech firms at all growth stages, aiding startups in scaling operations, and helping mature enterprises address regulatory challenges.

Previously, Fiona gained hands-on experience building legal frameworks from scratch. She advised unicorn companies on global expansion and regulatory hurdles, developing deep insight into clients’ growth challenges. Combining legal expertise with commercial judgment, she helps clients establish sustainable legal processes and provides clear guidance to advance their business.

Email:  contact@consultils.com | Phone: 626-344-8949

Susan is specialized in employment law and compliance, with additional experience in cross-border investments. With years of experience advising multinational clients, Susan focuses on employment-related matters, including workforce structuring, employee transfers, terminations, compensation and benefits, and workplace policies. She has extensive experience assisting companies in navigating complex labor regulations, managing cross-border employment issues, and resolving workplace disputes.

In addition to her employment law practice, Susan advises on M&A, private equity, venture capital, and cross-border investments. She has assisted international investors with complex deal structures, including VIE frameworks, and prepared due diligence reports and transaction documents.

Email:  contact@consultils.com | Phone: 626-344-8949

Aurora specializes in corporate law, venture financing, and compliance, with extensive experience advising emerging growth companies throughout their lifecycle—from formation and corporate governance to employment compliance and fundraising.

With extensive cross-border experience in both China and the U.S., Aurora provides strategic counsel to clients navigating international transactions, corporate structuring, and market expansion. She brings valuable experience advising startups and managing complex corporate matters. Her background in the biotech sector and at leading Beijing law firms—where she focused on corporate compliance and cross-border transactions—equips her with strong insight into the regulatory and business environments of both jurisdictions.

Email: aurora.shao@consultils.com | Phone: 626-344-8949