Truck AI
AI-Powered Mining Intelligence
Transform Mining Operations Through AI
Truck AI delivers intelligent solutions for mobile mining equipment, reducing energy use by 15% and boosting productivity by 10%.
Company Overview
Mission
Transform mining operations through AI across mobile equipment, reducing energy use, boosting productivity, and extending asset life.
Ownership
Currently 100% owned and managed by Project 412, which provides technical management, contracting, and delivery capabilities. Investors invest directly into Truck AI.
Product Suite
Truck Sense
Hardware and AI for road condition monitoring and asset sensing.
Truck Optimise
Operator augmentation tools including Talk to Truck AI and Volume Estimator.
Mine Flow
Fleet-level tools such as Fuel Manager and Electric Truck Manager.
Solution Capabilities
- • IoT & GPS data collection and analytics
- • AI engine for inefficiency detection
- • Predictive maintenance and downtime reduction
- • Real-time analysis via dashboards and chatbots
- • Seamless Fleet Management System integration
Market Opportunity
Industry Pain Points
- • Carbon Emissions: Australia's 2030 targets demand immediate solutions
- • Data Fragmentation: Multiple OEM/FMS systems lack intelligence
- • Productivity Stagnation: Mines need integrated AI solutions
Pipeline & Traction
- • Early pilots with NRW and IMC mining contractors
- • Discussions with NHL (Chinese OEM) for battery-electric trucks (2026)
- • Engagement with Cummins/Komatsu hybrid conversions
Revenue Model
SaaS subscription at $100K–$150K per truck annually (10¢/BCM)
Revenue Examples
| Mine | Tier | Location | Annual Recurring Revenue |
|---|---|---|---|
| Karara | Tier 2 | WA | ~$1M |
| Gruyere | Tier 2 | WA | ~$1.5M |
| Roy Hill | Tier 1 | WA | ~$7.2M |
Management Team
Truck AI benefits from Project 412's leadership team, combining mining, robotics, and AI expertise.
Paul Lucey
Director
35-year career, ex-VP Innovation & Technology at major miner, serial entrepreneur.
Dr John Vial
Director
PhD in Robotics; ex-Fortescue Metals Group technology lead (5 years).
Scott Thayer
Director
25 years in Robotics & Computer Vision, 10 patents, product development leader.
Kevin Baum
Director
30+ years in technical business management, 10+ years in AI software development.
Investment & Use of Funds
| Phase | Duration | Allocation | Key Deliverables |
|---|---|---|---|
| Discovery & Design | 3 months | $480K | Product spec, high-fidelity prototype, infrastructure setup |
| Alpha Development | 6 months | $512K | Functional backend, front-end framework, 50+ AI detectors |
| Beta Development | 3 months | $1.1M | Beta release, refined AI models, pilot deployments |
| Launch & Scale | 6 months | $1.05M | v1.0 GA launch, $5K MRR, foundation for commercial rollout |
| TOTAL | $3.14M | (plus contingency buffer) | |
Why Invest Now
Immediate demand from miners to cut costs and emissions
Engagement with global truck providers and hybrid retrofit players
Predictable, high-margin subscription model
Track record of innovation and delivery in mining tech
Positioned as the AI partner for next-gen haul trucks
15% energy reduction and 10% productivity uplift per site
Ready to Transform Mining?
Join us in revolutionizing mobile mining equipment with AI-powered intelligence
Investors are invited to participate in Truck AI's seed round to fund product completion, pilot deployment, and early revenue traction.
Express Your Interest
Complete the form below and our team will be in touch to discuss this investment opportunity
Download Full Investment Memorandum (PDF)